Kyobo Life Launches 'Impact Up 3rd Cohort' to Discover Education Startups

Kyobo Life Insurance announced on the 28th that it has selected 10 companies for the 3rd class of the '2020 Adding Impact to the World, Up(UP)' program in collaboration with the Life Insurance Social Contribution Committee and the Honghap Valley Foundation.

[Asia Economy Reporter Oh Hyung-gil] Kyobo Life Insurance announced on the 28th that it has selected 10 companies for the 3rd batch of the '2020 Let's Add Impact to the World, Up (UP)' program in collaboration with the Life Insurance Social Contribution Committee and the Honghap Valley Foundation.

This project discovers and nurtures startups that promote innovative businesses in education and other areas for future generations such as children, adolescents, and vulnerable groups. In 2018 and 2019, 5 and 3 companies were selected respectively.

This year, applications were accepted for about a month starting in March, with a competition rate reaching 30 to 1. Through written and face-to-face evaluations, 10 companies were finally selected: 5 startups specialized in the education sector, 2 in the environment sector, and 3 in the welfare sector.

These companies will receive support through a 12-week accelerating program. Support includes coworking space, business investment, education, networking, and mentoring programs.

Cha Kyung-sik, head of the Kyobo Dasom Support Center at Kyobo Life Insurance, said, "The startups selected this time will be able to help the proper growth of future generations through more innovative and effective ideas," adding, "We will provide a great opportunity to grow together with Kyobo Life Insurance."

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