Financial Services Commission Awards Outstanding Startup-Financial Institution Collaboration Cases

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The Financial Services Commission announced that on October 31, Chairman Lee Eogwon attended the Startup Open Innovation Awards Ceremony organized by D.CAMP (Banks Foundation for Young Entrepreneurs) at Front1 in Mapo, Seoul, where he presented the Chairman's Award to outstanding cases of collaboration between startups and financial institutions.

Since its establishment in 2013, D.CAMP has held the Demo Day (d.day) event annually to discover early-stage startups. This year, the event was held in the form of open innovation to create follow-up connection opportunities for the practical growth of early-stage startups.

Out of 59 startups that applied through the public contest by October 10, five companies-Namdo Market, Ames, BigTechPlus, Antalk, and ReturnZero-were selected as presenters through a preliminary review. The on-site judges and audience focused on evaluating the business achievements of the startups and financial institutions, the potential for expansion into other financial sectors, and the possibilities for follow-up support such as investment and collaboration.

The winning companies will receive workshop support worth up to 5 million won, as well as opportunities to be selected for the D.CAMP batch program, receive follow-up investments, and obtain PoC (Proof of Concept) support from partner organizations.

An official from the Financial Services Commission stated, "We are continuously engaging in on-site communication with ventures and startups to support productive finance that underpins the real growth of our economy," and emphasized, "We will continue to actively create opportunities for cooperation between financial institutions and startups so that the financial sector can provide strong support for these efforts."

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