Shinhan Financial Group announced on December 17 that it had become the first Asian financial company to be honored in the Open Innovation Challenger category of the Corporate Startup Stars Awards (CSS Awards).
The CSS Awards are a prestigious annual award launched as part of the European Commission’s Startup Europe partnership initiative in 2016 in recognition of the most active companies in the world working with startups and identifying global best practices in collaboration between companies and startups.
The nomination process went global in 2020 thanks to a consolidated partnership between Mind the Bridge and the International Chamber of Commerce (ICC). The awards recognize 50 global companies each year – 25 as Global Corporate Startup Stars and 25 as Global Open Innovation Challengers.
Shinhan Financial Group was recognized as a Global Open Innovation Challenger for its efforts to manage Shinhan Square Bridge, the group’s startup development platform, and to support exchanges between large domestic companies and startups through various programs. open innovation.
“Shinhan Financial Group has made continuous efforts to create a startup ecosystem, and its hard work has been recognized,” said a Shinhan Financial Group official. “We will do our best to systematically encourage and cooperate with startups. “
Meanwhile, Shinhan Financial Group operates Shinhan Square Bridge, a platform for growing innovation startups, in major cities nationwide, including Seoul, Incheon, and Jeju, as part of the medium-sized innovation finance plan. and long-term Project Triple-K since 2019, and help the global expansion of startups and their growth in Korean unicorn companies.