K-STARTUP GRAND CHALLENGE PROGRAM

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PROCESS

PROCEDURE date

PROCEDURE date

APPLICATION PERIOD
May 15th – June 25th

We accept application from startups around the world during this time.

※Application Deadline: June 25th, 2020

APPLICATION REVIEW
June 29th – July 2th

The experts of foreign startup ecosystem and Korean accelerators will review all applications.

GLOBAL AUDITIONS(On-line)
July 9th – 15th

Based on application review, the organizers of the K-Startup Grand Challenge will select 60 teams from around the world to interview by online via web conferences.
60 teams total will be selected by accelerating company.

ACCELERATING PROGRAM
September 1st – November 30th

(Support for living & Daily expenditure : 3,500,000 KRW/month/team of one person, 5,000,000 KRW/month/team of two people)

  1. The three months.
  2. Up to two members of each of the most promising startup teams will travel to Korea.
    The 60 teams will be able to use a project space, including equipment for product production and service development, test bed as well as an incubating infrastructure information sessions and coaching on Korean and Asian business culture, specific business topics (e.g. patents, accounting regulations, tax laws, etc.), pitching lessons and one-on-one monitoring will be provided.
  3. The teams will be able to interact with Korean companies including major companies such as Samsung, Hyundai motors, KT Corporation or SK Group through conferences, seminars, workshops, etc.
  4. Meanwhile, networking and matchmaking events will be organized throughout the program in order to promote international cooperation between startups, local successful entrepreneurs, distinguished researchers and engineers and large company representatives.
DEMO DAY
November 19th – 21st

The program will culminate with a highly publicized Demo Day, where the top 30 teams will be selected and awarded with additional prizes.

The top 30 startups selected will each be eligible to receive a total funding of 12,250,000 KRW for settlement in Korea based on performances on the ‘Demo Day’ and Settlement Evaluation.

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