4.3 billion won was provided to 100 start-up companies for 5 years from 2018
The 6th support project contest was completed on August 22, targeting 30 companies, and the project will begin in September
The "MG Hope Sharing Social Growth Support Project" of the Korea Federation of Community Credit Cooperatives is drawing attention as a win-win model for the local community.
The "MG Hope Sharing Social Growth Support Project" is a representative social contribution project of the Korea Federation of Community Credit Cooperatives that discovers and incubates promising start-ups, and has provided a total of 4.3 billion won to about 100 start-ups over the past five years.
In the sixth project, which ended on August 22, a total of 30 companies will be selected in two types: a starter track (10 companies) for early start-ups related to community issues such as regional imbalances and local extinction, and a runner track (20 companies) for growing start-ups participating in solving more social problems.
A total of 1 billion won will be invested in the selected 30 companies during the project period from September to June 2024, providing various growth support programs such as ▲ up to 50 million won in business funding (per company) ▲ professional consulting ▲ promotion and marketing support ▲ sales support.
An official from the Korea Federation of Community Credit Cooperatives said, "We want to contribute to the discovery of future growth engines in the local community by supporting start-up companies with high growth potential," adding, "We will actively engage in win-win and development in the local community through differentiated customized support."