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K-STARTUP GRAND CHALLENGE PROGRAM

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PROCESS

PROCEDURE date

PROCEDURE date

APPLICATION PERIOD
April 15th – May 31st

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

Application Deadline : May 31st, 2022

APPLICATION REVIEW
June 6 – June 10

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

GLOBAL AUDITIONS(On-line)
June 20 - 24

360 teams will be selected for global audition which will be conducted online (via Zoom or Skype – could vary depending on each regions) Each team will be given around 10 minutes for pitch and Q&A session in the (virtual) presence of local and Korean startup experts.

ACCELERATING PROGRAM
August 1 – November 15

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

  1. 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.
  2. 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.
  3. 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.
  4. A Korean employee will be provided for teams (1 person per 2 teams) to ease language and cultural barriers while doing business in Korea
DEMO DAY
November 9 -11

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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