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K-Startup Grand Challenge 2022 – “Golden gate” for Vietnamese startups to expand throughout Asia

Korea is one of the fastest growing economies in Asia, with economic groups comparable globally such as LG, Samsung and Hyundai; and is the birthplace of many outstanding startups, entrepreneurship and technology. With the orientation to become the leading startup hub in the region and the world, the Korean Government has been implementing many activities to build and develop an open ecosystem to attract global start-ups to establish doing business in Korea as a stepping stone to expansion to other major Asian economies.

One of the initiatives to achieve that goal is the Korean Government’s K-Startup Grand Challenge (KSGC) Accelerator Program, which is supported by the Korean Ministry of Small and Medium Enterprises (MSS). and organized by the National Information Technology Industry Promotion Agency (NIPA) of Korea. In 2022, the Korea Information Technology Cooperation Center in Hanoi (KICC), under the Korea Information Technology Industry Promotion Agency (NIPA) continues to be the unit responsible for implementing the K-competition competition. Startup Grand Challenge 2022 (KSGC 2022) in Vietnam, Philippines, Taiwan, Hong Kong, Cambodia, Myanmar, Laos and East Timor.

Up to now, the program has held the 7th time with more than 10,000 entries from 151 countries around the world, with a total investment of more than 1.5 billion USD. This year, the KSGC 2022 Program has officially received registration documents from April 15 to the end of May 31; from Startups in various countries across Europe, North America and Southeast Asia. For Startups in fields such as artificial intelligence (AI), financial technology (fintech), logistics, biotechnology, robotics, game development, Internet of Things (IoT), e-commerce …

More than just a contest, KSGC 2022 is also considered as a door to support Startups that can expand overseas markets, providing opportunities to contact and find advisors and leading investment funds. Asia, helping to solve obstacles from business models, languages, legal policies, etc.

K-Startup Grand Challenge 2022 -

The K-Startup Grand Challenge program is held annually for many countries. Source: ST

The K-Startup Grand Challenge 2022 Accelerator will be held from August 1 to November 15, 2022 (3.5 months), at the world-class Startup Facility in Pangyo Technology Valley .

According to the contest schedule, the Top 60 selected Startups will participate in a 3.5-month startup accelerator program in Korea (with support funding up to 11,136 USD/team) and present their products in front of the competitors. investors at the investment fair. After that, the Organizing Committee will choose 30 Startups to participate in the establishment support program in Korea, which will last for the next 3.5 months (with a support budget of up to 11,136 USD/team). Top 10 Startups will receive funding totaling up to 320,000 USD.

K-Startup Grand Challenge 2022 -

Opportunity to win attractive prizes and potential investment capital from KSGC. Source: ST

In addition, the startups participating in the contest can also access many other funds and investors, get support from the Korean government to settle down and set up a project office in the Pangyo technology valley, .. .

Who can register to participate?

Participants are start-up projects with less than 7 years of operation or at least 01 founding team member who is a national in one of the countries/territories other than Korea. Potential startups and projects with the clear goal of expanding their businesses to the Asian market by using the Korean market as a stepping stone.

Instructions and registration information at:

Website: https://www.k-startupgc.org/

Fanpage: https://www.facebook.com/ksgc2022asia

https://cafebiz.vn/k-startup-grand-challenge-2022-canh-cong-vang-cho-cac-startup-viet-mo-rong-khap-chau-a-20220510111837894.chn


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