BNK Kyongnam Bank Signs "Memorandum of Understanding on Supporting Startups for Productive Finance"

BNK Kyongnam Bank and Gyeongsang National University are taking an active role in supporting local startups to expand productive finance.

Business agreement on supporting startups for productive finance.

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On the 9th, BNK Kyongnam Bank signed a "Memorandum of Understanding on Supporting Startups for Productive Finance" with the Startup Support Group of Gyeongsang National University.

This memorandum of understanding was prepared with the aim of building a support system for the growth of startups based on productive finance through financial and non-financial linkages, and contributing to the creation of an innovative local startup ecosystem.

Under the memorandum of understanding, the two institutions will work together to promote: joint identification and recommendation of outstanding startups; joint cooperation on startup growth support programs; provision of financial services and office infrastructure; activation of networking and information sharing; and linkages for investment and scaling up.

In particular, they will provide basic financial services such as financial consulting and account opening support, as well as non-financial services such as the use of shared offices and meeting spaces owned by the two institutions.

In addition, outstanding startups related to Gyeongsang National University Startup-Centered University, the Regional Innovation-led University Support System (RISE Project), and faculty and student startups will be recommended to the BNK Kyongnam Bank CHAIN-G program, and among the companies participating in the CHAIN-G program, those suitable for university linkage will be connected to Gyeongsang National University startup support projects.

Furthermore, the two institutions will cooperate so that incubated companies can participate with special status in each startup support program’s events, consulting, and open innovation initiatives linked with external partners.

Ku Taegeun, Managing Director at BNK Kyongnam Bank, said, "A sustainable regional innovation model in which universities, startups, and finance are organically connected will serve as an opportunity to generate positive ripple effects across the regional economy. We will put productive finance into practice so that our support goes beyond simple funding and leads to the tangible growth and performance of startups. BNK Kyongnam Bank will continue to accelerate the growth of promising local startups and contribute to building the regional startup ecosystem through cooperation with various startup support institutions."

Choi Byounggeun, Head of the Startup Support Group at Gyeongsang National University, said, "This agreement will provide a new growth engine for local startups by combining the university's startup support capabilities with the capital and infrastructure of a financial institution. Going forward, we will actively identify promising companies through close consultation with BNK Kyongnam Bank and provide tailored support so that they can grow into global companies beyond the region."

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