IBK Industrial Bank Nurtures 73 Innovative Startups in First Half of Year Through 'IBK Changgong'

Selected 20 Companies in Mapo, 20 in Guro, and 23 in Busan
Support for Financial and Non-Financial Services Including Office Space, Investment and Loans, Consulting, and Market Development

[Asia Economy Reporter Haeyoung Kwon] IBK Industrial Bank announced on the 7th that it has finally selected 63 innovative startup companies through its startup incubation platform 'IBK ChangGong (創工)' and will begin a 5-month startup incubation program in three locations: Mapo and Guro in Seoul, and Busan.

IBK ChangGong is IBK Industrial Bank's startup incubation platform that supports startup companies in building successful business models by providing financial and non-financial services such as office space, investment and loans, consulting, and market development.

Starting this first half of the year, IBK Industrial Bank introduced an 'integrated semester system' that simultaneously selects and nurtures companies in the three locations of Mapo, Guro, and Busan.

The selected companies, totaling 20 in Mapo, 20 in Guro, and 23 in Busan, possess diverse technological capabilities and marketability in areas including materials, parts, equipment, culture, content, as well as food and beverage. A total of 569 companies applied, resulting in a competition rate of 9 to 1.

An IBK Industrial Bank official stated, "We plan to continuously select and support innovative companies so that startup companies' dreams can be realized," adding, "We will provide optimal financial support and startup incubation programs to the final selected companies."

This content was produced with the assistance of AI translation services.