Asia Market Entry’s Post

🇰🇷 For decades, massive family-run conglomerates, called chaebol, have taken centre stage in South Korea's economy. However, the next chapter of its growth story may well be written by #startups. 🚀 South Korea has developed a thriving startup ecosystem thanks to tax breaks, robust government support, and a slew of accelerators and incubators. Entrepreneurs from around the world are flocking to the country to develop innovative products and tap into the local population's enthusiasm for new tech. Keen to learn more? Swipe for our round-up of key stats 📈 to know about South Korea. Stay tuned to our new series #MappingAsiaWithGGV to unveil insights into diverse regions across the globe. #SouthKorea #GlobalOpportunities #StartupSuccess #GGV

KOREAN STARTUP NEWS. Korea is a tech powerhouse with many dynamic firms and startups, but few are known outside the country. Despite significant advancements and competitive innovations, Korean tech companies often fail to promote themselves globally, resulting in limited international recognition. Industry experts emphasize the need for Korean startups to increase their visibility and actively engage with global media to overcome the so-called Korea discount. KIC DC is here to help Korean startups gain visibility in the global tech ecosystem. Please join us in supporting these talented Korean entrepreneurs on their journey! Source: KED Global #KICWashingtonDC #KoreaInnovationCenter #KICDC #KoreanStartup #Startup #TechEcosystem #Global #International #Innovation #Recognition #Visibility #Publicity

Since 2007, Seoul has been on an extraordinary path toward the technology revolution: in just 10 years it has reached the "scaleup" stage. In 2023, a total of 1,198 scaleups (startups able to raise over $1 million in funding) were registered, making Seoul 13th on the Global Scale of the most innovative ecosystems and placing it one step away from the "star" stage that characterizes ecosystems with over 1,200 scaleups. A large concentration of these scaleups forms the epicenter of an intense technology and investment hub. This unprecedented transformation has been made possible by considerable government policies to support start-ups. And again, substantial government funds allocated to support research and development have pushed companies to explore new technological horizons, creating fertile ground for innovation and discovery. The evident positive outcome of the government support in Seoul demonstrates the significant transformative potential resulting from investments for new businesses and research and development. The South Korean experience can serve as a source of inspiration for Italy in pursuing similar strategies, opening the way for greater economic growth and technological development in the country. Data source: MTB Report “Building Startup Ecosystem Stars. The World’s Life Cycle of Innovation 2023”. #MTBSES #MTBCSS #openinnovation #seoul #southkorea🇰🇷 #InnovationEcosystem #startups #techstartup #scaleups Alberto Onetti - Mind the Bridge - John W.H. Denton AO - International Chamber of Commerce - Giorgio Di Fiore - Università degli Studi dell'Insubria - Economia Insubria

Silkway Accelerator is coming back! Astana Hub announces the launch of the fifth batch of the Silkway Accelerator – an innovative startup support program in partnership with Google for Startups. Applications for participation are accepted until May 24 of the current year. The Silkway Accelerator is an intensive three-month offline course that provides participants with a unique opportunity to transform their business and develop strategies to achieve goals, scale, and increase profitability at an accelerated pace. The program is open to IT projects at the PMF (Product-Market Fit) and Scale stages from Central Asia, including Kazakhstan, Tajikistan, Turkmenistan, Uzbekistan, Kyrgyzstan, as well as Azerbaijan, Georgia, and Mongolia. Applications are accepted via the link https://lnkd.in/d7x7DpGZ #SilkwayAccelerator #StartupSupport #Innovation #GoogleForStartups #AstanaHub #TechInCentralAsia #AcceleratedGrowth #TransformYourBusiness #PMF #Scale #CentralAsiaStartups #ApplyNow #TechOpportunities #Silkway2024

🚀 Exciting times ahead for international startups in Korea!🌏 Thrilled to announce the successful collaboration between 2080 Ventures & Yanolja, focused on welcoming international startups into Korea. 🌍💼 In 2023, the mission to bring foreign startups to South Korea kicked off. The program is strategically designed to create domestic jobs, attract foreign capital, and promote successful entry and expansion based on overseas startups’ growth potential and technological innovation. Yanolja played a pivotal role by providing unique insights into the Korean market. 🌐 Yanolja hosted the '2080 Ventures Company Visit Program,' showcasing promising startups like 'Craiyon🖍,' 'ANSCER Robotics,' and 'Get Outfit' 🚀 Yanolja CEO Kim Jong Yoon Kim shared a vision for the digital transformation of the global travel industry. 🌍 Yanolja aims to be a role model for global startups, sharing insights at various global events Focusrite, GITEX GLOBAL Largest Tech & Startup Show in the World, Unicorn Summit, WiT, Skift, and 82 Startup Summit. 💡The collaboration emphasizes the importance of providing international startups with the necessary tools and knowledge to thrive in the Korean market. To ensure the program's success, Yanolja went above and beyond by offering firsthand insights into the Korean market. The company provided valuable experiences, including visits to its headquarters, sharing success stories, and networking sessions. This allowed startups to understand Yanolja's journey from a Korean startup to a unicorn and learn about the local working culture and growth strategies #2080vc #2080Ventures #startups #globalgrowth #yanolja #successstories #SouthKorea

