The Korean government is working to transform the country's economy for another century of success, ultimately raising employment, the GDP and Korea's place in the world. In order to do this, the government is supporting talented entrepreneurs and promising startups, to turn Korea and Pangyo Creative Economy Valley into a global startup hub in Asia.
The top ranked 50 teams selected by the Accelerating will be invited to stay in Korea to participate a four-months of accelerating program in Pangyo, located south of Seoul. At the end of the Accelerating program, the government will host a demo day to select the top 25 startups from the program. They will get additional financial incentives, and if they choose to establish their businesses in Korea, they will get enormous additional support from the government.