Shinhan Financial Group Holds 1st Anniversary Performance Sharing Event for 'Shinhan Square Bridge Incheon'

[Asia Economy Reporter Kwangho Lee] Shinhan Financial Group announced on the 25th that it held the '2021 Members Day' to share the achievements of the past year at 'Shinhan Square Bridge Incheon,' a startup incubation platform located in Songdo, Incheon.

Shinhan Square Bridge Incheon is a one-stop incubation platform that provides various programs such as nurturing, investment, and global expansion for startups in the deep tech, bio, healthcare, and smart city sectors.

Since the launch of the first cohort in November last year, it has supported incubation, acceleration, global expansion programs, and IR consulting for a total of 108 startups. Among the selected companies, 51 companies, accounting for 50%, successfully attracted a total investment of 70.5 billion KRW, and the corporate value grew by an average of 66% compared to the time of selection.

In particular, companies selected for the global track are striving for global expansion by establishing 23 overseas subsidiaries in 11 countries, attracting 27.4 billion KRW in overseas investment, and signing 37 global business agreements. In October this year, six overseas startups were selected as member companies to support their entry into the domestic market.

A Shinhan Financial Group official said, "Based on our operational experience so far, we will continue to provide excellent programs that help startups grow," adding, "We will do our best to make Shinhan Square Bridge Incheon a hub for global startups so that Korean startups can grow into global unicorns."

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