By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Live Trading NewsLive Trading NewsLive Trading News
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Search
Reading: K-Startup Grand Challenge 2021
Share
Live Trading NewsLive Trading News
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Search
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Follow US
© 2024 LiveTradingNews.com - All Rights Reserved.
Live Trading News > Blog > Stocks > Asia > K-Startup Grand Challenge 2021
Asia

K-Startup Grand Challenge 2021

Shayne Heffernan Ph.D.
Last updated: April 30, 2021 1:44 am
Shayne Heffernan Ph.D.
Share
4 Min Read
SHARE

2021 has been a breakthrough year for the Korean startup ecosystem despite the Covid-19 pandemic. Korean Chat API startup Sendbird raised $100 million in Series C funding with a valuation of $1.05 billion. Sendbird is now one of the 12 unicorn startups based out of South Korea. South Korea’s largest e-commerce company, Coupang, raised around $4.6 billion in the biggest US initial public offering (IPO) this year. In the first quarter of 2021, at least 34 companies (many of which were tech startups), have applied to the Korea Exchange (KRX) for IPOs. South Korea wants to grow its tech ecosystem and digital economy by making it easier for startups from abroad to expand in the country. The South Korean government aims to attract global startups to set up operations in South Korea.

KSGC 2021
KSGC 2021

Startups from around the world are now able to apply to K-Startup Grand Challenge 2021, South Korea’s government-backed global acceleration program. The program started accepting applications from April 15, 2021. The program represents an unparalleled opportunity for startups to expand into the South Korean and wider Asian markets. 

KSGC 2021 will offer 60 teams and entrepreneurs an all-expenses-paid, 3.5-month residency program in South Korea that includes access to expert guidance, co-working spaces, state-of-art R&D labs, corporate partnerships, entry to Asian markets, and more.

The acceleration program is hosted at the startup campus in Pangyo Techno Valley, a tech hub near Seoul. The top ten chosen startups will also win grants worth $320,000, with the first-placed team receiving $120,000. To apply, startups must be less than seven years old, and their representative must be of foreign nationality. They must also demonstrate a clear interest in expanding into the Korean and East Asian markets.

The program first launched in 2016, aims to promote the expansion of an open entrepreneurship ecosystem in Asia and assist in South Korea’s evolution into a prominent startup and business hub in the region. In the year 2020, despite the COVID-19 pandemic, the program saw a 58% surge in applications, with 2,648 teams applying from 118 countries.

Texas-based health-tech startup Ommo technologies spread its reach to the Asian markets with participation in the K-Startup Grand Challenge 2020 program. Since joining the KSGC program in the summer of 2020, Ommo technologies has raised US $3M led by Korean investors. Kyul Ko, Co-founder & COO, Ommo technologies shared – “KSGC helped pave the way for us to reach out to potential investors and partners. Not only does the Korean government support domestic startups, but it also helps international startups help find their home in Korea to take advantage of the support it provides, KSGC being the epitome. Once you are able to run your business successfully in Korea, then all of Asia is within reach.”

For further information and to apply for the K-Startup Grand Challenge, visit the website – https://www.k-startupgc.org. Check the Facebook page (http://www.facebook.com/kstartupgc) and the LinkedIn page (https://www.linkedin.com/company/kstartupgc) for more information and further updates

You Might Also Like

Catholics and Muslims in Israel: A Call for Greater Political Voice

Qatar’s Venture Capital Surge

The U.S. Dollar: Trump Cannot Save It—Buy Gold and Bitcoin

Quo Vadis: A Defining Moment in Church History

The Papal Tiara: A Crown of Earth and Heaven

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

Subscribe our newsletter for latest news around the world. Let's stay updated!

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
Share
By Shayne Heffernan Ph.D.
Follow:
Shayne Heffernan Ph.D. Economist at Knightsbridge holds a Ph.D. in Economics and brings with him over 40 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Crypto, Mining, Shipping, Technology and Financial Services.
Previous Article 2021 Australian Racing Hall of Fame 
Next Article Coach Bee: I Ate Too Much!


Latest News

Founders Pitching and Power Networking with SEA Region Decision Markers
Featured Headline News KXCO Guide May 6, 2025
How to Protect Your Portfolio Against Global De-Dollarization
America Asia China China Stocks Headline News Middle East Most Popular Opinion Shayne Heffernan Shayne Heffernan Start Ups Stocks May 6, 2025
Target150 Stem Cell Therapy and Wellness in Thailand
Featured Headline News Lifestyle Lifestyles of the RIch and Famous Living Luxury Most Popular Thailand May 6, 2025
The End of the Dollar Is Nigh
Asia Crypto Economy Headline News May 6, 2025

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
4.4kFollowersFollow
//

Stay informed with LiveTradingNews.com – your ultimate destination for timely and insightful updates on global markets, finance, and investment trends. Explore the latest news and analysis to empower your trading decisions.

Quick Link

  • About us
  • Advertise
  • Send us a tip!
  • Privacy Policy
  • Contact us

Top Categories

  • Knightsbridge Insights
  • Featured
  • Stocks
  • Shayne Heffernan
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Subscribe our newsletter for latest news around the world. Let's stay updated!

Live Trading NewsLive Trading News
Follow US
© 2025 LiveTradingNews - For The Traders, By The Traders – All Right Reserved By Knightsbridge Group
Welcome Back!

Sign in to your account

Register Lost your password?