Kyobo Life Insurance Discovers 6 Startups in 'InnoStage ON'

Orwell Health, Green Ribbon, Story City, and Other Selected Startups
Promote Collaboration Between Startups and Operational Departments

[Asia Economy Reporter Kwangho Lee] Kyobo Life Insurance announced on the 29th that its open innovation program ‘InnoStage ON,’ which has discovered and nurtured promising startups such as Jejemimi and Baby Village, has been converted into a continuous program for collaboration with operational departments and selected a total of six startups.

The ‘InnoStage ON’ program will, starting this year, actively involve Kyobo Life Insurance’s operational department personnel from the selection process to ensure practical collaboration with startups can be achieved in a short period. Each department will assign a dedicated manager for the three-month program period. Furthermore, the selected startups will receive up to approximately 60 million KRW in collaboration support funds, collaboration spaces, and one-on-one mentoring from Krypton, a partner company of InnoStage, to support not only collaboration but also the startups’ independent growth.

The startups selected to collaborate with the Digital Integration TF department are ▲Owell Health (B2B AI-based personalized mental healthcare), ▲Green Ribbon (integrated information provision on unclaimed insurance money), and ▲Story City (AI-powered domestic travel concierge service).

For collaboration on the MyData business with the Financial MyData team, the selected startups are ▲Enable Daon Soft (communication platform for soldiers and their families) and ▲Nutrition Code (customized nutrition management based on blood tests). Additionally, ▲Norrispace, which develops an automated insurance claim review solution according to the Marketing Planning team’s needs, was also selected to collaborate with the team for three months.

Kyobo Life Insurance Open Innovation Team’s Deputy General Manager Youngbaek Kwon, who is in charge of this program, stated, “Starting this year, the newly launched program under the name InnoStage ON will provide more opportunities to startups wishing to collaborate, and as the first step, we have selected six teams.” He added, “We hope that the results of the three-month collaboration will be successful and that more startups will dream of growth in mutual prosperity with Kyobo through InnoStage ON.”

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