K-STARTUP Grand Challenge 2018 | Win $100,000 for your Startup

Author:
Athar Ahmad
|
Publish Date:
June 8, 2018

K-Startup Grand Challenge is a project conducted and financed by the Korean government. Ultimate objectives of the K-Startup Grand Challenge are to promote the expansion of an open entrepreneurship ecosystem in Asia and to assist in South Korea’s evolution into a prominent startup business hub in the region. Startups from all around the world who are interested in expanding their business in Asia or Korea are encouraged to apply.

Eligibility

Promising startups with a clear objective to expand into Asia by using the Korean market as a stepping-stone are eligible to apply.

 

K-Startup Grand Challenge 2018 Fields of interest:

  1. Artificial Intelligence
  2. Software
  3. IoT
  4. Cloud
  5. Fintech
  6. Big data
  7. Information security
  8. 5G
  9. Urban solutions
  10. Robotics
  11. Biotech
  12. UHD
  13. Digital Content
  14. Wearables
  15. Gaming
  16. Beauty
  17. Logistic
  18. Blockchain

 


Other Opportunities to raise funds and scale up your startup


 

 

 

K-Startup Grand Challenge Benefits

 

Living Expenses:

Each of the 80 startups in the program will receive about $11,130 to cover living expenses in equal installments over 3.5 months

 

Expert Support: Experts from some of the world’s top tech companies with experience in taking companies global

 

Corporate Partnerships:Meet Korea’s top tech companies with expertise ranging from smartphones to software to semiconductors

 

Application deadline: June 14,2018

 

Location: Startup Campus in Pangyo Techno Valley, Seoul, South Korea

 

Duration: August to December 2018

 


Register a company in Pakistan and compete in global challenges


 

Grant for Top 40 startups

The top 40 startups selected in K-Startup Grand Challenge will each be eligible to receive a total funding of $22,727 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 2019.

(April: 50%, June: 30%)

Grant for Top 4 Startups

  • 1st Prize : $100,000 (110,000,000 KRW)
  • 2nd Prize : $40,000 (44,000,000 KRW)
  • 3rd Prize : $20,000 (22,000,000 KRW)
  • 4th Prize : $6,000 (6,600,000 KRW)

Note: The grant will be given in Korean Won.

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’

Application

Visit the official website for the K-Startup Challenge and sign up to create a profile. Fill the form and submit your application to make to to the top 80 startups who will compete in the competition.

Further details are provided on their website.

 


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