With the doubling of startup support facilities by 2022, Seoul is poised to become a regional hub for both local and foreign startups and innovators looking to explore new business opportunities.

Unlock new opportunities in South Korea’s high-growth sectors 

HealthTech

South Korea is the world’s 9th and Asia’s 3rd largest medical devices market.  Take advantage of the country’s high demand for innovative solutions that will address its shrinking & aging population 

Korea Skyline

Smart City

With a high urbanization rate of 82% and most connected online markets, South Korea is also the 1st country to launch 5G network.

Smart Factory

Find out how to benefit from government incentives for companies developing Smart Factory technology as South Korea aims to build 30,000 smart factories by 2022. 

What can you expect?

  • Explore business opportunities in South Korea and Singapore to scale into Asia, through meetings with local government representatives, among others
  • Learn about South Korea business culture and how to engage with South Korean corporates
  • Attend 1:1 meetings with potential customers or partners.
  • Learn from international startups and local innovators who will share their experiences of scaling businesses in South Korea and Southeast Asia
  • Learn how to set up your business and tailor your solutions in South Korea and Singapore
  • Network during local ecosystem events with an audience of established companies, VCs, mentors, and government representatives
Program Overview

Key info

Who can apply?

Must be a Germany-registered startup* from any sector or industry, with:
– Traction in the German market
– Or a product (at least MVP) that is destined for the Asian market
– Or interest in the Asian market

*The program is also open to German VCs and incubators.

How much does it cost?

As the program is supported by the German Federal Ministry for Economic Affairs and Energy (BMWi), participation fees are subsidised and kept low to cover operational expenses.

The virtual program costs 500EUR per startup (up to a maximum of 3 participants).

Program Schedule 2021

DATE
Jul 12 - Aug 27
(Apply by Jun 2)
WHERE
South Korea Virtual Program (Sustainability Focus)

Our Network

Next Step is powered by German Accelerator, which is run by German Entrepreneurship GmbH and is supported by the German Federal Ministry for Economic Affairs and Energy (BMWi).