Shinhan Financial Group Opens Recruitment for 4th Batch of 'Open Innovation' Participants... Plans to Select 6 Companies

[Asia Economy Reporter Kwangho Lee] Shinhan Financial Group announced on the 25th that it is recruiting technology demand companies to participate in the 4th Shinhan Open Innovation program at the startup incubation platform 'Shinhan Square Bridge Seoul' until the 21st of next month.

Shinhan Open Innovation is an open innovation program that connects startups with technological capabilities and technology demand companies that need their technology. By participating in the program, participants have the opportunity to review the possibility of mutual business linkage, and experts provide coaching and facilitating to help derive various collaboration points such as overseas expansion.

In the previous 1st to 3rd Shinhan Open Innovation programs, 11 companies including Shinhan Financial participated as technology demand companies, and about 480 startups applied to join them through the program.

The 4th Shinhan Open Innovation program will recruit 6 companies and select a total of 30 startups to be linked with each demand company from August 16 to September 6 to operate the program.

There are no costs whatsoever for participating in the program, and startups that produce excellent collaboration cases will be provided with various benefits, including prize money of 140 million KRW.

A Shinhan Financial Group official said, "From a long-term perspective, the initial discussion of collaboration points is the most important to successfully carry out open innovation," adding, "We will spare no support to help technology demand companies and startups quickly establish contact points for business linkage."

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