addlight journal 2018.09.06
Root Impact and Korea’s Social Innovation Revival
With 50 coworking spaces and over 100 accelerators, incubators, and innovation centres, the entrepreneurial ecosystem is rapidly expanding in Korea.
A key reason for that expansion is social innovation and impact investing, the deployment of solutions and funds to solve systemic societal and environmental challenges. (Center for Social Innovation)
It turns out that entrepreneurs and investors are not just interested in making dating apps or buying bitcoin; they are also eager to develop solutions—or invest in startups—tackling society’s most-pressing problems.
And when they seek a base from which to launch their projects, they do so increasingly with partners like Root Impact.
Based in Seongsu-dong, an area of Seoul that has been dubbed “social venture valley” due to a concentration of some 200 social innovation entities, Root Impact is at the frontline of Korea’s social innovation revival.