IBK Industrial Bank Launches 'IBK Changgong' European Accelerating Program... 8 Companies Selected
Innovative and Venture Startups Aspiring to Enter Europe
Local Support Programs in Germany Including Investment IR and Demo Day
IBK Industrial Bank announced on the 18th that it will officially launch the IBK Changgong Europe Accelerating Program.
To participate in this program, eight innovative and venture startups ▲LudaCure ▲ALD Solution ▲EverIndus ▲OysterAble ▲Tyroscope ▲Tilda ▲FirstLab ▲PlayLegend were finally selected through evaluations by local German government officials, research institutions, and accelerators (AC).
The selected companies will begin preliminary preparations for overseas expansion through a three-week domestic program that includes company diagnosis, setting local business goals (KPI), and one-on-one consulting with local experts. Afterwards, they will participate in a local nurturing program in Germany for about a week, which includes investment attraction IR, demo day, and networking with partner organizations.
The ‘IBK Changgong Europe Accelerating Program Kickoff Day’ event was held at the IBK Changgong Mapo Center, attended by about 30 people including participating companies and KIST Europe officials.
An IBK Industrial Bank official stated, “We expect this to be a valuable opportunity to promote IBK Changgong companies in Europe,” and added, “We will actively support domestic companies with excellent technology and products to create new business opportunities in overseas markets.”
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Meanwhile, IBK Industrial Bank established the ‘IBK Changgong Silicon Valley Desk’ last September and plans to regularize the Europe Accelerating Program to continuously provide overseas expansion opportunities for promising domestic startups.
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