KSGC 2023 Benefits
Each of the 60 startups participating in the program will receive monetary aid to cover the living expenses during the 3.5 month stay in Korea.
∙ Total amount: $10,840 (₩12,250,000) per team
Grant for Top 20 Startups
Each of the selected top 30 startups will be eligible to receive funding for 3.5 months.
$10,840 (₩12,250,000) per team
Grant for Top 5 Startups
∙ 1st Prize : $120,000 (₩144,000,000)
∙ 2nd Prize : $70,000 (₩84,000,000)
∙ 3rd Prize : $40,000 (₩48,000,000)
∙ 4th Prize : $25,000 (₩30,000,000)
∙ 5th Prize : $15,000 (₩18,000,000)
Additional Investments
The accelerators may invest in promising participating teams, and the startups may be connected with other VC’s who may have interest in the KSGC participating startups.
Additional Benefits
- Office space in the heart of South Korea's bustling startup scene- Mentorship from top-tier investors and industry experts- Networking opportunities with other startups and investors- Valuable insights into the Asian startup ecosystem- Experience the wonders of Korean culture - from delicious food to beautiful sights and sounds
KSGC 2023 will offer 60 startups from around the world that are less than seven years old a 3.5-month residency program from July to November.
(*) Requirements:- Any startups that are less than 7 years of establishment or whose representative holds a foreign nationality- Any individuals aspiring to become startup entrepreneurs.
K-Startup Grand Challenge(KSGC) was launched by the National IT Industry Promotion Agency (NIPA) in 2016 and has been integral in connecting promising startups from around the world to South Korea.
Through KSGC, we hope that you will start pursuing your business dreams, not next month, next year, but starting from right now! :)
The application period is from 10th April to 18th May 2023Apply now and experience the thrill of taking your startup to the next level with the K-Startup Grand Challenge 2023.
