For global entrepreneurs and startups who want to explore business opportunities in South Korea and expand business in Asia, the Korean government’s ace program K-Startup Grand Challenge is an assured gateway. The program, supported by the Ministry of SMEs and Startups (MSS) and National IT Industry Promotion Agency (NIPA), is now accepting applications for the program till June 25th, 2020.
The program is an all expenses paid and the first of its kind in Asia with grand prizes for top five teams. The best winning team gets $120,000 and further assistance to develop business in South Korea.
The selected startup teams get many benefits with the 3-month program from networking opportunities, learning from experts, financial support to business development. Importantly, the selected startups can look forward to a promising future in Asia, considering the convenient geographical location of the country and its strategically beneficial relationships with other countries in the sub-continent.
Sixty selected teams will participate in the accelerating program from September 1st, 2020, to November 30th, 2020. The top 30 will attend the demo day from November 19th to 21, 2020, and get further support for business development from January to April 2021.
In 2019, the program had received applications from 1,677 teams from 95 countries. Thirty-eight teams from Europe, Asia, and America had been selected for the accelerating program. Out of that 20 teams were selected on final demo day, and they received further follow–up support from January to April 2020. In 2020, there is scope for 60 talented and innovative startup teams to be part of the enriching program.
For further information and the application for K-Startup Grand Challenge, visit the website - https://www.k-startupgc.org/ and check the Facebook page (http://www.facebook.com/kstartupgc) and the LinkedIn page (https://www.linkedin.com/company/kstartupgc) for more information and further updates.