NongHyup Bank Hosts 'NH Digital Challenge+ 5th Batch' Startup Day

[Asia Economy Reporter Kiho Sung] NH Nonghyup Bank announced on the 9th that it held a ‘Startup Day’ event to celebrate the selection of the 5th batch of its in-house startup nurturing and collaboration program, ‘NH Digital Challenge+’.

The 5th batch of ‘NH Digital Challenge+’ selected a total of 27 startups, including 17 newly selected companies in digital new technology fields such as artificial intelligence (AI), big data, and blockchain, as well as agriculture and ESG (environment, social, and governance), and 10 existing participating companies. They will participate in the program until October this year.

NH Nonghyup Bank provides various benefits to the selected companies, including ▲support for office space ▲startup management diagnosis ▲specialized education related to industry sectors and technology ▲opportunities for expert consultations in legal, patent, labor and personnel, tax, and investment consulting ▲business linkage within the Nonghyup group (Meetup Day) ▲opportunities to participate in investment attraction (Demo Day).

The event, held the previous day at the NH Digital Innovation Campus located in Seocho-gu, Seoul, was attended by Lee Sang-rae, Vice President of the Digital Finance Division, who held a plaque presentation ceremony with the representatives of the selected companies. Alumni companies of ‘NH Digital Challenge+’ that succeeded in scale-up through collaboration with NH Nonghyup Bank, ‘Elpin’ and ‘Danbi INC’, gave case presentations, and there was time to communicate about the startup nurturing program, Nonghyup group collaboration linkage programs, scale-up, and open innovation.

Vice President Lee Sang-rae said, “We will provide the highest level of nurturing programs in the financial sector so that startups can focus on developing innovative products and services, and create an open innovation environment where they can coexist with Nonghyup.” He added, “We will strive to discover new business models through communication and collaboration with startups and to leap forward as a customer-centered digital leading bank.”

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