Korea-Arab Startup Pitch Competition is open to innovative startups and pre-entrepreneurs who would like to advance into the Arab world. It aims to provide financial support and professional mentorings for the startups with creative ideas and passion to develop their ideas or products further.
[Co-hosted by]
Korea-Arab Society(KAS), Korea International Trade Association (KITA)
[Sponsored by]
Ministry of Foreign Affairs of the Republic of Korea, S-OIL Science Prodigy and Culture Foundation
[Eligibility]
Koreans and Arabs living in Korea of prospective entrepreneur(s) or startup(s) with Arab-related business ideas
※ Additional points are given when Koreans and Arabs form a team(For foreigners, residence card and visa must be submitted before expiration)
[Category]
No limitation
※ However, items that have received more than 30 million won in prize money from other contests or that may infringe or will infringe intellectual property rights such as patents or utility models of others cannot apply
[Competition type and prizes]
① START-UP DIVISION : Open to start-ups or individual/corporate businesses with items related to the Arab region
Benefit
- Prize money : 1st place 20 million won, 2nd place 10 million won, 3rd place 5 million won, 4th~5th place 500 thousand won
- Mentoring on startup business growth strategy
- Business space rental benefits at KIZAD in Abu Dhabi, UAE guaranteed
- Opportunity to participate 2024 NextRise for exhibition booth (1st placed team)
② IDEA DIVISION : Open to Koreans and Arabs who have creative ideas to develop in the Arab region business market
Benefit
- Prize money : 1st place 5 million won, 2nd place 2 million won, 3rd place 1 million won, 4th~5th place 250 thousand won
- Mentoring on startup business growth strategy
- Business space rental benefits at KIZAD in Abu Dhabi, UAE guaranteed
[Application Period]
1 September 2023 ~ 9 October 2023
[How to apply]
Click [Apply] at the bottom of the homepage and fill out the application form
① START-UP DIVISION : Required submission of business plan
② IDEA DIVISION : Submit idea proposal (Optional)
Korea-Arab Startup Pitch Competition website : https://www.koarabstartup.org
■ Contact
- Tel : 02-6953-1310 (Weekdays from 9:30
to 18:30)
- E-mail :
koarabstartup@contestweb.net
