King Sejong and Jang Yeong-Sil Prize Awards


Online and Indonesia

Date & time

24 November 2019


24 November 2019


About this event

In collaboration with KOICA, Instellar is looking for potential startups, innovative businesses, and social enterprises in Indonesia that working to solve environmental-related challenges in Indonesia with innovative business models.

KOICA is sponsoring the creation of King Sejong and Jang Yeong-Sil Prize, to provide grant funding (USD 50,000) for every 3 innovative businesses in the semi-final phase to implement optimal solutions to tackle the plastic problem in the ocean and environment.  Finally, a team of panel expert judges will choose one winner to receive up to USD 200,000 to scale up an innovate project.

What we are looking for:

Innovative businesses working to solve the plastic problem in the ocean and environment.


  • The cash prize of USD 50,000 for every 3 semi-finalists, and up to USD 200,000 for 1 award winner
  • Certificate of Recognition for the King Sejong and Jang Yeong Sil Award.
  • Potential media and networking opportunities through partner platforms, events, and connections to start-up/social impact communities.


  • Registered as a for-profit business entity in Indonesia
  • Have a proven documented social impact (quantitative and/or qualitative impact)
  • Submit a proposal to implement a field test in 3 months and submit the results of the project (for 3 semi-finalists)
  • Develop a scale-up proposal for an innovative project in 12 months (for 1 award winner)
  • Documents to submit:
    • Proposals for the prize (available to download proposal template in the application form)
    • Incorporation license in Indonesia (copy)
    • 2018 financial statements (income statements and balance sheet)

Key Dates

  • Registration Open: 28th October 2019
  • Application deadline: 24th of November 2019 at 11.59 pm Jakarta time
  • Pitching/Interview session: 3rd of December 2019 at Instellar Indonesia, Bendungan Hilir, Jakarta Pusat
  • Semi-finalists selected: 10th of December 2019
  • Project Implementation: Jan – Mar. 2020*
  • Final Presentation and Awarding: April 2020*

Register now at

Should you have any questions, please contact

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