Build a Startup in South Korea: Government Resources for Foreign Entrepreneurs

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Startup and Nation

Meng Fei Shen

17 episodes

5 days ago

Where startup meets government, academia, and global innovation Let’s talk opportunities. Across countries, industries, and sectors. We’re here to breakdown the network siloes to uncover emerging opportunities and ventures across the global startup ecosystem. This podcast is for founders, investors, academics, governments, and anyone who wants to nerd out with us on the creative ways startups can engage with various sectors and markets (and vice versa!).

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Entrepreneurship

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Build a Startup in South Korea: Government Resources for Foreign Entrepreneurs

Startup and Nation

31 minutes 15 seconds

7 months ago

Build a Startup in South Korea: Government Resources for Foreign Entrepreneurs

The land of K-pop + K-beauty could also be the place to build your next startup 🇰🇷

In this episode of Startup and Nation, I chat with Clément Metharam, Chief Partner Officer at the Global Startup Center (GSC).

Funded by the Ministry of SMEs and Startups, Republic of Korea and KISED (Korea Institute of Startup & Entrepreneurship Development), the GSC supports foreign entrepreneurs in South Korea in everything from patent and legal workshops, VC pitch-offs to visa assistance services.

Clement shares:

- K-Startup Grand Challenge - annual program opened to foreigners to prospect the Korean market

- Similar to Defense Advanced Research Projects Agency (DARPA) in the US, Korea has a startup agency within each ministry, including Defense Acquisition Program Administration (DAPA), Ministry of Culture, Sports and Tourism, 중소벤처기업진흥공단(Korea SMEs Startups Agency).

- French - Korean startup collaborations, supported by organizations such as La French Tech Seoul, Business France Korea, and FKCCI French Korean Chamber of Commerce and Industry.

- Why the Korean market and how to succeed as a foreign entrepreneur in Seoul

⌚️Timestamp

00:00 Meet Clement: From France to Korea 03:06 Mission of the Global Startup Center04:04 Support Services for Foreigners 05:41 Korean Startup Ecosystem: Open Innovation and Key Industries11:55 Advice for Foreign Startups20:43 Building Bridges Between France and Korea24:34 Building Partnerships in Korea's Ecosystem29:09 Conclusion and Final Thoughts