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
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?
- Understand the local ecosystem of South Korea and Singapore
- Meet potential clients, advisors, industry experts, and VCs
- Learn from local and international startups as they share their market entry success stories
- Insights into how to do/not do business in South Korea and Singapore (including legal requirements, how to approach corporates etc.), and cultural familiarization
- Networking at local events to give our startups exposure to the local innovation ecosystem (corporates, VCs, other startups, and government)
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 of Economic Affairs and Energy (BMWi), participation fees are subsidised and kept low to cover operational expenses.
The program costs 750EUR per individual (covers both virtual program and the local immersion). It does not include travel and accommodation costs, which have to be covered by participating companies.
How can I apply?
Please register for your interest here.
You will be notified via email once applications are open.
Apply Now for Our Virtual Program
Program Edition
In lead up to our Singapore & South Korea immersion program taking place later part of 2020, we will be running our program content virtually for you to access market insights, 1:1 business matching and strategy workshops. Sign up now for our virtual programs!
DATE
WHERE
20 - 27 April
4 - 11 May
Singapore Virtual
South Korea Virtual (Immersion dates to follow)
Singapore
Your launchpad to Asia
Each immersion program features a deep dive into Singapore’s ecosystem – establish valuable first connections with key players in the world’s leading startup hub. Learn how to set up shop in your Global-Asia node for innovation and technology.
Next Step Asia is powered by German Accelerator and supported by the German Federal Ministry for Economic Affairs and Energy (BMWi).
