Sampyo Group Launches Support for Social Venture Development... Supports 'Sampyo Collaborative Innovation Award'

Money Guard Service and BLF Receive Co-Innovation Award
Each Company Supported with 5 Million Won for Business Development

Sampyo Group has taken steps to foster and support social ventures.

Scenes from the 8th Seoul Forest Social Venture Expo (EXPO) Social Venture Innovation Competition held from the 11th to the 13th in Seongsu-dong, Seongdong-gu, Seoul, around the Understand Avenue area.
[Photo by Sampyo Group]

Sampyo Group announced on the 14th that Money Guard Service (Start-up category) and BLF (Scale-up category) received the Sampyo Co-Innovation Award at the 8th Seoul Forest Social Venture Expo held from the 11th to 13th in the Seongsu-dong Understand Avenue area, Seongdong-gu, Seoul.

Money Guard Service developed a monthly rent management solution, and BLF built an AI-based personalized domestic education information system. Sampyo Group will support each company with 5 million KRW in business development funds.

The Social Venture Innovation Competition is the largest nationwide social venture festival aimed at discovering promising companies and supporting their growth through business development funding and investment linkage. Social ventures are companies that solve social problems based on innovative technologies or business models. They must be recognized by the Ministry of SMEs and Startups for social performance and innovative growth to qualify.

Yoo Yong-jae, head of Sampyo Group’s social contribution team, said, “Social venture companies pursuing both social and economic value are becoming a key pillar of the startup ecosystem,” adding, “We will continue to actively support the social venture ecosystem to help it become more vibrant.”

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