DB Insurance announced on the 20th that it is recruiting participants for the second phase of the social contribution project "Transportation and Environment Challenge 2nd Phase," aimed at discovering and nurturing social venture founders and prospective founders to solve social issues in the transportation and environment sectors, in collaboration with the Korea Productivity Center.

DB Insurance announced on the 20th that it is recruiting participants for the second phase of the social contribution project "Transportation and Environment Challenge 2nd Phase," aimed at discovering and nurturing social venture founders and prospective founders to solve social issues in the transportation and environment sectors, in collaboration with the Korea Productivity Center.

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[Asia Economy Reporter Oh Hyung-gil] DB Insurance announced on the 20th that it is recruiting participants for the social contribution project "Transportation & Environment Challenge 2nd Edition," aimed at discovering and nurturing social venture founders and prospective founders to solve social issues in the transportation and environment sectors in collaboration with the Korea Productivity Center.


Applications are open until May 22, and eligible participants include prospective founders and public interest startups and social ventures established less than seven years ago. Applicants can apply either to the Seed Group, which provides seed money support, or the Growth Group, which offers funding for business scale-up.


The final selected teams will receive business support funds of up to 20 million KRW or 100 million KRW per group, along with 1:1 accelerating support from expert mentors in essential startup competencies such as legal affairs, tax/accounting, and marketing.


Last year, the first Transportation & Environment Challenge saw participation from 134 companies, selecting, supporting, and nurturing five social ventures including Kokiri Gongjang, Boni & Co, Dorothy, Korea Energy Diagnosis Technology Institute, and Somuna, creating various social values.



A DB Insurance official stated, "We have achieved significant results in solving social issues related to transportation and environment, which are closely linked to the non-life insurance industry, while also creating various social values such as job creation," adding, "We will spare no effort to ensure this is not a one-time support but the starting point of genuine social contribution activities that lead to fundamental solutions and changes in social issues."


This content was produced with the assistance of AI translation services.

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