Kyobo Life Insurance Recruiting Companies to Participate in 'Impact Up' for Creating Social Value
[Asia Economy Reporter Oh Hyung-gil] Kyobo Life Insurance announced on the 19th that it is recruiting participating companies for the '2021 Let's Add Impact to the World, Up (UP)' program in collaboration with the Life Insurance Social Contribution Committee and the Honghap Valley Foundation until April 11.
This project discovers and nurtures startups that create social value based on information and communication technology (ICT) targeting children and adolescents, and Kyobo Life Insurance has been conducting it since 2018.
This year, startups with digital products and services based on ICT as their core business will be selected to provide growth opportunities and support the creation of new jobs.
The recruitment target is founders and prospective founders who can implement the United Nations (UN) Sustainable Development Goals (SDGs) through ICT and provide products or services for future generations such as children and adolescents.
Kyobo Life Insurance plans to select participating companies in May through a strict process including document evaluation and face-to-face evaluation. Selected companies will receive mentoring programs such as legal affairs, investment, IR, and marketing for one year, as well as education and networking programs including growth hacking, social capital, and business plan writing.
Additionally, co-working space support will be provided, and opportunities to introduce companies to social ventures, social enterprises, and angel investors will be offered through mid-term evaluations and demo days.
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A Kyobo Life Insurance official said, "Impact Up is a social contribution activity that discovers and nurtures startups and provides products and services to socially disadvantaged groups to help beneficiaries' self-growth and promote social development together," adding, "We will strive to create social value for future generations and take the lead in establishing a virtuous cycle ecosystem of impact investment."
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