IBK Industrial Bank, 24 IBK Changgong Companies Participate in 'World IT Show 2021'

Introducing Innovative Products and Services to Domestic and International Buyers

[Asia Economy Reporter Park Sun-mi] IBK Industrial Bank announced on the 21st that its startup incubation platform ‘IBK Changgong’ will participate in the ‘World IT Show 2021’ together with participating companies.

The World IT Show, held from today until the 23rd, is the largest information technology exhibition in Korea, hosted by the Ministry of Science and ICT and sponsored by the Ministry of Trade, Industry and Energy. It is an event to share the current status and prospects of the global ICT (Information and Communication Technology) market and for companies to showcase their latest technological capabilities.

IBK Changgong participated by organizing the ‘IBK Changgong Pavilion’ together with a total of 24 companies supported by the startup incubation program. At the exhibition, they plan to introduce the startup incubation program and showcase the excellent technological capabilities of innovative startup companies to industry officials and domestic and international buyers. In particular, Blessings (Mapo 4th batch), Genie Robot (Guro 5th batch), and Spin A Web (Mapo 6th batch) have been invited to the new product and new technology presentation program to introduce innovative products and services.

An IBK Industrial Bank official said, “We decided to participate to provide opportunities such as market development and promotion for IBK Changgong participating companies,” adding, “Blessings, Infoworks, and Ourbox, Changgong companies, were selected as winners of the ‘WIS Innovation Award,’ which is awarded to only 10 companies, making this a valuable opportunity to re-highlight the IBK Changgong platform.”

Meanwhile, IBK Changgong is a startup incubation platform that supports the successful growth of innovative startup companies. Since its opening in Mapo in December 2017, it has been operating a total of three centers including Guro and Busan. So far, it has supported a total of 307 incubated companies with 246.6 billion KRW in investments and loans, 3,949 mentoring sessions, and investor relations (IR) meetings.

Currently, IBK Changgong is recruiting innovative startup companies for the second half of 2021, planning to select about 20 companies each at the three centers in Mapo, Guro, and Busan, totaling about 60 companies. Applications can be submitted through the IBK Changgong website until May 6th (14:00).

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