K-STARTUP GRAND CHALLENGE 2019
Jun 17, 2019
Industry 4.0 is a paradigm shift for the whole world. Major changes are happening with the merging of artificial intelligence, augmented reality, blockchain, vehicle automation, smart factories and more. With culture and infrastructure that quickly adapt to the most recent technological advances, Korea is at the center of all. With 154 accelerators and innovation centres (as of March 2019) as well as 143 co-working companies, Korea provides the best support and environment for startups just beginning their journey. Last year, 1,771 startups from 108 countries competed to be selected for the 2018 K-Startup Grand Challenge, a systematic startup program in Korea. 73 of them were selected to participate in a 3.5 month-long acceleration program and received initial funding and office space. The top 40 teams were then chosen in the Demo Day in December. The selected teams were given additional funds for 6 months which help them to successfully claim their place in Korea. The startups that participated in the K-Startup Grand Challenge were evaluated by specialists in each tech area and given a chance to network with them.