T-Hub and Korea SMEs and Startups Agency (KOSME), an initiative of the Ministry of SMEs and Startup of the Government of South Korea, on Tuesday announced that they had shortlisted 10 early-stage South Korean startups for the Startup Accelerator 2020 market access program.
The startups will benefit from new business opportunities, market understanding, access to customers and a deeper understanding of the Indian market. T-Hub’s partnership with the South Korean Government will create ample opportunities for the startups to scale up in the Indian market.
The startups were shortlisted after a rigorous evaluation process by subject matter experts from T-Hub and KOSME. T-Hub will execute the acceleration program virtually in view of the pandemic, and the startups will undergo intensive training for two months.
Startups accepted into the Startup Accelerator program will also receive guidance from T-Hub via a rich curriculum of activities, specifically designed to help the startups explore business opportunities in the Indian market. In addition, the startups will undergo various online workshops/webinars, mentor hours, founders’ talk, interventions and sessions with subject matter experts and mentors of T-Hub.
Ravi Narayan, CEO of T-Hub and Chief Innovation Officer, Telangana, said in a statement, “The need of the hour for the startups across the globe is to swiftly adapt to the new changes and seize the unique opportunities presented by the pandemic. We not only support these deserving startups but also ensure that all the stakeholders benefit from the program. Startup Accelerator program has been designed specifically for South Korean startups to help them establish a firm foothold in the Indian market.
T-Hub will be acting as their partners to support and guide them. T-Hub’s collaboration with KOSME will provide international market access to South Korean startups and facilitate connections with key stakeholders.”
Jung Hwan Moon, Chief Representative India, KOSME, said, “KSC New Delhi Start-up Program 2020 is one of the Flagship Initiative taken by MSS (Ministry of SMES & Start-up of South Korea) with the agenda of K startup Go Global. T-Hub being the main driver of this program, I strongly believe that this 2 month of intensive training will help the startups to build a strong foundation for their business in India.”
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