GOOD NEWS FOR SOCIAL ENTREPRENEURS AND STARTUPS IN INDONESIA!
In collaboration with KOICA, instellar is looking for potential startups, innovative businesse, and social enterprises in Indonesia which working to solve environmental-related challenge in Indonesia with innovative business models.Learn more »
King Sejong the Great
King Sejong the Great, (Korean pronunciation: [se(ː)dʑoŋ]; 7 May 1397 – 8 April 1450) was the fourth king of the Joseon dynasty of Korea, placed great emphasis on scholarship and education. He promoted research in the cultural, economic, and political heritage of Korea, and he sponsored many new developments in the areas of science, philosophy, music, and linguistics. He established grants and other forms of government support, to encourage young scholars to devote their time to study. He is also well-known for the creation of the Korean alphabet, Hangul, encouraged advancements of scientific technology, and instituted many other efforts to stabilize and improve prosperity.
Jang Yeong-sil is the greatest scientist and inventor of the Joseon Dynasty. In the 15th century, the Joseon Dynasty became the world’s first nation with the advancement of science, culture, and technology. He was born as a slave but with the remarkable talent and the profound passion for astronomy, he lived during the reign of the open-minded King Sejong the Great (r.1418–1450). Recognized locally for his talents, Jang Yeong-sil was given the opportunity by King Sejong to work in government with remarkable and noticeable achievements.
The Korea International Cooperation Agency (KOICA) was founded as a government agency by the Ministry of Foreign Affairs on April 1, 1991. KOICA has played a critical role in Korea’s Official Development Assistance (ODA) for developing countries by implementing the government's grant aid and technical cooperation programs. KOICA aims to realise sustainable socio-economic development and the eradication of poverty in developing countries, and contribution to global issues related to international development cooperation to harmonise development efforts with those of the international community.
KOICA is sponsoring the creation of King Sejong and Jang Yeong-sil Prize, to provide grant funding (USD 50,000) for each 3 innovative businesses in semi-final phase to implement optimal solutions to tackle the plastic problem in the ocean and environment. Finally, team of panel expert judges will choose one winner to receive USD 200,000 to scale up an innovate project.
Cash prize of USD 50,000 for each 3 semi-finalists, and USD 200,000 for 1 award winner
Potential media and networking opportunities through partner platforms, events, and connection to start-up/social impact communities
Certificate of Recognition for bringing social impact to the community
WHAT ARE WE LOOKING FOR:
Innovative businesses working to solve plastic problem in the ocean and environment.
• Have a proven documented social/environmental impact (quantitative and/or qualitative)
• Have a structured plan to implement a field test in 3 months and submit the results of the project (for 3 semi-finalists)
• Develop a scale up plan for a innovative project in 12 months (for 1 award winner)
DOCUMENTS TO SUBMIT:
• Proposals for the prize (avaliable to download proposal template in the application form)
• Incorporation license in Indonesia (copy)
• 2018 financial statements (income statements and balance sheet)
• Comprehensiveness, Feasibility and Expected Impact (50%)
• Team work and Capacity (50%)