The KSGC is an inbound program designed to attract promising foreign startups to Korea under the Ministry of SMEs and Startups of the Republic of Korea supporting promising foreign startups to enter the Korean and international markets.
This year, the unexpected crisis has dramatically amplified our VUCA world, in which the current geopolitical environment and its meaning for tomorrow’s business have been described as Volatile, Uncertain, Complex and Ambiguous. In order to thrive, startups should not miss any opportunities that provide the best support and environment for them during this challenging time.
K-Startup Grand Challenge is a startup accelerator program supported by the Government of South Korea. The program was launched in 2016 by the National IT Industry Promotion Agency and funded by the Ministry of SMEs and Startups of South Korea. The key purpose of the competition is to helps startups, like yours, getting on their feet and running with new ideas, encouraging them to merge, collide, and lead on to new innovations.
The top-ranked 60 teams selected by the accelerators will be invited to stay in Korea to participate in 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 the 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.