Korea Social Investment-Korea Electric Power Corporation, ‘full-scale’ accelerating Able Tech startup that helps the disabled and the elderly
Korea Social Investment and Korea Electric Power Corporation (KEPCO) will start investing in and nurturing social economic organizations that help the disabled and the elderly.
Korea Social Investment recently held a kick-off workshop for the ‘KEPCO Able Tech Social Economy Organization Innovation Solution Growth Support Project’ with Korea Electric Power Corporation. On the 11th, about 20 people attended the kick-off workshop at Seoul Innovation Park (located in Eunpyeong-gu), including officials from Korea Electric Power Corporation and Korea Social Investment, and representatives of supporting companies. At this meeting, a total of 100 million won in business support was delivered along with the introduction of detailed programs, and presentations were made by each team.
The 'KEPCO Able Tech Social Economy Organization Innovation Solution Growth Support Project', in collaboration with Korea Electric Power Corporation and Korea Social Investment, is a social economy that improves the physical discomfort of the disabled, the elderly, etc. with innovative technology, improves living convenience, or innovates the medical rehabilitation field. It is an accelerating program that supports the business growth of an organization. Last month, a total of 10 teams were finally selected, including Huca System, Pixelo, Kangsters, Hanmac Medical, I&I Solution, Caring Dream, SM Planet, bluereo, Lazen, and Haru Haru Movement Lab.
For participating teams, 1:1 management diagnosis, mentoring in specialized fields, IR pitching coaching and IR consulting (individual deck consulting, deck writing workshop), media coverage and social media promotion support, team office hour, social value management, investment Incentive linkage will be provided, and direct investment will be made to one team.
Lee Jong-ik, CEO of Korea Social Investment, said, "As ESG management has recently emerged, not only quantitative welfare but also qualitative welfare are attracting great attention."
Meanwhile, Korea Social Investment is an impact investment company and accelerator established in 2012, providing management consulting, investment, and accelerator for all business organizations that solve social problems. Since its establishment, it has provided financial support and management consulting worth about KRW 70 billion to date, and has been sponsored by Seoul Metropolitan Government, Woori Bank, Kyobo Life Insurance, IBK Industrial Bank of Korea, Korea Electric Power Corporation, and MetLife Life Insurance Social Contribution Foundation.