Kyobo Life Insurance Recruiting Participant Companies for the 5th Batch of the '2022 Impact Up' Project

[Asia Economy Reporter Changhwan Lee] Kyobo Life Insurance announced on the 29th that it is recruiting participating companies for the '2022 Let's Add Impact to the World, Up (UP)' (hereinafter Impact UP) project in collaboration with the Life Insurance Social Contribution Committee and the Honghap Valley Foundation.

'Impact UP' is a project that discovers and nurtures startups creating social value based on information and communication technology (ICT) targeting vulnerable future generations such as children and adolescents.

Since 2018, Kyobo Life Insurance has partnered with Honghap Valley to carry out the 'Impact UP Project,' a new social contribution model combined with digital technology. Over the past four years, it has discovered 426 impact companies, ultimately nurturing 18 companies, and directly invested in or supported connections for 15 of these companies.

This year, startups with business models and innovations in the ESG (Environmental, Social, Governance) field will be selected to provide growth opportunities and support the creation of new jobs.

The recruitment target is founders and prospective founders who can provide products or services that create value in the ESG field through ICT-based startup ideas. Applications can be submitted on the 'Honghap Valley Accelerator Homepage' until the 29th of next month.

Kyobo Life Insurance plans to select participating companies in May through a rigorous process including document and face-to-face evaluations.

Selected companies will receive acceleration programs such as education, mentoring, and networking, along with support for coworking spaces and business expenses. Additionally, benefits such as direct investment, investment linkage, and overseas expansion support will be provided through mid-term evaluations and demo days.

Cha Kyung-sik, head of the Kyobo Dasomi Support Center, said, "Impact UP is a social contribution activity that discovers and nurtures startups and provides products and services to socially disadvantaged groups, helping beneficiaries' self-growth and social development together. Through this, we will strive to create social value for future generations and take the lead in establishing a virtuous cycle ecosystem of impact investment."

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