Discovering and Supporting Projects Solving Social Issues Through Technology
Brian Impact Foundation, a public interest foundation established by Kakao founder Kim Beom-su, announced the 30 project teams finally selected for 'Side Impact' Round 1 on the 6th. The selected 30 projects will receive a total prize of 220 million KRW.
Side Impact is a platform that discovers and supports projects that solve social problems using technology. A beta round was held last year, and this year it continued as an official round.
The Brian Impact Foundation held the 'Side Impact Agreement Ceremony' to announce the 30 project teams that were finally selected for Round 1 of 'Side Impact.' Photo by Brian Impact
Side Impact is a community-based impact challenge. The final selected teams are decided through peer evaluation and voting by the 'Side Impact Community,' including participating teams. The Side Impact projects selected by peer votes consist of 10 teams in the 'Impact Track' and 20 teams in the 'Spark Track.' Teams selected for the Impact Track receive 12 million KRW per team, and teams selected for the Spark Track receive 5 million KRW per team from Brian Impact, respectively.
In Side Impact Round 1, the Spark Track was newly established to allow various projects to participate. Teams that have officially launched their service or product and are actively operating are eligible for the Impact Track, while teams that have not officially launched their service but have implemented a minimum viable product (MVP) or prototype to solve social problems are eligible for the Spark Track.
This year, the number of projects using artificial intelligence (AI) technology increased significantly. Compared to 8 projects utilizing AI in last year's beta round, 40 teams submitted AI-based projects in this year's Round 1. About half of the 88 teams participating in the official evaluation used AI.
Yoo Seung-won, Project Director of Brian Impact, said, "We will continue to create an enjoyable impact challenge that helps not only the selected projects but all projects participating in this journey."
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