K-Startup Grand Challenge
Out of several public programs, we find the K-Startup Grand Challenge to be the best option based on its extent and its track record with foreign startups. This is a selective program provides financial assistance, visa support and a free office in Korea’s Startup Campus. Organizes also introduce startups to potential partners in Korea. Since 2016, the annual K-Startup Grand Challenge has invited startups from around the world to apply to bring their companies to Korea, with full support from the Korean government.
It is a 3-month acceleration program based in Gangnam, with a large collection of mentors thanks to the Google for Entrepreneurs’ network. This program offers mentorship from leading Korean tech companies Samsung, Hyundai, SK, KT, Naver and LG. Startups that qualify for the program all get seed funding and free co-working office spaces. All 80 startups in the program will each receive about A$15,655 to cover living expenses in equal installments over 3½ months. The top 40 startups will be eligible to receive a total of A$31,940 each in based on their performances at ‘Demo Day’ and the Settlement Evaluation.