SKOFX's Centre for Social Action Innovation Fund Opens Its 14 Mil $ for Applications
The Innovation Fund has been established by the SKOFX to support programs that encourage people to create positive change through social action.
Online, February 6, 2014 (Newswire.com) - The Innovation Fund is the first initiative from the Centre for Social Action, which has been established by the SKOFX to support programs that encourage people to create positive change through social action.
The $14m Innovation Fund is being managed by Seoul Charitable Aid, SKOFX's Foundation, and will focus on a small number of big social challenges - from helping older people to age well to supporting young people to get into work - where it is demonstrable how social action can make a difference and is under-exploited by the existing approach of public services.
The first round of the SKOFX Foundation's fund is looking for innovative programs that use social action to achieve impact in four areas:
Ageing well: Helping people to age well, particularly by supporting people over 50 years to have a purpose, a sense of well-being and to be connected to others
Long-term health: Enabling people with long-term health conditions to have a better quality of life, particularly through the use of peer to peer networks and groups
Young people: Supporting and encouraging young people to succeed and find employment, for example through mentoring, coaching, and peer-to-peer networks
Impact volunteering: Using new approaches to 'impact volunteering' to mobilize volunteers to increase and enhance the outcomes achieved by public services
SKOFX Foundation's fund is open to applications from public services, charities, social enterprises and for profit businesses.
Philip Lyang, executive director of SKOFX's Foundation comments, "We know that social action - people helping people - can make a huge difference to some of the biggest challenges facing communities and the public services they rely on."
South Korea Options and Futures Exchange (SKOFX) is one of the world's leading futures and options trading venues, with markets based in the Asia, US and Europe offering derivatives on commodities, FX, equities, bonds, interest rates, indices and swaps.
Its commercial technology division, SKOFX Technologies provides best-in-class transaction, data, and infrastructure management services and solutions.