K-STARTUP GRAND CHALLENGE PROJECT

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PROCEDURE

PROCEDURE date

PROCEDURE date

APPLICATION PERIOD
March 31 to June 14

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

※Application Deadline : 14 June

APPLICATION REVIEW
June 19 to 23

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

GLOBAL AUDITIONS
June 26 to July 20
  • Based on application review, the organizers of the K-Startup Grand Challenge will select 50 teams from around the world to interview in their own countries, or online via web conferences.
    (50 teams total; 10 teams will be selected by 5 accelerating companies each )
  • The selected 50 teams will be invited to Korea and receive a prize of $833 (1,000,000 KRW, up to two persons per team)
ACCELERATING PROGRAM
August 7 to November 30

(Support for living & Daily expenditure : $2,900 (3,500,000 KRW)/month/team)

  1. The four months K-Startup Grand Challenge Accelerating program will kick off in August.
  2. Up to two members of each of the most promising startup teams will travel to Korea.
  3. The 50 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 Korea 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.
  4. 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.
  5. 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
Early December

Demo Day (25 teams)
The program will culminate with a highly publicized Demo Day, where the top 25 teams will be selected and awarded with additional prizes.
This will include $27,000 (32,000,000 KRW) in settlement support that the startups can use to extend their time in Korea for an additional six months.

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