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K-Startup Grand Challenge

  •   4-month Accelerator Program in South Korea (expand your business to South-East Asia!)

  •   A total of $1.000.000 for 80 startups

  •   Networking with Hyundai, LG, and more Korean corporations

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Challenge Details

What is the K-Startup Grand Challenge?

The K-Startup Grand Challenge is an all-expenses-paid accelerator program of 3.5 months in South-Korea. Governmental innovation institutions joined forces with global corporate brands like LG, Samsung and Hyundai to support the most promising startups from around the world to expand their business to Asia.

How does it work? The K-Startup Grand Challenge has five stages.

Application The first stage is the application stage, where startups are asked to fill out the application form to be a part of the program. Applications are open until the 14th of June 2018.

Global Auditions Once applications close, applicants will be reviewed and shortlisted to take part in the global auditions, which will be held from the 9th of July until the 16th of July.

Selection & Settlement At these global auditions, 80 teams will be selected to join the K-Startup Grand Challenge Accelerator Program. 10 Startups out of the 80 teams will be composed of Korean track. This will be a 3.5 month accelerator program that will kick off in August. From August 15th to November 30th, the accelerator will provide the 80 teams a brand-new startup campus where startups can use it as a free office and project space, state-of-the-art R&D Labs, and expert support from some of the world’s top tech companies with experience taking companies global.

Demo Day Finally, the program ends with a demo day, which will be held in early December. This demo day will be where the top 40 teams of those accepted into the accelerator will be selected and awarded prizes.

  • Grant: In December, accelerator participants will compete in a Demo Day competition in which the top 40 will win 22,727 dollars each. Additional grants for the top 4 teams (from $6K to $100K) will be provided.
  • General Support: $3180/month/team to cover daily expenses, visa support and other administrative support, translation and interpretation, housing and so on.
  • Network: Korea’s major companies such as Samsung, LG, Hyundai Motors, KT, Kakao, and Naver will be participating in the program. Selected teams will be able to interact with these companies through conferences, seminars, workshops, etc.
  • Startup Training in Korea: Everything you need to take off in Asia! 1-on-1 mentors Information sessions on Korean and Asian business culture, Business topics (e.g. patents, accounting, regulations, tax laws, etc.)
  • Future Investment Opportunities The K-Startup Grand Challenge promises potential investment opportunities from these companies as well as Korean VC’s along with opportunities for contracts to be signed..
Practical Details

You! As long as your company is post MVP stage and younger than 7 years.

The signup procedure is two-fold. This application here will take you about 1 minute. Afterward, you are requested to signup through the official program website. That will take a bit more time and effort. Schedule around 30 minutes to write a good application.

14/04 - 14/06
Signups Open until June 14th, 5PM (CEST)
Application Review
Global Auditions (Pitch in Paris, Amsterdam or Berlin!)
Acceleration Program
Dec. 2018
Demo Day

Sorry, we no longer accept applications!