Over the last few years, many countries have turned their attention towards the Indian startup ecosystem, and prime among them is the Republic of Korea. In a new initiative, the K-ICT Born2Global Centre, a Korean government agency under the Ministry of Science & ICT contributing to the country’s startup ecosystem, is organising an event, K-Global Demo Day on July 10, 2018, in the Indian capital — New Delhi.
K-Global Demo Day is aimed at strengthening the skill-set and boosting the potential of Korean startups looking at making a foray into India by helping them understand the Indian startup ecosystem. The event aims to do this by enabling deep-dive discussions and conversations with the leaders of the ecosystem. The discussions will focus on topics such as ‘Korea Startup & India Startup Ecosystem and Cooperation Model Between Korea & India’.
The cross-country initiative is aimed at engaging with and connecting startups to fuel innovation and value-added growth in a global business playground.
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The event will also have pitch sessions by eight Korean and four Indian startups in front of a panel of judges. At the end of the event, one Korean and one Indian startup stand to win $1,000 each. The event, which is brimming with opportunities for startups and ecosystem stakeholders, has a lot in store in terms of networking and collaboration opportunities.
The Born2Global Centre envisions becoming a hub that will enable partnerships between investors, accelerators, and support agencies who can, in turn, engage with each other on a common platform and help startups find their advantageous spot in global marketplaces.
Increasing Global Linkages With Indian Startup Ecosystem
The Indian population, which offers a massive talent pool, a large customer base, and a userbase constantly looking for solutions, has been the single biggest driver of the thriving startup ecosystem in India. Currently, there are over 20,000 startups in India across domains, with newer ones mushrooming every day.
Be it for investments, innovation, technology, or talent, India is seeing a lot of interest from global investors and business makers in tow. With a view to capitalise on the immense potential of the Indian startup ecosystem and customer base, startups from across the world are looking to either expand their market or set up base here.
In fact, the Indian startup ecosystem is touted as being value-driven with a high global potential in terms of investments, technology, strategies, and partnerships. No surprises there, with the largest deal in the world’s ecommerce history — the $16 Bn Walmart-Flipkart deal — going down in India!
So, if you’re a startup or ecosystem stakeholder looking east and want to network with the Koreans, click here to register for attending the event!