Grant for Top 30 Startups (Jan – Apr 2021)
Each of the selected top 30 startups will be eligible to receive funding for 3.5 months.
∙ $15,490 (₩17,500,000) per team of 2 people
Grant for Top 5 Startups
1st Prize : $120,000 (₩135,600,000)
2nd Prize : $60,000 (₩67,800,000)
3rd Prize : $30,000 (₩33,900,000)
4th Prize : $20,000 (₩22,600,000)
5th Prize : $10,000 (₩11,300,000)
Additional Investments :
The accelerators may make equity investments in the most promising startups. Startups may have access to other VCs and investors who may choose to invest
The Korean government is working to transform the country's economy for another century of success, ultimately raising employment, the GDP and Korea's place in the world. In order to do this, the government is supporting talented entrepreneurs and promising startups, to turn Korea and Pangyo Creative Economy Valley into a global startup hub in Asia.
The top ranked 60 teams selected by the accelerators will be invited to stay in Korea to participate a 3 month accelerating program in Pangyo, located in the south of Seoul.
At the end of the acceleration program, the government will host a demo day to select top 30 startups. These startups will get additional financial incentives, and if they choose to establish their businesses in Korea, they will get additional support from the government.
KSGC Program Period: September 1 – November 30. 2020 (Application Period: May 15 – June 25. 2020)
60 global startup teams will be selected
Acceleration Program (3 months) and Demo-day for TOP 60 Additional settlement fund for TOP 30, and prize for TOP 5
Startup Campus in Pangyo Techno Valley, 14 minutes south of GangNam, South Korea.
Apply by June 25th, 2020 and if you're selected, the IBA may be able to help prepare the company for a market entry into greater Asia.