Get in the Ring is teaming up with National IT Industry Promotion Agency (NIPA), and the Korean Ministry of SMEs and Startups to transform Korea’s economy for another century of success. In order to do this, the government is supporting talented entrepreneurs and promising startups, to turn Korea and Pangyo Techno Valley into a global startup hub in Asia via the K-Startup Grand Challenge.

 

This year, 2020, marks the fifth edition of the international K-Startup Grand Challenge. The primary purpose of the program is to assist global startups looking to expand into the Korean and the broader Asian markets. Over the past four years, 197 selected startups were invited to come to Korea for the program and collected $1.2 billion from domestic and international investors. 374 contracts were signed, and 89 startups set up their entities in Korea. The K-Startup Grand Challenge’s impact continues to bolster Korea’s reputation as a leading startup hub in Asia for global startups.

 

The deadline for this Challenge has passed, please check out our other Challenges

THE CHALLENGE

Industry 4.0 is a paradigm shift for the whole world. Major changes are happening with the merging of artificial intelligence, augmented reality, blockchain, vehicle automation, smart factories and more. With culture and infrastructure that quickly adapt to the most recent technological advances, Korea is at the centre of all. With 221 accelerators and 134 innovation centres (as of February 2020), Korea provides the best support and environment for startups just beginning their journey.

We are looking for talented entrepreneurs in Europe and Africa who are looking to expand their business to the Korean and Asian market in the following verticals:

What's in it for you?

  • 3-Month Accelerator Program

  • Office space and local Interns

  • Corporate Sponsorship and Support

  • Help Desk and Visa Support

  • Financial Support

Additional Criteria

  • Venture must be less than 7 years old

  • Technology-based startups that have prototype or product/service and at initial investment stage

  • Must be willing to relocate to Korea for 3-Month acceleration program

Check out what some of the past winners have to say about the challenge:

Timeline

June 25

Deadline Applications


The deadline for applications of proposals is on June 25th 2020 at midnight (UTC+2).
July 9 - 15

Global Auditions


Online meetings with Korean stakeholders
July 17

Final Results Announced


*Due to COVIS-19, all foreigners have to go to Korea before August 15 in order to go into quarantine. Quarantine period will be August 15-31.
September 1 - November 30

Acceleration Program


Acceleration program begins with the top 60 teams
November 19 - 21

Demo Day


Demo Day top 30 teams will be selected to settle in Korea
Deadline passed

The deadline for this Challenge has passed, please check out our other Challenges