Press

Underdogs is recruiting startups to participate in the 'Urban Problem-Solving Social Venture Boosting Program' in collaboration with the Seoul Metropolitan Government. The 'Urban Problem-Solving Social Venture' refers to startups with technology, products, and services that address various urban issues such as housing, employment, transportation, economy, environment, and health.

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All 'Urban Problem-Solving Social Ventures' established in Seoul less than 7 years ago are eligible to apply. The program was designed as part of the 'Seoul Metropolitan Government's Public-Private Collaboration Support Project for Social Venture Development.'

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Selected companies will receive customized support across three areas: performance management boosting, business model enhancement boosting, and follow-up investment boosting. These include capability-strengthening education by field, close coaching systems with experts, mentoring and networking from veteran entrepreneurs, free provision of facilities and infrastructure, follow-up investment support, and opportunities to pitch at large-scale demo days.

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The program will actively provide practical performance outcomes through weekly 'Lunch with Booster' sessions where companies check business results with veteran entrepreneurs and field experts. The 16-week program runs from August 22 to December 12 and is currently accepting applications until August 12.

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Plans call for selecting 5-6 startups in August following document review and interviews. Applications can be submitted through the Underdogs website. Na Hye-won, Director of Underdogs, stated, "Based on Underdogs' strength in close coaching, we plan to provide practical support necessary for the growth of each social venture.

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We hope many social ventures striving to boost their business will apply."