2018 Announcement of Recruitment of Seoul Startup Hub Global Partners

Seoul Startup Hub is recruiting Global Accelerator for Cooperation to enhance global competitiveness of promising startups of and startup ecosystem of Seoul. Please apply according to the instruction as follows if you are interested.

Nov. 16th. 2018

Seoul Business Agency

Ⅰ		Overview

❏ Purpose

To Support the start-ups in Seoul to expand to target markets and enhance global competitiveness of startup ecosystem of Seoul by attracting foreign agencies that have the ability to cultivate start-up companies and to link follow-on investment.

❏ Summary of Recruitment

❍ Method of Recruitment : Rolling Recruitment and Documentary Assessment

❍ Quota : 4 companies

* If no qualified candidate applied or the mutual negotiations collapsed, the recruitment may be invalidated or the size of selection is reduced. In this case, Seoul startup hub can re-announce the recruitment to find eligible partners under different conditions.

❍ Contract Period : up to 3 years

* 1 base year + prolonged by every year through assessment on the performance of each year

❍ Requirements

- Any independent or joint venture incorporated under Korean law in relation to overseas accelerator, Korean branch or liaison office.

- Korean company in cooperation with overseas accelerator as an official partner in Korea through exclusive partnership

※ proprietorships and individuals are not eligible.

Ⅱ		Cooperation Details

❏ Major Activities of the Global Partners

❍ To recommend startups for Seoul Startup Hub’s global startup support program (up to about 2 companies a year).

❍ To Strengthen abilities of promising Seoul startups to expand their market globally by offering adjust information of their target market (of the city/state where the Accelerator’s head is located), other supportive programs in any form to strengthen Seoul startups’s abilities to access Global market.

❍ To support growth for foreign startups wish to entering in Seoul market by offering office hours or programs.

❍ To develop and carry out supportive program in any other form for global startups to support in cooperation with Seoul Startup Hub by sharing budget and role.

❏ Seoul Startup Hub’s role

❍ Provide Exclusive Co-working Office for Global Partners for free

* Use of private meeting room, lecture room is free by reservation.

* the seats and spaces might be adjusted in regard of the numbers of employees

* Every adjustment is done by the modification of contract.

❍ Seoul startup hub will offer grant-in aid and other resources to support growth to those startups recommended by the Accelerator(up to 2 companies a year) after one additional screening to selection.

❍ The companies under Seoul Startup Hub’s services can spend  their grant-in aid money for the accelerator’s program as he or she is designated of the official partners.

❍ Seoul startup hub is also willing to share & role to develop and carry out innovative program to support international startups suggested by the accelerator.

❏ Construction of Space

1st Floor of Annex Building

Ⅲ		How to Apply

❏ Process

① Application Period : Nov. 16th. 2018 ~ until application is complete

② Announcement Channel : Homepage of Seoul Startup Hub

③ Apply Process

1) Check the notice of Application in Homepage of Seoul Startup Hub

2) Download the Document and Fill In

3) submit the documents and proofs required according to the proposal form via email(hi2semin@sba.kr).

④ Appendix : ‘Business Proposal of Seoul Startup Hub Global Partners’

Ⅳ		Evaluation Schedule

❏ How to Evaluate

① Documentary Assessment : Screening by Evaluation Committee

* screening will be bimonthly or quarterly.

* results will be notified via e-mail individually.

* It will be out when the grade is under 70 score.

② Proof Verification

③ Final Selection

④ Contract

⑤ Cooperation Progress

❏ Valuation Criteria : understanding of program, ability of performance, plans for cooperation...etc(qualitative assesment)

Ⅴ		Notes

❏ If the contents of the proposal are different from the facts or found to be false, the designation can be canceled even after a selection.

❏ Contact : Semin. Lee, Manager of Seoul Business Agency(hi2semin@sba.kr)

Attachment list 1. Business proposal for Seoul Startup Hub Global Partners(with company portfolio)