DARe inviting ICT businesses to join virtual ASEAN-Korea Startup Week

The programme provides startups the opportunity to pitch to Korean venture capitalists and network with industry players on business opportunities

The ASEAN-Korea Startup Week in 2018. Photo: AKC

Darussalam Enterprise (DARe) is inviting local ICT businesses to join the ASEAN-Korea Startup Week which will be held virtually this December.

The ASEAN-Korea Startup Week, now in its third year, provides startups from the ASEAN member states the opportunity to pitch their concepts to Korean venture capitalists and industrialists for investment and business opportunities.

The programme is also expected to host workshops and sharing sessions between startups from the 10 ASEAN member states and South Korea. Participants will also learn about South Korea’s startup ecosystem and their government’s policies to support their growth.

Due to the ongoing COVID-19 pandemic, the event will be held virtually for the first time. DARe will be selecting four companies to represent Brunei, with the organiser ASEAN-Korea Centre (AKC) making the final decision on participation.

Applying businesses should be early stage startups and need to be within the field of information and communications technologies; with an emphasis on businesses that embracing the fourth industrial revolution with associated solutions including artificial intelligence, data analytics, AR/VR and fintech. Representatives must also be fluent in English.

Secretary General of AKC Lee Hyuk has said that strong startup growth within ASEAN is an opportunity for both parties to be more involved in.

“With over eight unicorn companies including the well-known Grab, Go-jek, and Traveloka among others, ASEAN today has emerged as the new breeding ground for startup businesses. By building a common startup ecosystem and an innovation-friendly environment in both regions, ASEAN and Korea can further expand cooperation in this area with a view to enhancing our global competitiveness,” he said.

He added that ASEAN thriving startup scene can be attributed to widespread adoption of smartphones and mobile applications and a young population with a rising interest in starting tech companies.

Last year, Brunei was represented by Memori, Think Axis Solutions, Beep Digital Solutions and Hoco Agency.

Companies interested in applying need to fill in a registration form and company profile form – downloadable from DARe’s website – and submit by email with their identity card and passport copy to [email protected] with the subject RE: Applicant [COMPANY NAME]  ASEAN-Korea Startup Week by September 28.

Questions can be directed to the same email or 238 4830 extension 210/234.

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EXTENDED DEADLINE ASEAN-Korea Centre (AKC) are looking to nominate four (4) companies to participate in the ASEAN-Korea Startup Week held in the First week of December (to be confirmed soon) via online. Event information: · The program is targeted to startups at their early stage in which ASEAN startups will have opportunities to expand networks and explore potential business opportunities with Korean venture capitalists · This program aims to provide platform for mutual exchange of experiences and good practices in nurturing ICT startups between ASEAN and Korea Objectives: · Provide an opportunity to broaden and strengthen the network among B2B and B2G of the respective AMS and Korea · Provide a platform for ASEAN Startups to showcase their business model to potential investors General Eligibility: i. Within the Information and Communications Technology (ICT) ii. Related to the technologies and Service of the 4th Industrial Revolution including AI, Big Data, AR//VR, Untact, Fintech, Iot, etc. iii. Must be fluent in English Any interested companies who meet the general eligibility will have to fill in the registration form and company profile form at www.dare.gov.bn/asean-korea and attach their identity card and passport and submit it to International Research and Cooperation (IRC) at [email protected] with subject RE: Applicant [COMPANY NAME] ASEAN-Korea Startup Week by 27th September 2020 before 3pm. Final selection is based on selection criteria as well as the assessment of materials submitted from applicant. Final selection will be made by the organizer. For queries, please email [email protected] or call 238 4830 extension 210/234 (for attention to: DARe International Research Cooperation- IRC)

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