Citypreneurs: Inviting applications for ‘Urban Innovation Challenge’, also known as “Citypreneurs”, a young SDGs startup competition in Seoul for prospective entrepreneurs from around the world interested in solving urban issues in Seoul and achieving the UN’s Sustainable Development Goals (SDGs).

Funding brief:  “Urban Innovation Challenge: CITYPRENEURS” consists of two main components: a startup competition that works in close collaboration with city governments to solve urban problems as defined and measured by the United Nation’s Sustainable Development Goals (UN SDGs), and an inclusive policy interface that brings together academia, the public and private sectors, civil society and international organizations to partake in policy discussions and set up an alliance of youth empowerment enablers.

Urban Innovation Challenge, also known as “Citypreneurs” is a young SDGs startup competition in Seoul for prospective entrepreneurs from around the world interested in solving urban issues in Seoul and achieving the UN’s Sustainable Development Goals (SDGs).

​In 2018, Citypreneurs will take place in Seoul for the second time, tackling the major urban issues with the Seoul metropolitan region.

“URBAN INNOVATION CHALLENGE: CITYPRENEURS” consists of two main components: a startup competition that works in close collaboration with city governments to solve urban problems as defined and measured by the United Nation’s Sustainable Development Goals (UN SDGs), and an inclusive policy interface that brings together academia, the public and private sectors, civil society and international organizations to partake in policy discussions and set up an alliance of youth empowerment enablers.

In 2018, Citypreneurs will take place in Seoul for the second time, tackling the major urban issues with the Seoul metropolitan region.

Seed Track:
Have a groundbreaking idea for a sustainable business?

The Seed track is designed for early stage startups looking for validation of their venture. These startups have much more creative flexibility to focus on urban issues presented by Seoul City agencies. Our program will assist teams from designing a viable business model to cultivating investor relations.

Growth Track:
Looking to scale up with the support of proven investors?

Startups with 3+ years of experience and market-tested prototypes are invited to pitch in the Growth track. Our program will offer sessions to help find ways your solution can solve urban issues, while sharpening your pitch to our partner investors.

Urban issue: Teams will choose one of the following themes to propose a viable business model to solve urban problems

Green Energy
● Production & Consumption of Renewable Energy
● Energy Efficiency
● Energy Storage and Recycling

Urban Mobility
● Traffic and Public Transportation
● Parking
● Urban Bicycles

Social Protection
● Road and Public Facility Safety
● Crime Prevention
● Ageing and Disability
● Cybersecurity
● Income Inequality
● Women and Children

Objectives:
● Urban Impact (SDG 11): generation of businesses that contribute to urban development and general social improvements as measured by the SDGs.
● Start-ups (SDG 8/9): contribution to the urban start-up ecosystem through an interlinked support system involving the international, public, and private sectors.
● SDGs Promotion: public awareness of SDGs raised through a series of event marketing as well as the business success of participating teams.
● Regional Scaling (SDG 17): proliferation of the Urban Innovation Challenge program in the Asia Pacific region through multilateral partnerships and city-to-city policy support.
● Contribution to Global Dialogue: contribution in providing an innovative means of SDG implementation by encouraging youth entrepreneurship and incentivizing impact investment.

Donor Name: Citypreneurs
Funding name: Urban Innovation Challenge

Deadline: 15th, August, 2018

Funding details link: Click to view

Funding limit: Selected teams will have the opportunity to take part in our Citypreneurs Startup Development Program. Created and executed with Young Sustainable Impact, a Norwegian NGO specializing in incubation startups for UN SDGs, the program spans a month during which teams are assigned to a mentor and go through a specially curated business curriculum to refine their business strategy and align their mission within the framework of the SDGs.

Awards for 30 selected Citypreneurs:
● Right to use official CITYPRENEURS branding
● Quality mentoring sessions with public sector officials, private investors, and accelerators
● Participation in Start-up Workshops and Clinics
● Pitching and networking opportunities between participants
● Travel subsidies to teams coming from outside of Seoul
● AI, IoT, Blockchain tech sponsorship opportunity

Winning Teams:
● Total Award of 24 million KRW for Seed Track winners
● Investment Reserve Fund available for Growth Track winners
● Awards from UN High Officials
● Private Demo Day with Business Growth Partners
● Invitation to International Forums and Events
● Publication in domestic/international investment magazines and reports
● Collaborations to secure public contracts with Seoul Metropolitan Government

Special Notes: Please contact with the donor directly for further clarification and understanding.

Project start date: Not found
Project duration: Not found

Eligible organization: As below

Eligibility:
● ‘Urban Innovation Challenge: Citypreneurs’ welcomes anyone with an interest in solving urban issues and implementing the SDGs using innovative business models.

Eligible Country: No country bar found (Open to all regions)

Submission mail: Not found

Other important link:
● Apply: Click to view or Click to view
● FAQ: Click to view

How to apply: Interested applicant may apply through the website (Click to view or Click to view).

Visit all Funding opportunities: Click to view
Visit all funding categories:  Click to view

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