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Open Innovation Strategic Challenge

Open Innovation Strategic Challenge

Funds Korean startups solving defined technology problems with large companies and public institutions.

Between cyclesMinistry of SMEs and StartupsSouth Korea

Korean startups can receive up to KRW 140 million to solve a defined problem with a large company or public institution. The Ministry of SMEs and Startups runs the Strategic Challenge Track inside its public-private open-innovation program. Participating organizations first define the problems they need solved; startups then apply against those concrete briefs rather than pitching an unrelated pro…

Covers proof-of-concept and commercialization projects that answer technology challenges set by corporations and public bodies.

CycleiHow often this grant runs — e.g. annually, on a rolling basis, or a one-off call.Annual
Next deadlineiThe next date applications are due. Rolling means you can apply any time.—
Decision timeiTypical time from the deadline to the funder's decision.—
Project durationiHow long the funded work is expected to run.—
Award typeiThe form of funding — grant, equity, loan, tax credit, etc.Grant
Match fundingiThe share of project costs you must cover yourself. 0% = fully funded.—
Funding pooliThe total budget available across all awards in this round.—

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Last verified: 5 Aug 2026Source: www.mss.go.kr