A Guide to Accelerating
Accelerating K-STARTUP CENTER
Explores a possibility of early-stage startups entering the overseas market and supports the localization of startup items
Global Accelerating Support Program
Target
An early-stage startup (reserve) with less than 7 years of preparation for penetrating into overseas market
Budget and Scale
KRW 7.5 billion, 120 firms
| Category (Continued) | 2020 | 2021 | Changes (B-A) | ||
|---|---|---|---|---|---|
| Principal Budget | Supplementary Budget | Sub Total (A) | Principal Budget (B) | ||
| Global Accelerating | 3,400 | 3,400 | 7,500 | 4,100 | |
Support Details
Competency enhancement education
Domestic pitching education designed to help participating firms enhance their essential competency before the beginning of the local accelerating program
Overseas accelerating
Startup customized programs (e.g., mentoring, networking, market survey, etc.) needed for an accelerator to enter the local market
Aid for overseas investments
Supports the funds spent for overseas investments such as overseas marketing, establishment of a local subsidiary and acquisition of foreign intellectual property rights
Global Accelerating Procedures
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STEP01 Recruit Startups Announcement & application submission
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STEP02 Assessment & Selection Startups x-evaluated and chosen by an overseas accelerator
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STEP03 Competency Development Education Domestic pitching training for enhancing the competency needed for penetration into overseas market
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STEP04 Local Program Both online & offline accelerating program for settlement in the local market
Contact (Global Accelerating)
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Global Growth Policy Division, Ministry of SMEs and Startups
Tel. +82-42-481-6815, 1655
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Global Business Division, Korea Institute of Startup & Entrepreneurship Development
Tel. +82-2-3440-7312, 7322, 7325
How To Participate In Global Accelerating Support Program
Submission Period
During 2021
How to Apply
Online application or submission
Required x-documents
Application form, business plan, etc.