India-Korea Startup Hub Launched Under Startup India Banner
South Korea stands 12th on the Global Innovation Index.
The country attracted $3.3 Bn venture funding in 1,400 odd startups in 2018.
'Startup Grand Challenge' launched for the India-Korea Startup Hub
Indian Prime Minister Narendra Modi has launched India-Korea startup hub in Seoul. This startup hub will serve as a one-stop platform to bring Indian and Korean startup ecosystems closer and to facilitate joint innovation between the two economies.
As part of a joint statement signed between The Korea Trade-Investment Promotion Agency (KOTRA) and Invest India on 9th July 2018, the Hub will enable collaborations between startups, investors, incubators, and aspiring entrepreneurs of both countries and provide them with resources for market entry and global expansion.
Fill out the form and a member of our team will get back to you shortly. Usual response time 1-2 hours.
PM Narendra Modi in his keynote address at India-Korea Business Symposium, said, “Both India and the Republic of Korea are giving first importance to this (startup) sector. Hence, it is natural to deepen cooperation in startups.” He further added, “The startup sector has the energy of youngsters as well as the zeal to create something unique and beneficial for fellow citizens.”
India currently has a population of 1.3 Bn people with 41.6% internet penetration. A total of over 15,000 Indian startups are registered with Startup India, among which 20 companies have earned the unicorn startup status with a valuation of over $75 Bn.
Whereas, Korea has a population of 51 Mn and the world’s highest internet penetration of 82%. Korea stands 12th on the Global Innovation Index and has over 100 startups supporting spaces such as Incubators, Accelerators and Co-working space. Korea attracted $3.3 Bn venture funding in 1400 odd startups in 2018.
‘Startup Grand Challenge’ was also launched on the India-Korea Startup Hub, this challenge is focused on the issues related to cyber threat, analytics & rural healthcare. The State Bank of India & Mahindra Rise will provide mentoring, pilot opportunities & financial support to the winners of this challenge.
Article Source: inc42
Up to 15% Returns on Investment
Fixed return investments fully backed by properties.
*15% p.a. paid at the end of the term on capital gain option*
Submit your email address and a member of our team will contact you shortly. Usual response time is 1-2 hours.
Thai Cannabis Industry sprouting New Investment Opportunities Policy to allow every Thai household to grow six marijuana plants for sale to the government is starting to take root.Thailand has built what’s being described as the biggest industrial-scale medical...
3,000 rai of land reclaimed | 330Billion Baht Investment A significant boost for the EEC and Si Racha District US energy company Exxon Mobil is committed to spending roughly 330 billion baht on its ethylene cracker and refinery expansion project in Si Racha District,...
Restraining the Thai Baht As scepticism grows amongst other World Economies Thailand’s Central Bank is in a direct discussion on how to lessen the dramatic upsurge in the Thai Baht just as the rest of the world keeps a watchful eye for signs of unfair currency...
UP TO 15% PER YEAR FIXED RETURN
3 year investment plan, ideal for first-time investors.
Flexible Payment Options
Option to receive interest payments monthly or quarterly.