KOISRA Seed Partners, the first Korea-Israel Seed Fund and Accelerator and Mass Challenge based in Boston with satellites in the UK and Israel, signed on partnership agreement last week in order to develop the Korean-Israel startup eco-system. For the first step of collaboration, KOISRA Seed Partners will help Mass Challenge attract Korean startups to participate in its acceleration program in Israel during July~October 2016.
The finalists of the acceleration program will enjoy the global mentoring, office space, education, and access to a vast network of partners, experts and investors, other resources during the 4 months of acceleration program and also $250,000 in cash prizes and $10 million in-kind. All these benefits will be given without any equities taken from Mass Challenge. Any early stage startups which have not raised over $500k of investment and don’t have more than $1M in annual revenue can apply for the program.
The collaboration between KOISRA Seed Partners and Mass Challenge will provide 100% discount of application fee and "Fast-track” directly into 2nd Round judging to 3 Korean startups. Korean startups which are interested in this program may apply through KOISRA Seed Partners’ website until 31 March 2016.