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[NIPA] K-STARTUP GRAND CHALLENGE PROGRAM

  • 2021-03-17
  • 50

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.

 

ㅇ Who Can Apply?

- Startups that are less than 7 years old or pre-entrepreneur whose representative holds a foreign nationality.

 

ㅇ Target Sectors

- AI, Big Data, Cloud Computing, Networking(5G, etc.), IoT, Cantactless, etc.

 

ㅇ Process 

- April 15 – June 15 : PROMOTION APPLICATION PERIOD

- June 21 – June 25 : APPLICATION REVIEW

- July 5 – July 9 : GLOBAL AUDITION

- July 13 : FINAL RESULT ANNOUNCEMENT

- August 16 – November 30 : PROGRAM

- Late November : DEMO DAY & SETTLEMENT PROGRAM

 

ㅇ Where?

- Startup Campus in Pangyo Techno Valley In Korea

 

ㅇ Benefits?

- State-of-the-Art R&D Labs, Brand New Startup Campus, Expert Support, Corporate Partnerships, Break into Asia, Living Expenses, Grant for Top 30 Startup, Grant for Top 5 Startups, and Additional Investments

 

ㅇ For more details

- Please find attached leaflet

- Go to https://www.k-startupgc.org/

 

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