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After a highly successful run of the program last year, KB Financial Group (KBFG), Korea’s leading financial services provider, and Tenity have decided to continue collaborating in their efforts to facilitate a 3-week acceleration program targeted at Korean startups. The program supports expansion plans to the Singapore market by imparting relevant and practical market insights and strategies to participating startups.
Kicking off the program in late June, startups will attend their first week online, and the other two weeks onsite in Singapore. They can look forward to workshops on value proposition, fundraising insights, regulatory navigation in Southeast Asia, prototyping, validation and many more. Beyond this, startups will also be attending a webinar, facilitated by industry experts, dedicated to analyzing key trends found in a pre-selected Singapore-centric market report. Each week is specifically tailored to combine hands-on learning with personalized coaching (1:1 sessions), designed to adapt to startup needs and the dynamic startup landscape.
Over the years, with strong annual government support of $1 billion for research and innovation efforts, Singapore has consistently ranked within the Top 10 for the Global Innovation Index. They are home to more than 4000 startups with a thriving ecosystem of around 200 accelerators and investors along with more than 400 VC firms. Fintech has even been cited as the industry with the most significant growth in recent years in Singapore, attracting considerable interest and investment.
Julie Choi, Tenity’s partner director and this accelerator’s programs manager, commented: “Singapore is a vibrant and interesting market to explore. We are confident that our accelerator program can help our Korean startups put their best foot forward when delving into such a competitive market.”
Officials from KBFG stated “KB has been collaborating with Tenity on global development of Korean startups since 2023. Based on Tenity's experience and expertise, we plan to continue our cooperation in 2024. It is expected that the Tenity program will be of great help to Korean startups entering the global market.”
KB Financial Group is Korea’s leading financial services provider offering a broad range of financial products and services.
KB Financial Group provides a broad range of financial services and products offered by its 12 fully owned subsidiaries including: KB Kookmin Bank, KB Securities, KB Insurance, KB Kookmin Card, KB Life Insurance, KB Asset Management, KB Capital, KB Real Estate Trust, KB Savings Bank, KB Investment, KB Data Systems and KB Credit Information.