Do you have an innovative business idea? If so, Invest Seoul will assist you in starting your business journey in Seoul. Develop your idea and reap various benefits to successfully launch your business.

​​Invest Seoul, a business navigator for global companies and investors, holds the 12th Foreign Start-up Idea competition “A Big Think”. This competition provides an opportunity for foreign (pre)entrepreneurs with outstanding ideas and technology to start a business in Korea without a capital investment.

The team that passed the preliminary round will be given the opportunity to further develop the business idea through business model consulting and the top five winning teams will be given not only prize money but also technology start-up Visa (D-8-4) points, so we are looking forward to much interest and active partipation from foreign (pre)entrepreneurs.

● Schedule

  - Recruitment : June.24(Mon) ~ July.12(Fri)                                                                 

  - Preliminary round (Application review) : July.22(Mon) ~ July.25(Thurs)                           

  - Result announcement : July.31(Wed)                                                                       

  - 1:1 Business Model Consulting : Aug.5(Mon) ~ Oct.11(Fri)                                     

  * For those who pass the Preliminary round                                                               

  - Final Round (Presentation) : Oct.24(Thurs)

● Final round location : Seoul Global Center 9th floor

● Who can apply

  - Foreigners(1 person or 1 group) with technology-based ideas                   

 * technology-based Business model : ​Any product or service related or combined with technology such as manufacturing, smartphone, App, IoT, web, etc.                         

 * Korean-foreigners mixed team, the foreigners must be the representatives of the team     

 - Should(shall) be able to legally stay in Korea and have undergraduate or above from Korea or overseas                                                                                                 

 * For the companies already founded, only 2024 established ones are available

● Benefits for winners

  - Start-up Visa(D-8-4) prerequisite 25 points                                                             

  - Money prize 13,500,000 won in total                                                                     

  - 1:1 BM consulting 

If you're keen on joining, don't miss out—apply for the program by July 12th and pave your way towards entrepreneurial success in Seoul. Website for apply (https://shorturl.at/duyVp)

* If you are curious about the recent competition, you can check out the live appearance of the event on the official website of Invest Seoul(investseoul.org → news) or YouTube(youtube.com/investseoul).

** The Overall Assistance for Start-up Immigration System (OASIS) is a program operated by the Global Startup Immigration Center (KIPA & KPC) and designated by the Minister of Justice and the Minister of Small and Medium Venture Businesses. This OASIS program has been implemented since 2013 to boost domestic start-ups and create jobs for foreign start-ups with excellent technology-based ideas, and provides start-up visas and start-up support to foreigners who want to start a business in Korea. If you are curious about the OASIS program? visit (oasisvisa.com)