Korea Institute of Startup & Entrepreneurship Development introduces various programs to support global startups entering the Korean market at Web Summit 2024.
Korea Institute of Startup & Entrepreneurship Development (KISED) announced that it will participate in the Web Summit 2024, which will be held from November 11 to 14 in Lisbon, Portugal, to actively promote Korea’s startup ecosystem and government programs for global startups.
KISED aims to create a startup ecosystem in South Korea that is inclusive and welcomes outstanding startups from all over the world to start their businesses. It will enable foreign entrepreneurs to settle down in South Korea and collaborate with Korean startups more easily. KISED is operating K-Startup Grand Challenge, Global Startup Center, commercialization program and startup visas to foreign startups with viable technology and business plans.
During the event, KISED will introduce innovative Korea’s startup ecosystem and its flagship programs such as the K-Startup Grand Challenge, Global Startup Center, commercialization and Visa, designed to facilitate the entry and growth of global startups in Korea.
The K-Startup Grand Challenge is an acceleration program that helps global startups grow and succeed in Korea by offering key support like mentorship, workspace, and funding.
At the same time, the Global Startup Center provides foreign entrepreneurs with valuable resources and networking opportunities to connect with the Korean business community.
Additionally, the Non-Korean Commercialization Program gives financial support to help startups develop their products and enter the market more smoothly.
Lastly, the Visa Support program simplifies the startup visa process, making it easier for international founders to settle in Korea and focus on building their business.
Throughout the Web Summit, KISED representatives will take part in various one-on-one meetings, roundtable discussions, and official side events with institutions, companies, and key stakeholders from around the world.
KISED aims to build connections that inspire future collaborations and highlight Korea’s startup ecosystem as an attractive, supportive destination for global startups looking to expand into South Korea and Asia.
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Millie James is an American real estate investor and Adjunct Professor in Entrepreneurship, Emeritus at Business School.
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