SK Hynix Hosts 2nd Startup Idea Contest for Solving Social Issues

"I Will Help Realize Ideas Dreaming of a Happy World"

[Asia Economy Reporter Park Sun-mi] SK Hynix announced on the 26th that it will hold the 2nd "Social Problem Solving Startup Idea Contest."

The goal of this contest is to discover creative ideas to solve various problems in our society and support their productization and commercialization, contributing to a better world and a society that grows together.

A "Social Problem Solving Startup Incubating Center (tentative name)" will also be established to support the realization of the winning ideas. The center will help develop winning ideas into products and businesses through joint projects with industry and partners, support domestic and international patent registration, and provide opportunities to participate in the early-stage 3rd screening of the L&S Venture Capital investment fund.

Applications for this contest will be accepted from 8:00 AM on May 2nd until 12:00 PM on June 6th. Those wishing to participate can submit the required documents, including the application form and idea proposal, on the SV contest site within DBL Square. Any individual or team (up to 4 members) with South Korean nationality can participate.

After submission, the first round will be a document review, followed by a second round of presentations. The winners will be announced on August 26th. Judging criteria include creativity, social value creation, and feasibility. Additional points will be awarded if the idea is based on ICT and semiconductor technology and has a high potential for collaboration with SK Hynix.

Meanwhile, the 1st contest held last year received a total of 580 ideas. After a rigorous review, a total of five teams were awarded prizes: one grand prize, one excellence award, one merit award, and two encouragement awards, with total prize money of 150 million KRW.

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