INTRODUCTION

BENEFITS

TIMELINE

HOW TO APPLY

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Asia-Pacific's Most Participated Startup Competition!

K-Startup Grand Challenge 2020

OUR NUMBER

APPLY NOW

EVENT TICKET

VIDEO

05/2020

5th edition

Value of prizes

+ 1 Billion $

Countries

+ 100

Selected Teams

+ 1304

Applications

+ 7401

Organizers and Partners

OUR PARTNERS

COMMUNITY PARTNERS

CONNECT NOW!

UP-COMING EVENT

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.

INTRODUCTION

STARTUP SELECTION CRITERIA

  • Startups that have a prototype or product/service and at initial investment stage.
  • Startups in 7 countries: Vietnam, Taiwan, HongKong, Laos, Myanmar, Philippines, Cambodia.
  • Startups that have been established within that past 7 years are eligible to apply.
  • All fields including Blockchain and AI

1. Living Expenses: Each of the 60 startups in the program will receive money to cover the living expenses over 3.5 months.


During the quarantine period, participants should pay the cost of isolation housing which Korea Government provides from living expenses
(Living expenses include the quarantine fund for 2 weeks before the program starts.)
2. Korean Intern Support (3 months): Provide Korean interns to assist your business in Korea for 3 months.
(1 intern per 2 teams). There will be a speed dating session, so you could choose your own Korean intern to work with. The intern would definitely help you to tear down the language and cultural barrier, the two most difficult things you could face while pursuing business in a foreign country.
3. Free Office and Project Space (Startup Campus): Elected teams will be provided with project space including equipment for product/service production and development, testbeds, as well as an incubating infrastructure at the Startup Campus in Pangyo Techno Valley.
4. Help Desk & Visas: As the South Korean government supports the improvement in Visa regulations for foreign startups and entrepreneurs through the new OASIS program, Visa-related issues will be taken care of by the Korean government. Also, various services are available for overseas startups such as administrative support, housing and so on.
5. Accelerating Program (3months): 60 teams will be selected to join a 3months Accelerating program during which they will receive:







6. Final Package:
Grant for Top 30 Startups (Jan – Apr 2021)
Each of the selected top 30 startups will be eligible to receive funding for 3.5 months.


Grant for Top 5 Startups





7. Additional Investments: The accelerators may make equity investments in the most promising startups. Startups may have access to other VCs and investors who may choose to invest.
8. Corporate Sponsorship and Support : Korea’s largest tech companies will participate in various seminars, workshops, and 1-on-1 mentoring. If you need any help beyond the scope of the K-Startup Grand Challenge program, you can be a partner with these companies and receive resources and their expertise


  • $10,840 (₩12,250,000) per team of 1 person
  • $15,490 (₩17,500,000) per team of 2 people
  • $10,840 (₩12,250,000) per team of 1 person
  • $15,490 (₩17,500,000) per team of 2 people

BENEFITS

  • A free office space
  • 1-on-1 mentors
  • Information sessions on Korean and Asian business culture, as well as specific business topics (e.g. patents, accounting, regulations, tax laws, etc.)
  • Access to regular networking sessions
  • Exposure to Korean major companies
  • 1st Prize : $120,000 (₩135,600,000)
  • 2nd Prize : $60,000 (₩67,800,000)
  • 3rd Prize : $30,000 (₩33,900,000)
  • 4th Prize : $20,000 (₩22,600,000)
  • 5th Prize : $10,000 (₩11,300,000)

IT'S NOT JUST A COMPETITION
IT'S THE GATEWAY TO ASIA

APPLY NOW!!!

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00
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Days

Hours

Minutes

Seconds

BY JUNE 25 

JOIN NOW

May 15

June 25

June 29 - July 02

June 09 - 15

July 17

Sep 01

Nov 30

Nov 19 - 21

Jan 15

Apr 30, 2021

teams

60

PROMOTION & RECEPTION OF APPLICATIONS

APPLICATIONS REVIEW

GLOBAL AUDITIONS

FINAL RESULT
ANNOUNCEMENT

ACCELERATING PROGRAM

DEMO DAY

SETTLEMENT PROGRAM

* Due to this situation,  all foreigners have to come to Korea before August 15 in order to go into quarantine. Quarantine period will be August 15 - 31

* The Samoa Time Zone

(On-line)

30

teams

Timeline

Voice of Participators 

Jacob Jacquet

If you are considering the Korean market, then K-Startup Grand Challenge is the best program that will help you land on your feet here. The program gives two major benefits which are the monthly stipend, which takes care of your various expenses for living and business, and the other is the networking opportunities that introduce you to many connections to help expand in the Korean market.

“You are supported in many different business aspects.”

Jordan Monnet

nr2 / CPO / France

Being here and seeing things at firsthand really made me realize how innovative Korea was. That was the reason I decided to stay here. Other thing that makes me stay in Korea is the life in the city, Seoul. You can have whatever life you want. You can have a party, go to lake, and hike mountains. This is the only place in the world where can do all activities I want to do.

“KSGC was an interesting shortcut to understand ecosystems in Korea."

Matei Psatta

TPS Engage / CMO / Romania

From my experience, South Korea is like a window to global expansion. When you make collaborations with international companies like Hyundai, Samsung, LG, etc., you also get the advantage of extending services to other countries.
It is definitely worth doing business here as long as you are really mindful of the Korean culture and accept that you have to adapt your style.

“Korea can be a good business market for foreign startups as well.”

Rezi / CEO / United States

Albums

MAY 15 - JUNE 25

Reception of Applications

JULY 05 - JULY 15

Global Auditions (Online)

COPYRIGHT © 2020. K-STARTUP GRAND CHALLENGE ALL RIGHTS RESERVED

Contact Us
E: k.startupgc2020@gmail.com
P: +84.339.912.764 

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