The Circle FC Starts Korea Market Immersion Initiative To Boost Indian Startup Expansion In Asia

The Circle Founders Club (The Circle FC), a business accelerator for growth-stage startups, declared the Korea Market Immersion Program (KMIP), offering Indian entrepreneurs a chance to explore South Korea's startup ecosystem. The program is open for growth-stage startups in artificial intelligence, deep tech, fintech, software as a service, sustainability, and mobility.

The Korea Market Immersion Program will include a delegation to Seoul, from 9 December to 14 December 2024. Participants will experience South Korea's vibrant startup culture and build connections through a series of activities fostering cross-border collaborations. The delegates will attend COMEUP 2024, Korea’s largest startup event, which attracts over 180,000 attendees, including 2,000 plus startups and 300 plus investors from across the world. The theme of the conference is "A World Driven by Startups," highlighting innovative solutions to global challenges.

As the startup ecosystem in Asia flourishes, Indian entrepreneurs are increasingly looking to expand beyond their borders to tap into new opportunities, partnerships, and customer bases. South Korea, with its thriving economy, advanced technology infrastructure, and innovation-driven market, is emerging as a natural fit for Indian startups seeking growth in Asia. The newly started Korea Market Immersion Initiative aims to bridge this opportunity gap, offering Indian startups an effective pathway to explore, understand, and engage with the South Korean market, as per the Circle FC.

Founders will get the opportunity to participate in business-to-business (B2B) meetings with investors and corporates, visit leading innovation hubs, and meet with Korean accelerators, incubators, and government representatives. The program also includes the Indo-Korea ecosystem meetup, an event designed to connect Indian and Korean entrepreneurs, fostering partnerships between the two countries' startup communities.

Speaking about the program, Nemesisa Ujjain, Head of The Circle FC, said, “For Indian startups, the Korea Market Immersion Initiative represents a strategic opportunity to expand their footprint across Asia. This initiative not only supports business growth but also strengthens the ties between two major Asian economies, fostering greater collaboration and innovation across the region.”