2023 DIPS 1000 Project Go To Global - Meet the Korean & Nordic Innovation DIPS 1000 Korea Startup Global matching day held on Sep, 19, 2023. 📍Host : Korea Standards Association 📍Event Organizer : TEELABS 📍Participants : Finland & Sweden Public Sectors, Global Corporate Experts, Venture Capitalists, Korean Startups (DIPS 1000 project selected by Ministry of Korea SMEs, field : System #semiconductors , #BioHealth, #GreenEnergy) 📍Place : Tipstown S1 Tipshall The following speakers from Finland introduced Finnish innovation , Startup ecosystem and collaboration with Korea startups. 🇫🇮 노키아 James Hyochan Han_CTO of Nokia Korea 🇫🇮 Vertical Jason Hill _Lead strategy 🇫🇮 Business Finland Antti Salminen_Startup and Network manager And 10 Korean Startups made the elevator pitching in seeking for entering Northern Europe market and future collaborations. We will look forward to continuous joint development btw Korea 🇰🇷and Finland 🇫🇮startup ecosystems. !! For someone who may find further interest in South Korea's 'DIPS 1000 Startup Accelerator Program', pls visit the following link for the details. https://lnkd.in/gXN3pP2Z #startup #southkorea #finland #nordic #innovation #collaboration #systemsemiconductor #biohealth #greenenergy #businessfinlandkorea #seoul

Startup Genome's Global Startup Ecosystem Report highlights Singapore as the leading startup hub in Asia and 7th globally.🏅 The country's pro-business climate, strong support for startups, and strategic initiatives have attracted global talent and driven economic growth, particularly in tech fields. Malaysia is also experiencing a robust startup ecosystem, with Kuala Lumpur ranked the 5th most valuable emerging ecosystem in the world. Read the full report: https://lnkd.in/d7K5j5P8 #SingaporeBusiness #RecruitmentSG #ASEAN #Malaysia

If 2023 was marked by soaring efficiency and profitability, 2024 promises even more significant changes for the vibrant startup ecosystem of #Lithuania 🇱🇹. Last year, the #Lithuanian startup ecosystem welcomed ☑️ a whopping EUR 272 million in investments, with a remarkable 80% flowing into three major players: Nord Security and Surfshark (USD 100 million), PVcase (USD 100 million), and CAST AI (USD 55 million). With a thriving community of over 870 startups and close to 18,000 talents, the ecosystem contributed a substantial ➡️ €275 million to the Lithuanian budget in the first three quarters. Inga Langaitė, the visionary CEO of Unicorns Lithuania, forecasts a year of growth, especially in the second half of the year, for Lithuanian 🌐 #startups in 2024. Get to know 12 startups 🚀 in Lithuania that will be making waves in 2024 (link below in the comments). #CoCreateSolutions #InvestLithuania #LTinEU

Unveiling Key Lessons for Korean Startups Eyeing Global Expansion from COMEUP 2023 Seoul recently hosted COMEUP 2023, a pinnacle event bringing together global startups, investors, and industry experts to South Korea. Beyond the excitement and innovation, Korean startups gleaned valuable insights, offering a blueprint for those eyeing global expansion. KoreaTechDesk dissects the pivotal lessons learned, shedding light on the essential elements for successful international ventures. 1. Collaborative […] The post Unveiling Key Lessons for Korean Startups Eyeing Global Expansion from COMEUP 2023 first appeared on KoreaTechDesk | Korean Startup and Technology News . The post Unveiling Key Lessons for Korean Startups Eyeing Global Expansion from COMEUP 2023 appeared first on KoreaTechDesk | Korean Startup and Technology News . #koreatech #Tech #koreastartup #KoreaTechnews #Koreastartupnews

📢Attention Lithuanian Startups! ⏳Do not miss the opportunity to participate in K-Startup Grand Challenge program which will offer 40 startup teams and pre-entrepreneurs a 3.5-month residency in Korea with benefits like expert guidance, co-working spaces, Korean intern support, corporate partnerships with Korean major tech companies, entry to Asian markets, investment opportunities, and more. ⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀ ✔️Each of the 40 startups will receive ₩12,250,000 settlement funds per team to cover the living expenses over 3.5 months. ✔️At the end of the program, the top 20 startups get additional funding of ₩12,250,000 per team for 3.5 months for a follow-up program in 2025. ✔️ Top ten startups will receive prizes worth $400,000, and the prize money will be allocated as $150,000 for first place, $100,000 for second, $70,000 for third, $50,000 for fourth, and $30,000 for fifth. ⬇️More information in the comments!⬇️ Startup Lithuania Baltic Sandbox Ventures FIRSTPICK Contrarian Ventures Practica Capital Lithuanian Business Angel Network LitBAN #StartupsinKorea #Tech #Cooperation #LithuaniaandSouthKorea⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