Open Innovation Strategic Challenge
Funds Korean startups solving defined technology problems with large companies and public institutions.
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.
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