Pre-“2009 Social Venture Competition” Briefings - Aug. 5 2009

Social Entrepreneurs’ dream comes true, My idea becomes a real business model!
 

Pre-“2009 Social Venture Competition” Briefings 

The Work Together Foundation hosted a briefing session for the ‘2009 Social Venture Competition’ (SVC) on August 3^rd at Haja Center and August 5^th at Work together Foundation.  The briefings were to explain social ventures and social enterprise and to introduce processes, and standards of judging amongst other things. 
 

With more than 100 participants, the rate of participation by social entrepreneurs was comparatively much higher.  Constituents from various backgrounds and professions represented those participating in the briefing.  Amongst those in attendance were individuals from social enterprises, company employees, students, senior and etc.

 

 

 

 
This promotion has created an increased awareness for social venture and the social enterprise. The participants have participate in SVC through channels like a daily newspaper ‘Metro’, Korea Employment Service Centers, Social Entrepreneurs’ Academies, etc.

Each team made questions regarding how to create concrete action plans for SVC, further they prepared questions about how to prepare for the business plan applications. The constituents of this briefing were so fully involved that although the Q&A period had finished, a number of teams stayed behind in order to ask more questions in order to ensure full comprehension of the materials discussed. 

 

 

“2009 Social Venture Competition” Schedule   2009 Social Venture Competition (SVC) is hosted by the Ministry of Labor, and is jointly hosted by the 6 consignment organizations (Work Together Foundation, Social Enterprise Support Network, Hoseo Industrial-Academic Cooperation Foundation, Taegu Institute of social studies, Research institute of Social Enterprise, Business center of Chonnam National University).  Small and Medium-sized Business Administrations such as KBS, Donga Newspaper and SK supported the SVC.  The schedule of the SVC is as follows; 1. Schedule contents date Application 7/27~8/10   1st selection and orientation 8/13~8/18 ‘Progress report’ check Sept. SVNC and Awards Mid Oct.       2. Eligibility and Entry section Section Eligibility Idea Social Venture Regional Contest winners Starting Enterprise Plan to start a social venture or starting social venture which is less than 3 years ※ Starting Enterprise: additional points to the Social Venture Regional Contest winners ※ Other government division winners are not eligible 3. Awards Section 1st Prize (each 1team) 2nd Prize (each 2team) 3rd Prize (each 4team) Idea Ministry of Labor Award, KRW 5,000,000 KRW 3,000,000 KRW 2,000,000 Starting Enterprise Ministry of Labor Award, KRW 30,000,000 KRW 20,000,000 KRW 15,000,000 - Under KRW 20,000,000 business start-up funds available - Additional supporting funds are available from the Small and Medium-sized Business Administration and SK for outstanding ideas ※ In the case that a prize winner for the Starting Enterprise section does not actually start up a business, the amount of the prize will be adjusted to the Idea section prize.   - Intense mentoring will be available for the final selection teams - An extra KRW 30,000,000 is available for business start-up - Additional funds by Small and Medium-sized Business Administrations and SK may be provided for outstanding ideas -Opportunity to enter GSVC as a Korean National Team     4. Judgment standards