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GLOBAL

Leap Forward Together with Asian Cities in Busan

FLY 50 PITCHING COMPETITION

  • “FLY ASIA 2024” is an exhibition held in Korea exclusively for start-ups. Including leading start-ups, around 10,000 experts, stakeholders, venture capital firms and accelerators will participate in the event.
  • We will create a mutually beneficial investment environment between Korea and Asian countries and promote cooperation in the technology-based start-up ecosystem.
  • In addition, we aim to discover and award excellent start-ups in Korea and Asia, providing cooperative opportunities to link business networks between regions, and support global expansion efforts through mutual cooperation.

Overview of Participating Companies

  1. Number of startups recruited : 50 startups teams
  2. Recruitment target : Innovative Asian start-ups with overseas expansion potential and plans
  3. Select one of the 6 areas to apply for, no duplicate applications allowed
    Recruitment Section
    Recruitment Section Recruitment Areas
    Digital Innovation AI, blockchain, quantum computing, AR·VR, metaverse, finance, logistics, etc.
    Bio Health Medical devices, medical services, marine/pharmaceuticals, bio, etc.
    Energy Tech Secondary batteries, hydrogen energy, power semiconductors, ESS, etc.
    Digital Innovation All industries
    Advanced Manufacturing Electric vehicles, eco-friendly smart ships, future aviation, robots, composite materials, etc.
    Lifestyle Shoes, fashion/clothing, blue food, coffee, cosmetics, disaster/safety, etc.
    October Video/movie content, design, film/video content, games, tourism, etc.
  4. Recruitment Requirements
    Recruitment Requirements
    Recruitment Requirements
    • Companies established after January 1, 2018 (within 7 years of establishment)
    • Companies with products or services that can enter overseas markets
    • Companies that can smoothly communicate in English (at least one person per team)
    • Companies that have a prepared IR pitch deck in English
  5. Excluded Participants
    Excluded Participants
    Target Participants Excluded
    • Start-up products/services with antisocial characteristics, such as gambling and environmental pollution
      * Excluded start-ups industries:
      1. Accommodation and restaurant businesses (excluding hotel businesses, resort condominium businesses, other tourist accommodation businesses, and restaurant businesses that are a corporation with 20 or more full-time workers)
      2. Ballroom management businesses
      3. Operation of golf courses and ski resorts
      4. Other gambling and betting businesses
      5. Other personal service businesses)
      * Start-ups with items that are likely to infringe on intellectual property rights, such as patents or the utility model rights of others
    Notes
    • he start-up date: In the case of an individual business operator, the commencement date of the business (the opening date of the business registration certificate). In the case of a corporate enterprise, based on the date of establishment of the company as outlined on the corporate registration document
    • If you have multiple business operators (individuals, corporations), it will be based on the date of the first registered business operator

How to apply

  1. Application peroid : 2024. 5. 20.(Mon) ~ 2024. 7. 1. (Mon) until 16:00(KST)
  2. How to apply :
    • Access the website (FLY ASIA 2024 (www.fly-asia.org)) and select your application area (No duplicate applications permitted)
    • Apply for participation in the awards (enter corporate information and submit to register)
  3. Submission of documents :
    • Submit an uploaded English IR pitch deck at the time of applying to ensure participation. We will ask for the submission of evidential documents later in order to review the requirements of only those who pass the preliminary screening stage
  4. ※ If false information is found regarding the contents of submission when reviewing evidential documents, we will exclude the team from participation.

AWARDS Details

AWARDS : After selecting the final 6 promising Asian startups teams
- $30,000 prize money awarded per area

Part Award Categories Prize Money # of Teams
Fly Awards Digital Innovation $30,000 / team 1
Bio Health $30,000 / team 1
Energy Tech $30,000 / team 1
Advanced Manufacturing $30,000 / team 1
Lifestyle $30,000 / team 1
October $30,000 / team 1

※The prize portion may be adjusted according to the status of the application for participation and the results of the examination. Prize money is likely to change depending on the exchange rate at the time of announcing the winners.

Step-by-step Support

단계별 지원 내용으로 단 계, 선정 규모(팀), 지원 내용, 비 고를 제공
Stage Teams Support Details
Semi-final Pitching 110 companies
  • IR pitching in front of global VC/AC
Final Pitching 50 companies
  • Airfare, train fare and accommodation for participation in the event
    (*Only one selected startup representative)
  • FLY ASIA 2024 certification card awarded
  • Join a networking party
  • Participation of global investors in 1:1 meet-ups
  • Issuance of Certificates to Final Pitching Companies
  • Prize money awarded to top 6 teams

Procedure

선정평가 절차 내용으로 구분, 1. 서류평가, 2. 선정 통보, 3. 참여를 제공
Step Application Review Semi-Final Pitching Final Pitching
Note
  • Evaluation of eligibility for supporting startups
  • Confirmation of the submitted required documents, etc.
  • 110 teams and preliminary candidate teams are selected
  • IR Pitching Evaluation
  • Collecting, selecting, and notifying results of the comprehensive evaluation by the Evaluation Committee
  • Selection of around 50 companies for the final round
  • Final IR Pitching Evaluation
  • Awarding prizes to the top 6 companies
Participant Total number of applicants 110 companies 50 companies
Date July August - September 10.1.(Tue) ~ 10.2.(Wed)

※ The schedule and the way in which an event is held may be partially changed depending on the circumstances of the host organization

Notice