Impact Square started its main account investment in 2014 and has been making it directly in impact start-ups in the early stage. Also it has formed and operated a total of KRW 20 billion fund and has invested in 50 impact start-ups so far.
Impact Square invests in Seed – Pre-A stage impact start-ups that create clear social value and can grow and influence many people in the long term and help them grow.
Impact Square’s portfolio companies are composed of start-ups that present business solutions for various social issue areas such as waste, carbon emissions, and income inequality.
As a government-registered accelerator, Impact Square has its own specialized business promotion system and contents, and it has provided consulting and accelerating programs to about 400 companies. Also it has cooperated with large enterprises in Korea and taken part in ESG strategies of them such as SK, LOTTE, CJ and Hyosung.
Impact Square is expertised in linking impact start-ups and large enterprises. It develops open innovation projects and joint businesses of impact start-ups and large enterprises or government agencies that try to lead the ESG agendas.
By connecting large enterprises and impact start-ups, for large enterprises, it provides opportunities to find suitable impact start-ups that allow them to integrate ESG factors into their management through open innovation, and for impact start-ups, to collaborate with large enterprises.
As the first and the oldest professional business entity to provide impact measurement services in Korean impact business ecosystem, Impact Square established IMPACTOLOGY, the Impact Research Center of Impact Square, and it has conducted various projects to measure and evaluate social value.
Impact Square has driven the agenda in Korea by launching Korea’s first online impact measurement service, or developing standards and systems in cooperation with the Ministry of SMEs and Startups to set up national basic data for social value measurement.
Also, Impact Square is the only participant in Korea in IMP’s Practitioner Community, which has established itself as a global impact reporting standard.
Impact Square has been managing various infrastructures for impact ecosystem and community. It is operating co-working spaces and community shared spaces in Seoul, and also a business incubating space for local entrepreneurs.