South Korean Government's K-Startup Grand Challenge 2021

SEOUL, South Korea–(BUSINESS WIRE)– K-Startup Grand Challenge 2021 (KSGC 2021) will be dispatched from August 16 to November 30, choosing 60 worldwide startup groups needing to grow their organizations to South Korea. New companies from around the world can apply till June 15.

KSGC 2021 is a worldwide startup speed increase program coordinated and financed by the Korean government and the National IT Industry Promotion Agency (NIPA). The Korean government is supporting skilled business people and promising new companies, to transform Korea and Pangyo Creative Economy Valley into a worldwide startup center in Asia.

KSGC 2021 will offer 60 groups and business people a 3.5-month residency program in South Korea that incorporates admittance to master direction, cooperating spaces, condition of-craftsmanship R&D labs, corporate organizations, passage to Asian business sectors, and then some. The speed increase program is facilitated at the startup grounds in Pangyo Techno Valley, a tech center point close to Seoul. The best ten picked new companies will likewise win awards worth USD 320,000, with the primary spot group getting USD 120,000.

To apply, new businesses should be under seven years of age, and their delegate should be of far off ethnicity. They should likewise show an unmistakable premium in venturing into the Korean and East Asian business sectors.

The program, first dispatched in quite a while, to advance the development of an open business venture biological system in Asia and aid South Korea's advancement into a noticeable startup and business center point in the locale. In the year 2020, in spite of the COVID-19 pandemic, the program saw a 58% flood in applications, with 2,648 groups applying from 118 nations.

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