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SHMD Selected for TIPS Program by Ministry of SMEs and Startups; Accelerates Development of AI-Powered Cerebral Blood Flow Monitoring Device.

By 2025-04-16June 11th, 2025No Comments

SHMD Selected for TIPS Program by Ministry of SMEs and Startups; Accelerates Development of AI-Powered Cerebral Blood Flow Monitoring Device.

2025-01-10
NEWS

SHMD, an AI-based medtech company led by CEO Minyoung Lauren Song, announced on the 10th that it has been selected for the TIPS (Tech Incubator Program for Startup Korea) program, a technology startup support initiative by the Ministry of SMEs and Startups.

TIPS (Tech Incubator Program for Startup Korea) is a public-private partnership program designed to foster startups with outstanding technology. Under this program, a private accelerator first invests 100 to 200 million KRW in a promising startup, after which the Ministry of SMEs and Startups provides matching R&D funding. Selected companies can receive up to 500 million KRW in R&D support over two years, along with an additional 100 million KRW each for commercialization and global marketing efforts. SHMD was recommended for the TIPS program by the KITE Investment Foundation.

SHMD is a company that introduced ‘Cereband AI,’ an AI-based stroke prevention solution.
Cereband AI is an innovative medical solution that combines automated cerebral blood flow ultrasound examinations with AI-based anomaly detection technology.

An SHMD representative stated, “The core of Cereband AI lies in its four-stage automated data analysis module,” and added, “This system automatically performs data preprocessing, statistical analysis, result visualization, and diagnostic modeling.”
They further explained, “It enables the rapid acquisition of high-quality analysis results without the need for professional personnel, making it highly practical in clinical settings.”

SHMD has signed MOUs with various secondary and tertiary medical institutions in Korea and abroad, proving the reliability of its solution.
Minyoung Song, CEO of SHMD, said, “With Cereband AI, we aim to lead the field of stroke prevention solutions and realize innovative, prevention-focused healthcare services.”

Meanwhile, the medical community considers stroke a disease where early detection and prevention are crucial.
AI-based preventive solutions like Cereband AI are expected to open a new chapter in early diagnosis and preventive care for stroke.

BACK
Company name:
SHMD
E-mail:
contact@shmd.io
CEO:
Lauren Minyeong Song
ⓒ 2025 SHMD. ALL RIGHTS RESERVED.
HQ:
2F, 8-1, Pungnyeon-ro 206beon-gil, Cheongju-si, Chungcheongbuk-do, Republic of Korea
AI MEDTECH LAB:
6F, 169, Yeoksam-ro, Gangnam-gu, Seoul, Republic of Korea

Privacy Policy

Last Updated: June 01, 2026

SHMD, Ltd. ("SHMD", "we", "our", or "us") is committed to protecting your privacy and personal information. This Privacy Policy explains how we collect, use, disclose, store, and protect information when you use our applications, including but not limited to:

  • BRAINCHECK
  • CEREBAND
  • SkinWave
  • Related mobile applications, websites, and services (collectively, the "Services")

By accessing or using our Services, you agree to the collection and use of information in accordance with this Privacy Policy.

1. Information We Collect

We may collect the following categories of information.

A. Account Information

  • Name
  • Email address
  • Phone number
  • Date of birth
  • Gender
  • Country of residence

B. Health and Wellness Information

Depending on the Service used, we may collect the following information.

BRAINCHECK

  • Health questionnaires
  • Stroke risk assessment data
  • Headache assessment information
  • Cognitive assessment results
  • Voice recordings and derived analysis for carotid artery stenosis screening

CEREBAND

  • Cerebral blood flow measurements
  • Ultrasound-derived physiological data
  • Cerebrovascular monitoring results
  • Clinical assessment records

SkinWave

  • Skin condition information
  • Device usage records
  • Beauty and wellness assessment results
  • Treatment session history

C. Device and Technical Information

We may automatically collect the following information.

  • Device model
  • Operating system version
  • Mobile device identifiers
  • IP address
  • App version
  • Log data
  • Crash reports
  • Usage analytics

D. Customer Support Information

When you contact us, we may collect the following information.

  • Communication records
  • Support requests
  • Feedback and survey responses

2. How We Use Information

We use collected information to:

  • Provide and operate our Services
  • Deliver health and wellness assessments
  • Generate reports and recommendations
  • Improve product performance and user experience
  • Monitor system security and reliability
  • Respond to inquiries and customer support requests
  • Conduct research and statistical analysis
  • Comply with legal obligations
  • Prevent fraud, abuse, and unauthorized access

3. Medical Disclaimer

The Services are intended to provide wellness, screening, educational, and informational support only.

The Services are not intended to diagnose, treat, cure, or prevent any disease and do not replace professional medical advice, diagnosis, or treatment.

Users should always seek advice from qualified healthcare professionals regarding medical conditions or health concerns.

4. Legal Basis for Processing

Where applicable, we process personal information based on:

  • User consent
  • Performance of a contract
  • Compliance with legal obligations
  • Legitimate business interests
  • Protection of vital interests

5. Sharing of Information

We do not sell personal information.

We may share information in the following cases.

1. Service Providers

We may engage external providers to perform the following functions.

  • Cloud hosting
  • Data storage and backup
  • Analytics
  • Technical support
  • Security monitoring

2. Healthcare Partners

Where explicitly authorized by the user or required for service delivery.

3. Legal Requirements

We may disclose information to relevant authorities in the following cases.

  • Applicable laws
  • Court orders
  • Government authorities
  • Regulatory agencies

4. Corporate Transactions

Information may be transferred in the following cases.

  • Merger
  • Acquisition
  • Investment
  • Reorganization
  • Sale of assets

6. International Data Transfers

Your information may be processed and stored in countries outside your country of residence.

SHMD takes reasonable measures to ensure appropriate safeguards are in place for cross-border data transfers.

7. Data Retention

We retain personal information only for as long as necessary to provide Services.

However, information may be retained in accordance with applicable law in the following cases.

  • Fulfill contractual obligations
  • Resolve disputes
  • Enforce agreements

Unless otherwise required by law, personal information will generally be deleted or anonymized after account deletion and completion of applicable retention periods.

8. Data Security

We implement reasonable safeguards to protect personal information, including:

  • Encryption of transmitted data
  • Access controls
  • Authentication procedures
  • Secure cloud infrastructure
  • Security monitoring and auditing

However, no system can guarantee absolute security.

9. Children's Privacy

Our Services are not intended for children under the age required by applicable law without parental or legal guardian consent.

10. Your Rights

Subject to applicable law, you may have the right to:

  • Access your personal information
  • Correct inaccurate information
  • Request deletion of information
  • Restrict processing
  • Object to processing
  • Withdraw consent
  • Request data portability

Requests may be submitted using the contact information below.

11. Account Deletion

Users may request deletion of their account and associated personal information at any time.

Deletion requests may be submitted to:

Email: contact@shmd.io

We will process deletion requests in accordance with applicable laws and regulatory requirements.

12. Third-Party Services

Our Services may integrate with the following third-party platforms.

  • Apple App Store
  • Google Play Store
  • Firebase
  • Google Analytics
  • Cloud hosting providers (e.g. AWS)

These third parties maintain their own privacy policies and practices.

13. Changes to This Privacy Policy

We may update this Privacy Policy periodically.

Material changes will be communicated through the Services or other appropriate channels.

14. Contact Information

SHMD, Ltd.

Website: https://shmd.io

Email: contact@shmd.io

For privacy-related inquiries, requests, or complaints, please contact us using the information above.

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