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The programme is in search for 50 startups globally

Countries around the world are working to build globally competitive startups, developing networks that extend across the globe in search for a larger market and better investment opportunities. Asia, being a large market containing 60 percent of the world’s population and the home fast-growing developing countries, is an attractive market for startups around the world who are keen on attaining global success.

The Korean government, through its Ministry of Science, ICT, and Future Planning and the National IT Industry Promotion Agency, is responding to this global interest by working to transform the Pangyo Creative Economy into a global startup hub in Asia and organising programmes to attract global tech startups to Korea.

The K-Startup Grand Challenge 2017

Fifty top ranked startups will be selected and invited to stay in Korea as they participate in a four-month accelerator programme. The startups will be able to interact with the programme’s partner companies through conferences and workshops, have one-on-one mentors, have access to administrative, regulatory, and logistics support, and will be provided with workspace, equipment, testbeds, and an incubating infrastructure at the startup campus in Pangyo Techno Valley.

At the end of the programme, all 50 startups will present in a demo day where a panel of judges will select 25 startups.

The 25 selected startups will each receive additional financial grants as well as support from the government as they take part in a 6-month settlement programme. As the startups establish their business in Korea, they will also receive mentoring from the programme’s Korean multinational partners, participate in regular networking sessions, and have access to startup campuses and innovation centers. The top 4 finalists will also receive additional financial grants.

The K-Startup Grand Challenge 2017 is accepting applications until June 7, 2017.

The programme partnered with Korean business giants Samsung, Hyundai, Kakao, KT Corporaton, and SK Group, to name a few, who would lend their expertise of the local Korean and global markets to the startups.

K-Startup Grand Challenge 2017 is open to all technology-based startups globally, that has been established within the past 5 years, has a prototype or product/service, and are at initial investment stage.

Go global now. Click here to apply.

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Disclosure: e27 is a partner of the K-Startup Grand Challenge 2017

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