K-STARTUP GRAND CHALLENGE PROGRAM

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PROCEDURE

PROCEDURE date

PROCEDURE date

APPLICATION PERIOD
April to June 14th 13:00 GMT +9

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

※Application Deadline : June 14th 13:00 GMT +9

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 40 teams from around the world to interview in their own countries, or online via web conferences.
    40 teams total will be selected by accelerating company
ACCELERATING PROGRAM
August 16 to November 30

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

  1. The three and a half months.
  2. Up to two members of each of the most promising startup teams will travel to Korea.
  3. The 40 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 (20 teams)
The program will culminate with a highly publicized Demo Day, where the top 20 teams will be selected and awarded with additional prizes.
The top 20 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.
Distribution of funding will be as follows:
- Initial distribution:20% of total funding in January
- Remaining distribution will be made to startups that pass the performance evaluation held in April 2020.
(April: 50%, June: 30%)

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