K-Startup Grand Challenge 2017 Indonesia

K-Startup Grand Challenge 2017 Indonesia

10 July 2017

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<p><img alt="" src="/ckeditor_assets/pictures/58/content_posterphoto1-2.jpg" style="width: 800px; height: 600px;" /></p>

<p><em>(Judges for K-Startup Grand Challenge 2017 Indonesia at JSC Hive Kuningan Event Space)</em></p>

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<p>South Korea is the world&rsquo;s most connected country, with 95% of the country covered by Wi-Fi, it has the fastest average internet connection in the world and also the highest number of broadband services per-capita. Koreans are also known to be early adaptors of newly invented technology or applications; they are willing to buy newly released tech and apps for the sake of consumer testing. South Korea is conveniently located in the Eastern Asian region, and it is a strategic location for startups to grow and thrive. With a supportive government, their startup ecosystem is well-structured and has a lot of potential for development. Other than the ecosystem, Korea&rsquo;s startup scene is also maturing, with the government injecting US$2 billion every year for entrepreneurs to meet the necessary funding they need.&nbsp;</p>

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<p>K-Startup Grand Challenge is a global annual startup challenge backed by multiple investors from South Korea. In 2016 itself, startups around the world have set their eyes on Seoul as 2,439 firms from a total of 124 countries compete to be mentored and funded by prominent South Korean investors. Winning the challenge doesn&rsquo;t only benefit the founders in financial ways, but also corporate sponsorship and support from companies such as Samsung, Naver and Hyundai Motors. One of the Indonesian participants, a startup called Litly, made an app to help people who hate handling loose change, turn it into electronic change that can be used; with the hopes of being expanded to South Korea and decrease the amount of wasted change in the world.&nbsp;</p>

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<p>Hosted by <a href="http://evhive.co">EV Hive</a>, the Indonesian round of competition was held on the 7th of July in JSC Hive Coworking Space Kuningan. EV Hive has always been an organisation that supports and opens up opportunities for entrepreneurs to kick-start their ideas into life. The event space was filled with judges, both from Korea and Indonesia and the participants. It was a lively afternoon filled with discussion and the exchange of brilliant ideas. According to Mr Arry Tantra from Bima Multi Finance, the startup ecosystem in Indonesia has evolved. He fully supports the challenge in the hopes of Indonesian startups getting the deserved global exposure.&nbsp;</p>

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<p>EV Hive would like to thank the judges, who did an excellent job judging fairly and with an open mind. Last but not least, the attendees. Thank you for coming together and participating in the K-Startup Grand Challenge, your ideas have been great and eye-opening; without you, there is no challenge. See you in next year&rsquo;s challenge!</p>

Category: startup, startup event, startup challenge

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Tiffany Khosasih

A 21 year old marketing and startup enthusiast who loves putting words together for people to relate and learn.