An opportunity to participate in a Korean Start-up challenge has been extended to Zimbabweans.
Dubbed K-Start-up Grand Challenge 2017, it was opened to Zimbabwean start-ups this year and is funded by the Korean government .
By Kudakwashe Pembere
“The K-Startup Grand Challenge 2017 is now open to Zimbabwean startups. A great opportunity to expand your startup to Asian markets. 800K up for grabs. Don’t miss out!,” said Impact Hub Harare on a Facebook post.
The deadline for applications is June 7.
Startups selected will receive $12,000 to cover living expenses over four months, plus funding towards round-trip flights to Korea.
Non-financial incentives include office space and prototyping facilities in a $160 million startup campus, located within walking distance of many Korean tech giants like Kakao and Naver, and a 14 minute subway ride from Gangnam.
Tech startups that are less than five years old and have an MVP (minimum viable product), can apply online for this year’s K-Startup Grand Challenge by June 7. The program kicks off in the fall.
Korea is also home to global brands like Samsung, LG and Hyundai who have signed on to support K-Startup Grand Challenge. On account of the nation’s manufacturing heritage tech talent is abundant. This presents startups with a fertile recruiting ground. Bloomberg also ranked Korea No. 1 in its annual innovation lists in 2015 and 2016.