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K-Startup Grand Challenge

The K-Startup Grand Challenge 2018 is Open for Application

The K-Startup Grand Challenge is a project conducted and financed by the Korean government. The ultimate objectives of the K-Startup Grand Challenge are to promote the expansion of an open entrepreneurship ecosystem in Asia and to assist South Korea’s evolution into a prominent startup business hub in the region.

Participation in the K-Startup Grand Challenge acceleration program will help your business meet all of these demands so that you can start making your global startup dreams a reality.

About the Challenge:

The driving idea behind this project is to endorse the inflow of promising foreign startups interested in the Korean or the broader Asian market through a global startup acceleration programme followed by a Domestic Settlement Programme.

Eligibility:

If you can answer in the affirmative to the questions below, then this Challenge for you:

  • Are you an early-stage startup or a scale-up?
  • Are you looking to expand into Asia?
  • Do you have a disruptive innovation in the IoT, software, smart devices, cloud, 5G or big data sectors?

Benefits:

This project gives startups the opportunity:

  • To expand into the Asian market through Korea, thereby using this country as a foothold for their international cooperation in Asia
  • To be exposed to large Korean corporations such as Samsung, Hyundai, LG or SK, etc.
  • To receive mentoring and financial support in order to grow their business in Asia

Selection Criteria

  • The top-ranked 80 teams selected by the Accelerating will be invited to stay in Korea to participate three months and a half accelerating program in Pangyo, located south of Seoul.
  • At the end of the Accelerating program, the government will host a demo day to select the top 40 startups from the program.
  • There will get additional financial incentives, and if they choose to establish their businesses in Korea, they will get enormous additional support from the government.

Timeline:

This is subject to change.

  • Reception of applications (May-June)
  • Application review (June)
  • Global auditions (June -July)
  • Acceleration program (August-November)
  • Demo day (December)

How to Apply:

Click here to apply.

Application Deadline:

June 14, 2018.

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