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UK and Korea in cooperation for supporting IT start-ups
This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government
UKTI teams up with the Korea's Ministry of Science, ICT and Future to support internet start-ups who are looking to international markets.
The UK Trade & Investment (UKTI) team in Korea has joined forces with the Ministry of Science, ICT and Future in its ‘Global K-Startup Programme 2013’. The programme aims to create a supportive environment for internet start-ups who are looking to international markets. This year’s programme placed importance on services with open platforms that use HTML5, as well as services related to edutainment, medicine, disaster prevention and convergence.
The programme - also supported by internet giants Google - will select 35 teams to receive operating funds of KRW 600,000 per month plus free infrastructure support from Korea’s big IT companies such as KT and NHN. The top five teams will also have the chance to travel to Silicon Valley and London to take part in global networking with international investors. It is hoped the programme will lead to greater collaberation between British and Korean start-ups in the ICT sector.
The UKTI Seoul team will help the Ministry organise the Global K-Startup Programme during their visit to London. The five teams from the programme will be visiting Tech City for 5 days during the visit in November to see first hand how British companies are developing their expertise in this field.