Shinhan Financial Group Announces Recruitment for Shinhan Future's Lab 7-2 Batch Startups
[Asia Economy Reporter Kwangho Lee] Shinhan Financial Group announced on the 16th that it has started recruiting for the 'Shinhan Futures Lab 7-2nd batch,' a startup incubation program.
Since its launch in May 2015, Shinhan Futures Lab has discovered and nurtured a total of 250 innovative startups up to the 7-1st batch in the first half of this year, investing approximately 39.6 billion KRW in domestic and international incubated companies to date.
In particular, starting from the 7-1st batch this year, the program newly established an ESG (Environmental, Social, and Governance) sector, where the group is concentrating its capabilities company-wide, selecting and nurturing related startups. In the upcoming 7-2nd batch, the selection of ESG-related startups such as smart farms, eco-friendly materials, and hygiene sterilization technologies will be further expanded, and the ESG incubation program will be further advanced through collaboration with ESG evaluation specialized institutions.
Major LG Group affiliates such as LG Electronics and LG CNS, as well as partners including Amorepacific (Beauty), NCSoft (Media Content), Douzone ICT Group (ICT), GS Shop (Distribution), and Hoban Construction (Construction) will participate in this selection. Outstanding startups leading future industries such as augmented reality (AR), virtual reality (VR), autonomous driving, and healthcare will be jointly discovered and nurtured.
Selected companies will be provided with practical support through the S-Membership program, which includes startup stage-specific incubation and investment, office space rental, mentoring, and opportunities to collaborate with Shinhan Financial Group companies and large corporate partners.
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A Shinhan Financial Group official stated, "Shinhan Futures Lab was recognized as Korea's representative unicorn accelerating program by producing the highest number of 10 startups in the financial sector for the 'Baby Unicorn 200 Project' promoted by the Ministry of SMEs and Startups this year," adding, "In the 7-2nd batch recruitment, we plan to further expand the selection of ESG-related startups and discover more outstanding startups through collaboration with various partners."
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