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Cigarette maker KT&G is offering 3 billion won ($2.65 million) to help fund young entrepreneurs creating social enterprises, according to the company Tuesday.
KT&G signed an agreement Tuesday with Social Sustainability Bank and Underdogs to start the fund.
The company will be recruiting participants through Sept. 20 on the project’s website (www.ktngstartupcamp.com), with informational sessions on Sept. 13 and 15. The chosen entrepreneurs will take part in a 14-week training program, and receive coaching and mentoring.
The top team will receive 30 billion won in startup funds, a chance to travel abroad for benchmarking and financial support in leasing office space.
By Won Ho-jung (hjwon@heraldcorp.com)
