Women's Family-Friendly Social Enterprise Idea Contest... Until June 19

For prospective entrepreneurs and teams within 2 years of startup
Selecting a total of 4 teams to support with business development funds, etc.

[Asia Economy Reporter Han Jinju] The Ministry of Gender Equality and Family announced on the 8th that it will hold the '2022 Women and Family-Friendly (Preliminary) Social Enterprise Business Idea Contest.'

Since 2012, the Ministry has designated companies with potential to develop into social enterprises in the fields of women, family, and youth?such as supporting career-interrupted women in employment and entrepreneurship, youth independence support, strengthening women's safety and crime prevention, and expanding social participation of multicultural families?as 'Women and Family-Friendly Preliminary Social Enterprises.'

This year marks the 6th time the contest is held, and prospective entrepreneurs, new entrepreneurs, or teams (with less than 2 years of business experience) can participate. Ideas for products and services to be provided through social enterprises can be submitted via email to the Korea Microcredit Exciting Cooperative by June 19.

After screening, four winning teams or individuals will be selected. Winners will receive a certain amount of business development funds and consulting for applying for designation as Women and Family-Friendly Preliminary Social Enterprises. The final results of the contest will be individually notified in July and published on the Ministry's website.

There have been 25 winning teams in past contests, of which 12 teams have received certification as social enterprises or designation as preliminary social enterprises. Last year's grand prize-winning team, 'Iuthada,' which operates a hospital companion matching service, was designated as a Women and Family-Friendly Preliminary Social Enterprise.

Kim Jongmi, Director of the Women's Policy Bureau at the Ministry of Gender Equality and Family, said, "We hope this idea contest will serve as an opportunity for entrepreneurs interested in social enterprises to leap forward as women and family-friendly social enterprises."

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