Korea will host an all expenses paid acceleration program for 40 high­ potential startups from around the world this autumn.

The first of its kind in Asia, the program is sponsored by the Ministry of Science, ICT and Future Planning, which was created in 2013, as part of President Park Geun­hye’s initiative to transform Korea’s economy.Startups selected for the acceleration program, known as the K-­Startup Grand Challenge, will receive $4,100 per month to cover living expenses, along with free round­trip flights to Korea for three team members.

The government will further provide them with offices and lab space in its $160 million Startup Campus in Pangyo. The campus is within walking distance to the R&D labs of many Korean tech giants, which have signed on to mentor the startups. It is also just 14 minutes from Gangnam by subway.

At the facility’s opening ceremony held on 22 March, President Park Geun­hye said, “I hope that the Startup Campus will become the cradle of creative economy, a gateway that links Korean startups to the world.” The president also expressed the government’s support for the campus and its initiatives to help Korea step up as Asia’s startup hub.

Based on online applications, representatives…
Read the complete story here

About the author

Techsauce is the partnership of two titans in the Thai technology startup industry between Thumbsup, the leading technology media in Thailand and HUBBA, the biggest coworking space network in Thailand.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

Will cryptocurrency expansion continue among emerging markets in 2022?

Emerging markets were at the forefront of last year’s massive growth in global cryptocurrency adoption. With this growth widely tipped to continue into 2022, a range of countries will see their crypto markets mature or expand.

Digital transformation: Skills must transform too

As with other technological revolutions in the past, such as electricity, the digitalization of the economy will have tremendous implications for individual lives and society as a whole.

Which emerging market universities are driving growth in patent filing?

According to the UN World Intellectual Property Organisation (WIPO), a record 277,500 international patents were filed in 2021. China was once again the world’s top filer, having overtaken the US in 2019.