2009 Social Venture Competition Pre-presentation Meeting - May 20,2009

 

Let's give wings to good ideas that brighten society!

The 2009 Social Venture Competition Pre-presentation Meetings:
Held in Seoul and Gangwon Province, Organized by Sector
 

   The pre-presentation meetings of '2009 Social Venture Competition’ were opened to give wings to good ideas that brighten society. Their purpose was to catalyze and promote various ideas for social venture and cultivate the innovative minds of social entrepreneurs. It was operated by the Ministry of Labor, the Work Together Foundation (co-organized by Korea Social Venture Competition (SVCK), Hankyoreh Economic Research Institute, and Haja Center), with support from Small Business Agency, KBS, Donga- Ilbo, and SK. The competition kicked off its public relations at the beginning of May and proceeded in phases to dig out innovative ideas for social ventures and actualize them into business while going through the six local regions, then onto the national competitions. 
  The competition in Seoul and Gangwon province had differentiated its contest by dividing participating groups into youths, graduate (and undergraduate) university students, and finally an adult group in order to encourage participation from those equipped with various interests and ideas.
   The pre-presentation for the adult group was held in the auditorium of the Work Together Foundation at 19:00 on the 15^th of May. LEE Won-Jae, Head of Research at HERI spoke to the theme of "what is the entrepreneurship?” and KIM Chang-Joo, Team Manager of Youth Support Team at the Foundation) gave a presentation about outlines and criteria of the competition, then carried out a question and answer session.
  The application for the competition must be completed on the 25^th of May, and 39 teams (in total) should be selected, with the regional final competition to be carried out on the 30^th of June. The winners would be entitled to participate in the national competition as well as awarded as follows.

 

○ Regional competition of Seoul and Gangwon province

Division	Grand Prize	Prize of Excellence
Graduate (and undergraduate) students	KRW 3 million (US $3,000)  for one team	KRW 1 million (US $1,000)  for three teams
Adult	KRW 3.5 million (US $3,500)  for one team	KRW 1.5million (US $1,500)  for three teams
Youths	KRW 3million (US $3,000)  for one team	KRW 1.5million (US $1,500)  for three teams
All of the winners will be entitled to take part in the national competition (on the 15th of September) and provided with intensive mentorship back-ups (up to KRW 5 million grants) from June to September

 

○ National Competition

Division	First prize	Second prize	Third prize
Idea	Labor Minister's Award, KRW 5 million (USD 5,000)  for one team	KRW 3 million (USD 3,000)  for two teams	KRW 2 million (USD 2,000)  for four teams
Company Start-up	Labor Minister's Award, KRW 30 million (USD 30,000)  for one team	KRW 20 million (USD 20,000)  for two teams	KRW 15million (USD 15,000)  for four teams
- Offer initial expenses and funds for starting-up a company up to KRW 200 million (USD 200,000) - Offer additional support on excellent business items from Small Business Agency and SK

 

 

               

 

 

 

 

Translated by PARK Sang-Oh
Edited by Tyler Hollinger & Marie LEE