IBK Industrial Bank, Recruiting Innovative Startups for ‘IBK Changgong (創工) Daejeon 1st Cohort’

IBK ChangGong Daejeon Center Scheduled to Launch in November
Fourth ChangGong Following Mapo, Guro, and Busan

[Asia Economy Reporter Park Sun-mi] IBK Industrial Bank announced on the 26th that it will begin recruiting the first batch of innovative startup companies for its startup incubation platform ‘IBK Changgong (創工)’ Daejeon Center.

The recruitment target is companies less than 7 years old with no restrictions on industry type, and the application period is until September 30th (2 PM). About 20 companies will be selected through a first-round document review and a second-round face-to-face evaluation, with the final selected companies to be announced in November.

The final selected companies will receive active support for investment, loan financing, and indirect investment using funds invested by the bank for six months starting December this year. In addition, various non-financial supports such as mentoring, consulting, IR, publicity, and domestic and international market expansion support will be provided.

‘IBK Changgong Daejeon,’ launching in November, is the fourth center of IBK Changgong dedicated to discovering and nurturing technology-based innovative startups through a specialized strategy. Located in the Daedeok Research and Development Special Zone Science Complex, which has excellent industry-academia-research infrastructure including nearby science and technology research facilities, public institutions, and universities (KAIST, Chungnam National University), it enables various business collaborations.

An IBK Industrial Bank official said, “Starting with the opening of IBK Changgong Daejeon, we will spare no effort to provide various supports beyond investment to activate the technology-based startup ecosystem.”

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