IBK Industrial Bank Holds Demo Day for Startup Incubation Platform 'IBK ChangGong'

[Asia Economy Reporter Yoo Je-hoon] IBK Industrial Bank of Korea announced that it will hold the 2022 first half IBK Changgong (創工) Demo Day for three days starting from the 24th at the IBK Finance Tower in Euljiro, Seoul.

IBK Changgong is Industrial Bank of Korea's startup incubation platform. This Demo Day is the first event where all four IBK Changgong centers (Mapo, Guro, Busan, Daejeon) participate together. The duration and scale have been expanded to provide more innovative startups with opportunities to discuss investment and collaboration with venture capital (VC) firms and related organizations.

The event will be held over three days, with industry-specific sessions divided as follows: Day 1 for Deep Tech, Day 2 for Platform, and Day 3 for Bio Health, presenting the future and business directions of each industry. Among the startups nurtured in the first half of this year, 40 companies will participate in pitching to introduce new products and services and promote their companies through booth exhibitions. After the event, networking opportunities will be provided for companies seeking new business ventures and investments, as well as VC representatives, to interact with IBK Changgong companies.

Meanwhile, IBK plans to operate the IBK Changgong Metaverse for stakeholders and the general public who find it difficult to attend offline. In the Changgong booths implemented in the metaverse space, visitors can view introduction videos and images of products and services from the 40 participating companies, and can also be connected to the companies' websites or social networking service (SNS) accounts.

An IBK official stated, "As this is the first large-scale online and offline Demo Day held after the easing of COVID-19 quarantine measures, we hope it will be a networking venue where startups, VCs, large and medium-sized enterprises, and related organizations can all win-win together." He added, "We will strengthen IBK's role within the innovative startup ecosystem by expanding support according to the growth stages of startups and diversifying the IBK Changgong operation model in the future."

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