SEOUL – The 5th KOREA-ASEAN Business Model Competition for Sustainable Development Goals (SDGs) 2024 is now open for entries, inviting innovative entrepreneurs from Korea and ASEAN countries to present their business models that contribute to a sustainable future. This prestigious event, co-hosted by the Ministry of SMEs and Startups of Korea (MSS Korea) and the Ministry of Cooperatives and SMEs of the Republic of Indonesia (KemenkopUKM RI), is a testament to the collaborative spirit and commitment towards achieving the United Nations’ SDGs.
Since its inception in 2020, the competition has become a cornerstone for startups and SMEs to demonstrate their ingenuity and potential for scalability. It serves as a platform for participants to gain exposure, secure funding, and receive mentorship from industry veterans. The competition fosters a unique environment where entrepreneurs can network with venture capitalists and like-minded individuals, creating opportunities for cross-border partnerships and innovation.
This year’s competition promises to be more dynamic than ever, with hundreds of startups vying for the top prize of $10,000 USD and the chance to receive invaluable guidance from business leaders. The event not only rewards financial incentives but also offers a gateway for startups to connect with global VC investors, opening doors to international markets and potential growth avenues.
The primary objective of the competition is to empower participating startups and SMEs by highlighting business models that align with the SDGs, emphasizing the importance of sustainable economic growth and development. It encourages participants to think creatively about how their businesses can make a positive impact on society and the environment.
Entrepreneurs interested in participating in this transformative event are encouraged to apply by visiting the official competition website at http://linktr.ee/2024bmc before the deadline on 11 September 2024. This is more than a competition; it’s a movement towards a brighter, more sustainable future. (zai)