The '2024 Startup Innovation Space Company Builder Support Project' hosted by Gyeonggi Economic Science Promotion Agency (hereinafter referred to as the Gyeonggi Agency) and organized by The Innovators (hereinafter referred to as The Innovators) has been concluded. Save the Farms, which participated in this project, announced on the 14th that it achieved results by winning the grand prize in the ESG social value category.
This support project is a close-knit early-stage startup support program designed to revitalize the startup ecosystem in Gyeonggi Province, and will be operated for approximately 6 months from June to December 2024. 40 promising startups that have been in business for less than a year were selected and participated in a 12-week intensive acceleration program, and various practical programs were carried out, focusing on technological advancement, business model maintenance, and investment linkage.
Save the Farms is an ESG startup that contributes to resource circulation and environmental protection based on upcycling technology utilizing organic waste (food waste, food by-products, etc.). Through this program, it has achieved results in refining the sustainability and social value of its business model.
In particular, the social value-centered business direction received attention through expert mentoring, specialized education, IR pitching, etc., and won the grand prize in the ESG social value category at the final performance report meeting. In addition, it successfully attracted initial investment of approximately 30 million won during the business period, securing a foundation for growth.
Save the Farms CEO Hwang In-su said, “This program was a meaningful experience in that it verified our company’s direction and social impact,” and added, “We will continue to grow as a company that creates sustainable value and contributes to solving environmental problems.”
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