IBK Industrial Bank, 'IBK Changgong Mapo' Online Demo Day Held

IBK Changgong Mapo 5th Batch: 11 out of 19 Companies Pitching
Overseas Investors and Startup Support Officials Participate Online in Real Time

[Asia Economy Reporter Sunmi Park] IBK Industrial Bank announced on the 3rd that it held an online demo day for the startup incubation program ‘IBK Changgong Mapo’.

The demo day is the final stage of the ‘IBK Changgong’ program, where 11 companies from the ‘IBK Changgong Mapo 5th cohort’ participated in pitching to seek investment and market expansion opportunities.

In particular, this demo day included overseas institutions such as Plug and Play and 500 Startups, along with domestic investors, to support ‘IBK Changgong’ companies preparing for overseas expansion.

An IBK Bank official stated, “We plan to expand the global Changgong program to support companies aiming for overseas advancement.”

The ‘IBK Changgong Mapo’ demo day was conducted in accordance with the government’s social distancing level 2 guidelines and was broadcast live online. Investors, startup-related organizations, and general participants joined the event through non-face-to-face channels such as YouTube and webinars.

IBK Changgong is a startup incubation program that supports startups with investment, financing, consulting, and office space. It operates in three locations: Mapo, Guro, and Busan. Since December 2017, it has nurtured 243 companies and provided financial services including investment and financing worth 163 billion KRW, as well as 3,087 non-financial services such as mentoring, consulting, and IR support.

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