Legend Innovation Life Science Fund and Provo Real Estate Enterprises Sign $100 Million Memorandum of Understanding
Legend Innovation Life Science Fund and Provo Real Estate Enterprises have signed a $100 million agreement to fund healthcare innovation and develop advanced life sciences facilities in South Korea. The partnership aims to combine investment expertise and real estate development to support growth in the global healthcare technology sector.
FORT LEE, N.J. — Legend Innovation Life Science Fund, LLC (“Legend”) and Provo Real Estate Enterprises, LLC (“Provo”) announced the signing of a $100 million Memorandum of Understanding (“MOU”) to provide capital to the Legend Fund and jointly develop innovative real estate projects supporting the rapidly growing life sciences sector in South Korea.
The partnership combines Legend’s experience investing in life sciences with Provo’s expertise in commercial real estate development.
Under the MOU, Provo agreed to provide capital to Legend for investments in innovative healthcare companies. The organizations also agreed to collaborate on the development of advanced facilities designed to support research, innovation, and growth in the life sciences and healthcare technology sectors.
The proposed projects are intended to attract leading companies and talent while contributing to economic development in the United States, South Korea, and other global markets.
“This partnership represents a significant step forward in our mission to drive innovation in the life sciences sector,” said Dr. Syngbum (Ben) Kim, Managing Partner and Co-Founder of Legend Innovation Life Science Fund.
“By joining forces with Provo, we are creating a platform that will enable groundbreaking advancements in healthcare technologies while building an innovation bridge between the U.S. and South Korea.”
Jae Shim, Founder of Provo Real Estate Enterprises, added:
“Provo has long been a hub for innovation, and this agreement underscores our commitment to supporting industries that have a meaningful impact on human health. We are excited to work with Legend to bring these transformative projects to life.”
The collaboration will focus on developing facilities tailored to the research, development, and commercialization of healthcare technologies and solutions.
At the time of the announcement, Provo’s first investment under the MOU was expected to begin later in 2025.
About Legend Innovation Life Science Fund, LLC
Legend Innovation Life Science Fund is an investment fund dedicated to advancing life sciences and healthcare technologies.
The fund supports entrepreneurs as they bring innovative solutions from concept to commercialization, with a focus on areas including neuroscience, obesity, cancer, diabetes, and regenerative medicine.
Website: legendlifescience.com
About Provo Real Estate Enterprises
Provo Real Estate Enterprises (“PREE”) is developing an investment model that brings together commercial real estate, digital assets, biotechnology, and network-based business development.
The organization seeks to expand access to investment opportunities through an affordable, technology-enabled platform while supporting projects across emerging industries.
Website: provopree.io
Media Contact
Dr. Syngbum (Ben) Kim
Managing Partner
Legend Innovation Life Science Fund
Phone: +1 201-383-5370
Email: info@legendlifescience.com
Website: legendlifescience.com