Deadline: 25-Jun-20
Applications are now open for the K-Startup grand Challenge (KSGC) Program which is designed to attract promising foreign startups to Korea within the “Global Accelerating Activation Program” under the Ministry of SMEs and Startups of the Republic of Korea.
The Korean government is working to transform the country’s economy for another century of success, ultimately raising employment, the GDP and Korea’s place in the world. In order to do this, the government is supporting talented entrepreneurs and promising startups, to turn Korea and Pangyo Creative Economy Valley into a global startup hub in Asia.
The top ranked 60 teams selected by the accelerators will be invited to stay in Korea to participate a 3 month accelerating program in Pangyo, located in the south of Seoul.
At the end of the acceleration program, the government will host a demo day to select top 30 startups. These startups will get additional financial incentives, and if they choose to establish their businesses in Korea, they will get additional support from the government.
- AI
- Big Data
- Cloud Computing
- Networking (5G, etc.)
- IoT
- Robotics
- Auto Tech
- VR/AR/MR
- Smart City (Agri, Gov, Factory, etc.)
- Health (Healthcare, Biotech, etc.)
- Semiconductor (PIM, SoC, etc.)
- Green (Energy, Battery, etc.)
- 3D Printing
- Blockchain
- Fintech
- Information Security
- e-commerce
- O2O
- Logistic
- Media (Gaming, Social Media, Digital Content, etc.)
- ETC
- Settlement Fund (Including self quarantine expense)
- Start-up visa program through the OASIS (Overall Assistance for Startup Immigration System)
- Accelerating programs (training, mentoring, consulting on the corporate establishment, investment support events, etc.)
- Help desk (settlement support, life convenience support, etc.)
- Incubating facilities
- Korea Intern working for you to help your business in Korea
Selection Criteria
- Technology-based startups that have prototype or product/service and at initial investment stage.
- Global startups.
- Startups that have been established within that past 7 years are eligible to apply.
For more information, visit https://www.k-startupgc.org/