K-STARTUP GRAND CHALLENGE
40 teams will be selected to join a 3.5months Accelerating program during which they will receive:
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.
Selected 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.
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.
(Aug – Nov 2019)
Each of the 40 startups in the program will receive about $10,840 per team to cover the living expenses over 3.5 months.
Grant for Top 20 Startups (Jan – Apr 2020)
Each of the selected top 20 startups will be eligible to receive a total funding of $10,840 for 3.5 months.
Grant for Top 4 Startups
1st Prize : $100,000 (₩113,000,000)
2nd Prize : $40,000 (₩45,200,000)
3rd Prize : $20,000 (₩22,600,000)
4th Prize : $6,000 (₩6,780,000)
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.