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Korea Opens its Doors and Wallet to Global Startups Eying Asia

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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…
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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.

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Startups

Traveloka to launch financial services in Vietnam and Thailand

Traveloka, which says it has 40 million active monthly users, is developing “buy now, pay later” services for Vietnam and Thailand.

Boris Sullivan

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Indonesian company Traveloka and Southeast Asia’s largest online travel startup, plans to launch financial services in Vietnam and Thailand as it eyes a listing in the US, its president said.

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Ecommerce

Will Covid-19 unleash a new generation of digital nomads?

Oxford Business Group

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Will Covid-19 unleash a new generation of digital nomads?
– Covid-19 has facilitated the widespread adoption of remote working
– Despite travel restrictions, countries are seeking to attract digital nomads
– Dubai and Mexico have emerged as key destinations for foreign remote workers
– As travel resumes, many anticipate a new wave of roaming digital nomads

With Covid-19 facilitating the widespread adoption of remote working practices, some emerging markets are seeking to attract digital nomads through a series of incentives and special visas.

Despite border closures and travel restrictions resulting from the virus, various countries are stepping up efforts to incentivise the movement of so-called digital nomads – people who work remotely and relocate relatively freely.

For example, in October the Dubai government launched its virtual working programme, an initiative that gives foreign professionals the opportunity to move to the emirate and continue to work remotely in their current jobs.

The one-year programme, launched after Dubai reopened its borders to international tourists in July last year, is designed is attract professionals, entrepreneurs and those working in start-ups.

Given its strong ICT infrastructure and healthy start-up scene, Dubai has been seen as an increasingly attractive option for digital nomads in recent years, with officials marketing the emirate as a place where people can live and work by the beach.

As a further incentive, in January officials began offering free vaccines to those on the programme.

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Global Gaming Expo Asia Overview

This event is a must for anyone involved in the Asian gaming industry: an overwhelming 95% of Asian casino and sportsbook operators attend G2E Asia to present their products

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G2E Asia – an abbreviation for Global Gaming Expo Asia – is a renowned iGaming event and entertainment business hub where companies from all over the globe come to exhibit their latest products and innovations.

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