Shinhan Financial Group Completes 'Open Innovation 3rd Cohort' at Shinhan Square Bridge Seoul

A Total Prize of 120 Million KRW Awarded to the Final 7 Outstanding Teams

Sangyong Park, Head of Social Contribution at Shinhan Financial Group (second from the left in the first row), and the awardees of the 3rd Shinhan Open Innovation are posing for a commemorative photo.

[Asia Economy Reporter Kwangho Lee] Shinhan Financial Group announced on the 3rd that it successfully concluded the 'Shinhan Open Innovation 3rd Cohort' program at Shinhan Square Bridge Seoul, a startup incubation platform.

Shinhan Open Innovation is a scale-up program that matches technology-demanding companies in need of innovative ideas and technologies with startups seeking a foothold for business expansion, supporting business linkage and collaboration.

In this 3rd cohort of Shinhan Open Innovation, Boryung Holdings, KT CS, Hite Jinro, Hyundai Glovis, and Hyundai Department Store participated as demand companies. Among a total of 131 technology startups that applied for the program, 26 teams were selected and participated in a 9-week schedule to explore collaboration possibilities with the demand companies.

Shinhan Financial held an online final round event on the 26th of last month, selecting a total of 7 outstanding teams, including 5 collaboration excellence teams by corporate sector and 2 technology excellence teams selected through same-day sales pitches, awarding a total prize of 120 million KRW.

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