Text Credits: Shibul Pavithran 

A  delegation of two members from South Korea visited the Maker Village, India’s largest electronic incubator in Kochi the other day, in connection with the K-Startup Grand Challenge 2018 to be held in Seoul in July, which will open a window for startups to compete and win attractive prizes.

The contest is being organised by the National IT Industry Promotion Agency, Korea (NIPA), which will give access to the contestants to Korea’s top tech companies with expertise ranging from smartphones and softwares to semiconductors. Besides presenting immense investment opportunities for Indian startups, it will also pave the way for Korean startups to come to India and operate.

The delegation, involving  HyoGeun Kim, executive director, NIPA and Tak Lee, executive advisor, NIPA, said they were much impressed by the support and encouragement given by the Kerala government to boost the startup ecosystem in the state. “Some of the most modern equipment in the Maker Village is a perfect example of this,” they said.

The screening and interview of the competition, which is open to all the South West Asian countries, will be held at Bengaluru in July. Interested startups can begin applying through NIPA’s website, for which the closing date is June 14.

80 participants will get the opportunity to take part in the contest which will be held in Seoul. First, second, and third prize winners will get $10,0000, $40,000 and $20,000 respectively, followed by a consolation prize of  $6,000. Those who are selected will get the opportunity to live in Korea for six months. Also, the first 40 startups will get monetary assistance worth Rs 15L.

For more details of the contest, visit https://www.k-startupgc.org/

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