Institutions wishing to participate as glocalization partners are requested to submit their applications by 20th of Oct., 2021@23:59(KST).
* Glocalization : Compound words of “Global” + “Localization”. It stands for total process and strategies when the company try to enter the specific local foreign markets.
– (Discovery of AI startups) Discover and validate promising AI startups in Seoul
– (Business Development) Provide customized market validations and solutions for each participant
– (Preparation for Glocalization) Enhance cross-border business capabilities of AI startups for glocalization on-site program forthcoming next year
– Number of participants(AI startups) : 5 AI startups for each program
– Number of partners(Glocalization partners) : 2 partners
* Priorities will be provided to the selected partners for on-site program next year
– Target regions : The U.S. and(or) Asia Countries
– Program method: Online
* The details of online program will be proposed by the partners
– Budget : Up to KRW 35 million for each program(partner)
– Program period : 4~6 weeks
– 1 partner for the U.S. market and 1 partner for the Asian market
– (Selection) Review and evaluate applications of candidates jointly to select promising AI startups(participants)
– (Planning) Discuss KPIs and program activities proposed with AI Yangjae Hub and revise the details for the participants
– (Training) Provide the selected participants with structured training such as educating, coaching and mentoring regarding market and ecosystem overview, business development, value proposition, global market entry, pitching, and so on
– (Supporting) Outreach potential clients/partners for each participant and help them be prepared for business meetings regarding contract, PoC, licensing, distribution, investment, and so on
– (Reporting) Submit a report indicating activities, achievement, and analytical information of each participant after completion of the program
– International Institutions or companies which are able to assign at least one designated staff to communicate with AI Yangjae Hub
– International Institutions or companies which have more than 5 years experience of investing in overseas startup(s) or operating acceleration(training/supporting) programs for overseas startups
– International Institutions or companies which possess the network consists of at least 10 experts and/or mentors specialized in AI, business development, market entry, and so on
– International Institutions or companies which possess the network consists of at least 10 potential partners/clients in the U.S. and Asia countries
– Consortiums apply is allowed
– One participant of the consortium should be designated as the leader and take all the responsibility for the program
– Where to submit : is.lee@ai-yangjae.kr
* Please submit the file in PDF format
* Document No. 2 must be written within 20 pages excluding the cover and table of contents
* Documents No. 1~4 are compulsory
* There are more than 200 AI startups membered in AI Yangjae Hub
– Track records and achievements (ex, investments, operation of accelerations, etc) of candidate
– Understanding of the startup and ecosystem in their region
– Clients/partners network in the region
– Excellence of internal and external personnel who can be deployed in the program
– Appropriateness of Milestones and KPIs
– Originality and Concreteness of program contents (ex, lectures, mentoring, outreach)
– Feasibility of the operation plan
– Proactiveness for the program
– Adequacy of detailed cost calculations for the program based on KRW 30million
– Additional factors regarding the program
* If the candidates intentionally or negligently imitate or steal other institution’s project, the selection will be cancelled
* Submitted documents will not be returned
E-mail : is.lee@ai-yangjae.kr