DGB Financial Launches 3rd Cohort of Startup Incubation Program Pium Lab

[Asia Economy Reporter Kim Hyo-jin] DGB Financial Group announced on the 30th that it held the launch ceremony for the 3rd class of the ‘DGB FIUM Lab’ at its second headquarters.

The ‘FIUM’ in the fintech startup incubation program FIUM Lab combines the ‘F’ from Fintech and the ‘I’ from Innovation, meaning ‘to blossom fintech innovation (Fium).’

Established in 2019 as the first fintech lab in the regional financial sector, it has selected and nurtured a total of 11 companies up to the 2nd class, and the 3rd class has now been launched this year.

For the recruitment of the 3rd class of FIUM Lab, over 80 companies from various fields applied, including fintech-related startups as well as startups proposing ideas that can jointly practice DGB Financial Group’s ESG (Environmental, Social, and Governance) management.

The selection process, conducted over about a month from the recruitment start in February to early March, involved two rounds of document screening and interview evaluations by business managers from each affiliate and a specialized consulting firm in charge of incubation, ultimately selecting 12 companies.

In the ‘Incubator Track,’ a regional startup residency incubation program, five companies were selected, including Neophons, which operates an ‘AI-based language rehabilitation training and non-face-to-face language therapy platform,’ as well as ZENA, Dallara Network, D-Able, and Uniting. In the ‘Open Innovation Track,’ which aims to foster excellent startups and digital innovation models, seven companies were selected, including Oasis Business, which has an idea for an ‘alternative credit evaluation model through commercial district big data analysis,’ as well as Tanker, Puzzle Data, Capbox, Money Station, Quantec, and Run Invest.

These 12 startups will promote joint commercialization and business cooperation with DGB Financial Group in the future, and will be provided with a systematic program including customized growth consulting support tailored to the size and status of the startups, investment linkage, and support project connections.

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