The application for K-Startup Grand Challenge 2018 has been open since 3 May. The challenge is all set to happen, and the final demonstration day is going to take place in December 2018.
The aim of K-Startup Grand Challenge is to promote collaboration and the exchange of ideas between startups from Korea and around the world.
In the challenge, the top ranking 80 teams selected by accelerators will be invited to stay in Korea to participate in a 3 and a half month long accelerating program.
After the end of the accelerating program, there will be a demo day where top 40 teams will be selected to get additional financial incentives. And if they decide to establish their business in Korea, they will also get additional support from the government.
The grant for the first startup is $100,000.