KOREA-ASEAN Business Model Competition for SDGs 2020

KOREA-ASEAN Business Model Competition for SDGs 2020

Oct 1, 2020

The First Business Model Competition Has Started

The pandemic period encourages most people and business actors such as SMEs and startups to compete for opportunities to survive. Apart from being aggressively following developments in the trend of public needs, many business actors are starting to move with attention to the conditions and impacts of their businesses on the environment. On a large scale, this movement can encourage the realization of the goals of sustainable development or what is commonly known as SDGs.

Sustainable Development Goals (SDGs) are a global action plan agreed upon by world leaders, including Indonesia, to end poverty, reduce inequality, and protect the environment. The SDGs contain 17 Goals and 169 Targets that are expected to be achieved by 2030.

The collaboration between the Ministry of SMEs and Startups of the Republic of Korea (MSS) and the Ministry of Cooperatives and SMEs of the Republic of Indonesia (KUKM) has officially conducted the “KOREA-ASEAN Business Model Competition 2020 for SDGs”. Running under the ASEM SMEs Eco-Innovation Center (ASEIC), the Green Business Center (GBC) collaborates with the Shinhan Futures Lab to organize competitions that are open to all Korean and Indonesian SMEs and startups as well as ASEAN member countries.

The purpose of this business competition is to promote the campaign of implementing SDGs (Sustainable Development Goals) through potential business model ideas, encouraging SMEs and startups to develop, and providing opportunities for the winners to get investors. The SMEs/Startups from Indonesia, Korea, and ASEAN members who want to participate in this competition need to be legally registered, have been established for less than five years, and have a business model that refers to SDGs points.

The registration period for this competition is opened until November 1st, 2020 (has been extended until 8th 2020), through the link http://bit.ly/KoreaAseanBizcom. Participants will go through three stages of assessments, namely; Document Review for the top 24 selection, Online Screening for the top 10 selection, and mentoring session via Zoom with business experts for two weeks for participants who pass in the Top 10. Participants with the best business models who win this competition are entitled to various benefits and facilities, such as; Certificate of Appreciation from KUKM RI, cash with a total of amount IDR 120,000,000; opportunities to get extensive networking and media to develop their business, opportunities to use co-working spaces, and of course a greater opportunity to get investors.

The implementation of the “Korea-Asean Business Model Competition 2020 for SDGs” is expected to be an event to interact and socialize in the spirit of healthy competition and in an effort to foster and develop Startups/UKM, especially to implement the SDGs. This event is also expected to be an inspiration, and at the same time, motivate business startups to innovate.

For further information about the competition, please contact Ms. Annisa Risfiana

Link to Register : http://bit.ly/KoreaAseanBizcom

For more information please kindly check the link : http://bit.ly/infokorbiz2020

*Registration Deadline has been extended until November 10th, 2020*