Recruitment for Social Venture Competition Participants... "An Opportunity to Solve COVID-19 Social Issues"

[Asia Economy Reporter Kim Bo-kyung] The Ministry of Employment and Labor and the Korea Social Enterprise Promotion Agency have begun recruiting participants for the '2020 Social Venture Competition,' which seeks social economy ideas that creatively solve social problems.

About 30 ideas will be selected through a three-stage screening process across four categories: youth, university students, general, and global. A total prize of 200 million KRW and certificates will be awarded.

In particular, this year is expected to serve as an opportunity to consider new approaches and social values to solve social problems caused by the novel coronavirus disease (COVID-19).

The Social Enterprise Promotion Agency supports participants in strengthening their capabilities as changemakers through startup education and mentoring, and links competition winners to the social entrepreneur development project to support commercialization.

Additionally, eight local governments participate to discover regional participants with outstanding ideas during the regional competitions and award local government prizes. KOICA and KOTRA collaborate to support overseas expansion and promote startups in the field of international development cooperation.

Participation in the competition is possible through the online application page (www.2020svc.com) until July 13. Detailed information can be found on the Social Enterprise Promotion Agency website (www.socialenterprise.or.kr) under announcements.

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