Credicorp is recognized in the Corporate Startup Stars Awards 2024

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El Credicorp Group, through its Corporate Venture Capital Krealo, has once again been recognized in the prestigious Corporate Startup Stars Awards 2024, organized by the International Chamber of Commerce (ICC) and Mind the Bridge. This recognition highlights the group's commitment to open innovation and effective collaboration with startups.

”At Krealo we seek to generate value in a comprehensive way in the companies in which we invest and awards like this, which we receive with great pride, show us that we are on the right path, while reaffirming our commitment to the development of a robust and dynamic entrepreneurial ecosystem, especially in the Andean region”, he said Adolfo Vinatea, CEO of Krealo.

The purpose of the awards is to promote collaborations between corporations and startups worldwide, showing success stories and celebrating role models and best practices in open innovation. By rewarding the best corporations in this area, the Corporate Startup Stars Awards seek to promote a virtuous cycle in which each participant positively influences others.

“Krealo, Credicorp's Corporate Venture Capital, plays a fundamental role in the advancement of financial services sectors in Colombia, Chile and Peru. With more than 10 strategic investments, including the Chilean startup Shinkansen, which specializes in automating commercial transactions through API integration, Krealo goes beyond financing by taking advantage of its strong ties with Credicorp to drive growth and innovation within the LATAM fintech ecosystem“, commented Alberto Onetti, President of Mind the Bridge.

The Corporate Startup Stars are an annual recognition of best practices and role models in innovation, launched in 2016 under the European Commission's Startup Europe Partnership initiative. Later, Mind the Bridge, in partnership with the ICC, expanded these awards globally, recognizing the best companies in the world in open innovation and collaboration between corporations and startups.

During the ninth edition of the awards, held in Paris, the 100 leading international companies in collaboration with startups were announced. The 2024 edition included representation from 30 countries, with a 5% participation from Latin America.

John W.H. Denton AO, Secretary General of the International Chamber of Commerce, highlighted that innovation is a key driver of economic growth, and these awards exemplify the power of collaboration between corporations and startups, in addition to the importance of fostering entrepreneurial ecosystems.