TheVentures Launches Investment Program for Startups Solving Social Issues

[Asia Economy Reporter Kim Heeyoon] The early-stage startup-focused investment firm The Ventures announced on the 20th that it is launching the 'Impact Collective Investment Program.' The Impact Collective is a community-driven investment and accelerating program aimed at discovering and nurturing startups that solve global social issues. It is a program that invests by considering not only corporate profits but also the social and environmental impact of companies.

The Impact Collective program will have general partners in four Asian countries including South Korea, Thailand, Singapore, and Vietnam, and will be conducted simultaneously across Asia from the 25th of this month until the end of November. Up to 100 startups focusing on opportunities in the Asian region will be selected. Additionally, teams participating in this program will be offered investment opportunities totaling $5 million through a dedicated fund called the Impact Collective Fund.

Ho Changseong, CEO of The Ventures, said, "We plan to actively incorporate the collective intelligence of communities and regional experts into the investment process and leverage The Ventures' investment experience. The goal is not a one-time prize or reward-based nurturing program, but to discover startups with social impact and connect them with mission-driven investors to support continuous investment and growth of startups."

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