Accelerators in Korea (2017)
| Design elements | PRIMER The first start-up Accelerator in Korea | NEOPLY Leading corporate Accelerator led by Neowiz | SPARK LAB Specializes in global advancement |
|---|---|---|---|
| Education/Programs | Internship program for start-up mentoring and education. Systematic and practical mentoring The “Demo Day”: Once a year, showcase business models and products/services Continuous mentoring based on the seed money investment Incubating activities: generating sales and profits, or helping to attract the next level of investment. Early start-up: team building, BM establishment, prototype/prototype implementation, early investment Training and seminars: management, law, marketing, market conditions, technology Counseling services: exchange technology and information Training/Networking PR/HR support through 4 primer workshops Primer Entrance Program: Entrepreneur’s Internship is an abbreviation for entrepreneurship experience and education program | Weekly meetings to diagnose and coach A 6-month on-site residency Workshops: 1:1 office hour with in-house VCs Closed Demo Day: mostly angel group and in-house investment arms | World-class team of mentors Each start-up gets matched with 4-6 mentors Professionals in each industries (e.g. Internet of Things, mobile, online games, e-commerce, digital media, hardware, healthcare and the internet) Weekly teaching sessions: learn from and network with renowned Korean and international entrepreneurs. 3-month Accelerator program: twice a year Exchange of feedback Demo Day: attended by Korean VCs and VCs from all around the globe |
| Investment opportunities | Investor pools consisting of individual investors, corporations and public organizations | Investor pools consisting of individual investors, Neowiz and its VC investment arm, GEON | Investor pools consisting of individual investors, corporations and public organizations |
| Facilities | Location services: NA | Office space rental in Pangyo Valley | Office space in Maru: a fully equipped facility with free access to the Global Accelerator Network (GAN) |
| Industry/sector | No limitations on the type of business and field, free of charge for participating | Internet, mobile, e-commerce and digital media sectors (no gaming) | Internet, online gaming, mobile, e-commerce and digital media sectors |
| Regional/Multinational concentration | SZZ Partners, Strong Ventures and Spigen Korea provide mentoring for overseas expansion Overseas workspace (LA), and marketing/distribution channels for global expansion | Offices in Tokyo and Shanghai Support for overseas expansion through Shanghai’s Neoply China and Tokyo’s Game-on | Search for entrepreneurs who have a vision to expand into the USA, China, Japan and other regions and want to build a global enterprise |
| Funding structure | $20,000 up to 10% equity | $20,000 up to 10% equity Special offers: cloud services including AWS, Toast, IBM, badge/accounting | Up to $40,000 investment by company and up to 6% equity acquisition Perks of $900,000 or more (legal services, etc.) |
| Alumni relations | Continue to receive additional investment M and A, consulting and mentoring for company management as a member of the Primer Club | Monthly networking event with Neoply graduates |
| Design | PRIMER | NEOPLY | SPARK LAB |
|---|---|---|---|
| Education/Programs | Internship program for start-up mentoring and education. | Weekly meetings to diagnose and coach | World-class team of mentors |
| Investment opportunities | Investor pools consisting of individual investors, corporations and public organizations | Investor pools consisting of individual investors, Neowiz and its VC investment arm, GEON | Investor pools consisting of individual investors, corporations and public organizations |
| Facilities | Location services: NA | Office space rental in Pangyo Valley | Office space in Maru: a fully equipped facility with free access to the Global Accelerator Network (GAN) |
| Industry/sector | No limitations on the type of business and field, free of charge for participating | Internet, mobile, e-commerce and digital media sectors (no gaming) | Internet, online gaming, mobile, e-commerce and digital media sectors |
| Regional/Multinational concentration | SZZ Partners, Strong Ventures and Spigen Korea provide mentoring for overseas expansion | Offices in Tokyo and Shanghai | Search for entrepreneurs who have a vision to expand into the USA, China, Japan and other regions and want to build a global enterprise |
| Funding structure | $20,000 up to 10% equity | $20,000 up to 10% equity | Up to $40,000 investment by company and up to 6% equity acquisition |
| Alumni relations | Continue to receive additional investment | Monthly networking event with Neoply graduates |
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