The Government of South Korea creates startup accelerator K-Startup Grand Challenge. The startups from all of the world can participate in the program.
K-Startup Grand Challenge is organized by Ministry of Science, ICT and Future Planning in partnership with SparkLabs, DEV Korea, ActnerLab and Shift.
The objective of the K-Startup Grand Challenge is to promote the expansion of an open entrepreneurship ecosystem in Asia and to assist in South Korea's evolution into a prominent start-up business hub in the region.
According to the organizers, the applications should be submitted by 14 June 2016. Some 40 startups will be selected to three-month programme. During programme, startup representatives will receive recommendations from leading Korean tech companies.
About 20 startups will move next stage and receive financing for US$33,000 from the South Korean Government. Four best startups will get additional resources from US$6,000 to US$100,000.
All startups will work at Pangyo Global Startup Campus. The startups, working in such areas as games, financing, biotechnological, software, ICT and others, can participate in the program.