TOP

See the Impact,
Sail to Innovation

—30.06.2022

King Sejong and Jang Yeong-sil Prize

100K
USD

We are looking for impact start-ups in Vietnam that will take a leap beyond Vietnam to global, to achieve great innovation by solving emerging social problems through business.

Impact Challenge At SEA is a competition to discover and invest in promising impact start-ups in Vietnam that propose climate solutions or promote the transition towards a digital economy.

Apply to IMPACT CHALLENGE AT SEA right now,
the starting point to develop your business.

DOWNLOAD BROCHURE

THEME

IMPACT START-UP THAT:
●CONTRIBUTES TO SOLVING ENVIRONMENTAL PROBLEMS OR
●RUNNING A BUSINESS RELATED TO DIGITAL TECHNOLOGY

GREEN

DIGITAL

ELIGIBILITY

Vietnam-based Impact Start-up that engaged with ● green or ● digital Themes.

● Teams that are currently in their early stages (Seed ~ Pre-A) and are seeking to enter a new market or expand their business.
● Start-up teams in their idea stage are also eligible to apply.
● However, if a corporation has already been established or sales have occurred, additional points will be given during evaluation.
•The CEO must be a Vietnamese national, and the main business area ( where the business is being conducted or scheduled) should include Vietnam.
•In order to be selected as an investee company, establishment of a Vietnamese corporation(end of November) and Singapore corporation(immediately before investment) is required.
•Details of Benefits will differ according to the selection stage.

Awards & Benefits

  • Total Prize 100K USD
  • • Final winner : $50,000 (1team)
    • The second winner : $20,000 (1team)
    • The rest of TOP 10 : $2,500 (8teams)
    • Additional 10 teams : $1,000 (10teams)

  • Investment and Additional Prize 500K USD
  • • Among TOP 2, Final 1 team will be selected as an investee company through evaluation
    (*There may be no selection if there are no suitable candidates.)
    • Maximum Investment 400K USD
    • Maximum additional Prize 100K USD

  • Accelerating Programs
  • • Online accelerating training content on business operation and social value creation
    • Mentoring for developing business model

  • Impact Measurement Program
  • • Workshops and education on measuring and managing social value
    • Self-disclosure website that team/company can self measure and report the social impact.

  • Partnership & Cooperation Opportunities
  • • Partnership and cooperation opportunities for ESG open innovation with large corporation in Korea
    • Support technology transfer of Korean social ventures and joint venture business development with participants

  • Follow-Up Investment
  • • Possible opportunity for follow-up investment in cooperation with domestic and foreign impact investors

    SCROLL

    ROUND1

    Document Screening

    TOP 20 will be selected from ROUND1.

    TOP 20

    Left 10Teams
    get 1,000USD

    ROUND2

    Interview

    Among TOP20, 10Teams will be selected in ROUND2.

    TOP 10

    Left 8Teams
    get 2,500USD

    ROUND3

    IR Pitching

    Among TOP10, Only 2 Teams will be selected in ROUND3.

    TOP 2

    Left 1Team
    get 20KUSD

    Final
    ROUND

    TOP 1

    1Team
    get 50KUSD

    Investee Company

    1team
    Selected among TOP2

    Benefit• Investment 400KUSD
    • Additional Prize 100KUSD
    • Impact Reporting Service

    2022 TIMELINE

    Application Period

    June 1 - June 30

    ROUND 1

    Document screening

    July 14

    ROUND 2

    Interview(*Online)

    July 21

    ROUND 3

    IR Pitching Competition

    August 10

    Accelerating Program for Top2

    (3months)

    Final Round

    November

    Investment & Additional Prize of 500K USD

    (Maximum)

    1st half of 2023

    The schedule may be subject to change.

    For more information, please check the FAQ Page.

    If you can’t find what you’re looking for, please contact us at info@impactchallengeatsea.com.

    ABOUT

    Impact Challenge At SEA is an impact start-up discovery and investment program operated in cooperation with Korea International Cooperation Agency, investment companies, accelerators, corporations, and non-profit organizations. By forming a cooperative network between various domestic/foreign institutions and large corporations, we will support various cooperation linkages and attract follow-up investment to start-ups participating in this program.

    CO-HOST

    Impact Square is an impact start-up accelerator based on the vision that ‘great businesses are recognized when the social values are fully combined with business models.’


    Discovers, nurtures, and develops impact businesses

    Since 2014, Impact Square has provided accelerating services to 300 impact start-ups, and has invested in 45 impact start-ups. The main strategy of Impact Square is to bridge impact start-ups’ solutions and large corporations to ensure impact start-ups’ sustainable management focusing on their specific action plans. Also, Impact Square carries out professional measurement and evaluation of social values through ‘Impactology’, a company-affiliated research institute.

    Nextrans is an investment attraction consulting firm that seeks to change the world and form a global network of entrepreneurs with passion and technology. It aims to maximize corporate capabilities by connecting the large corporations to startups around the world that need resources such as preparation for investment, network, and business connection.


    Expertise in Investments in Vietnam

    Since 2004, Nextrans has supported about 100 startups and has been investing in the Vietnamese market since 2015. Recently, Nextrans has created and invested in a fund worth $8million in Vietnam and has invested in about 25 Vietnamese companies so far.

    MerryYear International(MYI) is an Non-Governmental Organization specialized in social economy, agriculture and microcredit sectors.


    Working in the Mekong Delta area

    Since 2011, MYI has been working in Mekong Delta area to support vulnerable people, small shop owners and government officers.
    Based on the endeavor, MYI could aggregate over $500,000 funds with local people.

    ADVISOR

    Hyunmyung, DHO
    (CEO/Founder, IMPACT SQUARE)

    Sangmin, HONG
    (CEO, NEXTRANS)

    Seung-Ho, CHAE
    (Director/Partner, NEXTRANS)

    Kyungsun, Chung
    (Co-Founder & Managing Partner, The Sylvan Group)

    Le Ha
    (Director, FTU Innovation and Incubation Space)

    Giang T.Phi
    (Director, VIN University Entrepreneurship Lab)

    Truong Thi Nam Thang
    (Director, NEU Center for Social Innovation and Entrepreneurship)

    Daehyun, KIM
    (Partner, THE VENTURES)

    WE ARE WAITING FOR YOUR APPLICATION!