Legend Innovation Life Science Fund, LLC ("Legend") and Provo Real Estate Enterprises, LLC ("Provo") are pleased to announce the signing of a $100 million Memorandum of Understanding.
FORT LEE, N.J., Feb. 8, 2025 /PRNewswire-PRWeb/ -- Legend Innovation Life Science Fund, LLC ("Legend") and Provo Real Estate Enterprises, LLC ("Provo") are pleased to announce the signing of a $100 million Memorandum of Understanding (MOU) to commit to providing capital to the Legend Fund and to jointly develop innovative real estate projects that will support the rapidly growing life sciences sector in South Korea. This landmark partnership combines Legend's expertise in life sciences investments with Provo's extensive experience in commercial real estate development. Under the terms of the MOU, Provo will provide capital to Legend to invest in cutting-edge healthcare companies while also collaborating to create state-of-the-art facilities designed to foster innovation and growth in life sciences and healthcare technologies. These projects aim to attract top-tier companies and talent while contributing to economic development in the U.S., South Korea, and beyond. "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 at Legend. "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 S. Korea." Jae Shim, Founder at Provo Real Estate, 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 cutting-edge facilities tailored for research, development, and commercialization of healthcare solutions. The first investment by Provo under this MOU is expected to begin later this year.
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 in bringing innovative solutions from concept to commercialization, driving global impact in areas such as neuroscience, obesity, cancer, diabetes and regenerative medicine. https://legendls.com/
About Provo Real Estate Enterprises
Transforming the Financial Industry with Innovation
Provo Real Estate Enterprises (PREE) is redefining investment with a cutting-edge business model that seamlessly merges real estate, digital assets, biotechnology, and the speed of network marketing. This powerful and inclusive platform creates new opportunities for individuals from all backgrounds, making real estate investment more accessible than ever. With a focus on affordability and stability, PREE empowers investors to generate consistent profits, even with minimal capital—offering a modern, forward-thinking alternative to traditional financial investment methods. https://www.provopree.io/
Media Contact
Dr. Syngbum (Ben) Kim (Managing Partner), Legend Innovation Life Science Fund, 1 201-383-5370, [email protected], https://legendls.com/
David Horn M.D. (Partner), Legend Innovation Life Science Fund, 1 201-383-5370, [email protected], https://legendls.com/
SOURCE Legend Innovation Life Science Fund
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