Industrial Bank of Korea Announces Recruitment for 2021 Childcare Program Operators

[Asia Economy Reporter Kangwook Cho] The Korea Development Bank (KDB) announced on the 27th its plan to select private accelerators to jointly operate the '2021 KDB NextONE.'

The selected accelerators will jointly operate the KDB startup incubation project for one year starting next year. KDB plans to complete the selection of operating companies by December and begin recruiting the 2nd batch of KDB NextONE.

In May, KDB launched the startup incubation program 'KDB NextONE,' selecting 15 startups for the first batch and began nurturing startups at Mapo Innovation Town (Front1), the largest innovation startup space in Korea. Going forward, KDB will continue to provide startup support services linked with its existing venture startup support system, including KDB NextRound (investment attraction support), NextRise (business cooperation support), and direct and indirect investments.

The application deadline for private accelerator recruitment is December 7th at 3 PM. Detailed information can be found on the KDB website (http://www.kdb.co.kr), the Government e-Procurement System (http://www.g2b.go.kr), and Alio (http://www.alio.go.kr).

A KDB official stated, "In 2021, we plan to provide comprehensive incubation support to early-stage startups by leveraging the incubation capabilities of excellent domestic accelerators and KDB's customized financial and non-financial services. We hope this will help support the growth of early-stage startups."

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