After five successful editions, the K-Startup Grand Challenge is back in 2021. Launched by South Korea’s National IT Industry Promotion Agency (NIPA), the programme invites startups from worldwide to leverage Korea’s booming startup ecosystem to expand across Korea and Asia. With the COVID-19 pandemic pushing the need for innovative solutions and entrepreneurs building products that cater to the needs of the new normal, South Korea is evolving as a hub of innovation with its robust startup ecosystem and unfettered access to cutting-edge technology.
Here are the top 10 reasons why you should apply this year:
1. Gateway to Asian markets
With a burgeoning economy and a rising growth trajectory, South Korea is among the most lucrative markets in the Asian region. By making inroads into the country’s startup ecosystem, entrepreneurs can score opportunities in other countries like Japan, China, Hong Kong and Taiwan as well.
2. Cutting-edge technology
Apart from having the world’s…