Industry Promotion Agency) initiative ‘K–Startup Grand Challenge’, a project
conducted and financed by the Government of the Republic of Korea is all set to
open its gates once again in India. The global startup event offers technology based
startups that have a prototype or product service – catering to various
industries, a chance to enter the Korean market and further expand its reach to
K-Startup Grand Challenge offered the winners a host of benefits including
grants, free office space and entry into an acceleration programme and more. 13
local corporations and branches were established as a result of the event. Over
and above, 33 deals were signed with local/overseas companies along with 125
MoU/Partnership activities. An Indian entrant in the augmented reality space
came in runner-up at the event and is now engaged in a contract with one of
Korea’s major departmental store franchises.
this year’s programme, the top ranked 50 teams will be invited to participate
in a four-month accelerating program in the state-of-the-art Pangyo Techno
Valley, located south of Seoul. Additional financial incentives from the Korean
Government will be offered to the top 25 startups if they choose to establish a
business entity in Korea.
key focus of the K-Startup Grand Challenge this year is to promote
collaboration and exchange of ideas between India and Korea. A plethora of
exciting opportunities await participants who will get an opportunity to
showcase their entrepreneurial spirit. We are eagerly looking forward to tap
the enormous potential that lies in Indian startup ecosystem and expecting to
receive a large number of applications from India,” said Lee Kyung-hwan, Executive Director of India-Korea SW
visiting cities across the country, including Mumbai, Bangalore Delhi, Pune,
Hyderabad and Kochi. They will meet with prominent entities in the local
startup ecosystems, including incubation centers, accelerator hubs and more. The
interactions aim to channel the enthusiasm and vision of the local startup
environment towards the event, offering them a great opportunity to graduate to
the world stage.
more details, you can visit the event website – http://in.k-startupgc.org/ .