Korea Startup Promotion Agency Recruiting Companies for Global Accelerating Support Program

[Asia Economy Reporter Kim Cheol-hyun] The Korea Institute of Startup & Entrepreneurship Development (President Kim Kwang-hyun) announced on the 2nd that it is recruiting startups to participate in the 'Global Accelerating Support Project,' which connects startups aspiring for global expansion with overseas accelerators to verify the possibility of overseas expansion and support the concretization of expansion plans. Through this recruitment announcement, it plans to provide 40 startups with opportunities to expand into three countries: the United States, France, and Vietnam.

The application period is until the 29th, and prospective entrepreneurs preparing for overseas expansion and startups within 7 years of establishment can apply. All evaluation processes for selecting startups will be conducted directly by overseas accelerators, and startups with high potential for expansion will be selected by country. For the finally selected startups, support will be provided including workshops with overseas accelerators to design customized programs, local incubation programs, and global expansion support funds.

The local incubation program lasts for 6 weeks and consists of expert mentoring and business coaching, seminars for local expansion, networking with local companies and investors, meetings with potential clients, and pitching events. This project reflected the opinions of participating companies from last year’s program by providing a place for detailed program discussions between accelerators and startups before participating in the local incubation program, and extended the program period from 4 weeks to 6 weeks. Detailed eligibility and application methods can be found on the Ministry of SMEs and Startups or K-Startup websites.

This content was produced with the assistance of AI translation services.