IKKO International Trading LLC

Key People

• Sangwon Lee - President
• Tony Sasaki - Manager, Purchasing
• Kaori Weyand - Central Purchasing

Assessment

Team

Aspect: First-time no MedTech exp
Summary: The team has experience in the food and beverage industry but lacks a background in MedTech.

IKKO International Trading LLC's leadership, including President Sangwon Lee and Manager Tony Sasaki, have established experience in the food and beverage sector. However, there is no indication of prior experience in the MedTech industry, which could pose challenges in navigating the complexities of medical device development and commercialization.

Clinical Need

Aspect: Me too
Summary: The company's offerings do not address a unique clinical need in the MedTech space.

IKKO International Trading LLC specializes in importing and distributing products related to Japanese and Asian cuisine, such as frozen fish and seafood. There is no evidence to suggest that the company is addressing any specific clinical needs within the MedTech industry, indicating a lack of innovation or differentiation in this sector.

Competition

Aspect: Very crowded
Summary: The market for seafood importing and trading is highly competitive.

The seafood importing and trading industry is characterized by numerous players, including companies like True World Foods and ABS Seafood. IKKO International Trading LLC's role as a central purchasing office for True World Foods suggests a strong position within this competitive landscape.

Technical Challenge

Aspect: Low-minimal Risk
Summary: The technical challenges in seafood importing are minimal compared to MedTech.

Seafood importing and trading primarily involve logistics, supply chain management, and quality control, which are less technically complex compared to the development and manufacturing processes in the MedTech industry. Therefore, the technical challenges faced by IKKO International Trading LLC are relatively low.

Patent

Aspect: None
Summary: The company does not hold any patents relevant to MedTech.

IKKO International Trading LLC operates in the food and beverage sector, focusing on importing and distributing seafood and related products. There is no indication that the company holds any patents, particularly in the MedTech field, which aligns with its current business focus.

Financing

Aspect: Self/None
Summary: The company appears to be self-funded with no external financing.

IKKO International Trading LLC generates revenue through its seafood importing and trading activities, with an estimated annual revenue of $4.7 million. There is no public information indicating reliance on external financing, suggesting that the company operates on a self-funded basis.

Regulatory

Aspect: Concept Stage
Summary: The company is not engaged in any MedTech regulatory processes.

As a seafood importing and trading company, IKKO International Trading LLC is subject to food safety and import regulations but does not engage in the regulatory processes associated with the MedTech industry, such as FDA approvals for medical devices.

Opportunity Rollup

Odds of Success

3.5

Peak Market Share

5.7

Segment CAGR

<em>Unknown</em>

Market Segment

<em>Unknown</em>

Market Sub Segment

<em>Unknown</em>

Key Takeaway

IKKO International Trading LLC is a seafood importing and trading company with a strong position in a competitive market but lacks involvement in the MedTech industry.