loading…
Through KSGC 2021, startups hope to expand their market to South Korea and also the Asian market. Photo: KSGC dock
JAKARTA – Startups in Indonesia can now experience being a startup in Korea like in the Korean drama series Start-up.
This is because the South Korean government is holding the K-Startup Grand Challenge 2021 (KSGC 2021). This is a global startup acceleration program organized and funded by the Korean Government and the National IT Industry Promotion Agency (NIPA).
READ ALSO: Review of Xiaomi Redmi Note 10S, is it really the best mid-range phone at a price of Rp. 2 million?
Startups from all over the world, including Indonesia, can submit applications to take part in the 2021 KSGC, until June 15, 2021.
To date, more than 1,500 startups from around the world have registered.
KSGC 2021 offers the opportunity for 60 selected teams and entrepreneurs to take part in a 3.5-month training program in South Korea. All costs will be borne by the South Korean Government.
During the program, participants will be accompanied by experts in their fields, co-working space facilities, access to research and development (R&D) laboratories, collaboration with companies, access to Asian markets, and others.
This startup acceleration program will be held at the Pangyo Techno Valley startup campus, located in Seoul.
The prize is quite tempting. The top 10 startups will be entitled to a grant of USD320,000, of which the 1st place winner will receive USD120,000.
How to register and what are the requirements? Easy.
To register, the startup must be less than 7 years old, and the representative must be a non-Korean citizen. They must also show a clear interest in expanding into the Korean and East Asian markets.
For information, the K-Startup Grand Challenge was first launched in 2016, aiming to expand the open entrepreneurial ecosystem in Asia and help South Korea’s evolution into a regional business and startup hub.
In 2020, even though the world was hit by Covid-19, the number of startups registering for the event actually increased by 58 percent. A total of 2,648 teams signed up from 118 countries.
Several startups from around the world have expanded into South Korea and East Asia through this program.
One of them is Ommo Technologies, a healthcare company from Texas, United States, which has expanded its reach to the Asian Market by participating in the KSGC 2020 program.
– .
