Seongbuk-gu Youth Social Venture Innovation Competition Grand Prize Awarded to 'PpyeoChonggak Team'

Providing 3 Weeks of Professional Training and Consulting to 6 Recruiting Teams... Final Selection of 4 Teams with Up to 10 Million KRW Business Development Funding

[Asia Economy Reporter Park Jong-il] Seongbuk-gu (Mayor Lee Seung-ro) held the "Youth Social Venture Innovation Competition" on the 11th at 2 PM in the Seongbuk Art Hall on the 4th floor of Seongbuk-gu Office to help talented young people realize their dreams in the social economy sector.

The "Youth Social Venture Innovation Competition," planned and promoted for the first time this year, solicits fresh and capable ideas from young people, discovers business models that innovatively solve social problems, and supports youth startups to contribute to revitalizing the local economy.

Six teams participating in this competition were selected through the first document screening and received specialized education and professional consulting on business plans for three weeks in June, focusing on understanding the social economy, social venture startups, and lean startups.

As a result of the competition, four teams were honored with awards. The winners are the Grand Prize (Ppyeo Chonggak Team), Excellence Award (Vegan Saenghwal Yeonguso Team), and Encouragement Awards (Heart to Heart Team, Sodaran Team), receiving up to 10 million KRW in business development funds.

Mayor Lee Seung-ro said, "I send warm applause to the passion and efforts of both the winners and participants, and I hope this Youth Social Venture Innovation Competition will serve as a catalyst for developing youth startup models and nurturing young entrepreneurs who will innovatively solve social problems."

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