Asan Nanum Foundation Signs Agreement for 'Nonprofit Startup Growth Support' Program

3 Growth-Stage Nonprofit Startups Selected to Prepare for Impact Expansion

On the 22nd, attendees of the Non-Profit Startup Growth Support Program agreement ceremony are taking a group photo.

[Asia Economy Reporter Kim Cheol-hyun] Asan Nanum Foundation (Chairman Han Jung-hwa) announced on the 23rd that it held a signing ceremony for the 'Nonprofit Startup Growth Support' program and signed agreements with the three selected teams.

The Nonprofit Startup Growth Support program is a program by Asan Nanum Foundation that selects and supports newly established nonprofit organizations and groups preparing for rapid growth in their business and organization. Open recruitment was conducted targeting nonprofit organizations within 7 years of establishment, incorporated associations, foundations, social welfare corporations, and social cooperatives. The first support recipients of the program are three teams: Newways, WNC (Double U En C), and the incorporated association Adi.

Asan Nanum Foundation plans to provide various support over the next six months to help them expand their social impact. The selected organizations will receive 50 million KRW in project funds to enable new challenges. In addition, they can receive advice from experts in strategy, digital, and media fields, and support for customized performance measurement for each organization will be provided to help design processes for continuous data collection.

Han Jung-hwa, Chairman of Asan Nanum Foundation, said, "Asan Nanum Foundation felt the passion of nonprofit organizations that want to execute innovation with an entrepreneurial spirit as we launched the Nonprofit Startup Growth Support program for the first time," adding, "We will do our best to help the selected nonprofit startups unfold their potential and grow for a sustainable future society over the next six months."