Go to Main menu Go to page


FLY 50

Start-up recruitment

  1. Target Participants : Asian Innovation Start-ups with overseas expansion capabilities and plans
    Common Requirements
    • Companies established after January 1, 2016(within 7 years of establishment)
    • Companies with products or services that can enter overseas markets
    • Companies that can communicate in English smoothly (at least one person per team)
    • Companies that prepared IR pitching deck in English
    • The 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 in the copy of the corporate registration
    • If you have multiple business operators (individuals, corporations), It is based on the base date of the first registered business operator
  2. Target Participants Excluded :Start-up items with antisocial characteristics such as gambling and environmental pollution
    • CIndustries excluded from Start-ups :
      1. Accommodation and restaurant business (excluding hotel business, resort condominium business, other tourist accommodation business, and restaurant business that is a corporation with 20 or more full-time workers)
      2. Ballroom management business
      3. Operation of golf courses and ski resorts
      4. Other gambling and betting up 5. Other personal service businesses (excluding other personal service businesses)
    • Start-ups with items that are likely to infringe on or infringe on intellectual property rights, such as patents and utility model rights of others
  3. The field of recruitment : All industries
  4. Number of Recruiting Start-ups : 50 companies

How to apply

  1. Application period : September 29, 2022 (Tue.) ~ October 21, 2022 (Fri.) 18:00 (Korea Standard Time)
  2. How to apply : Access the website(FLY ASIA 2022(www.fly-asia.org) and apply for participation in AWARDS(enter corporate information and submit)
  3. Submit documents : Submit the upload of English IR Piching deck at the time of application for participation.
    And also we ask to submit evidential documents later for review of requirements only to those who pass the preliminary screening
  4. ※ If false information is found about the contents of submission when reviewing evidential documents, We will exclude the team from the participating team.


Recruitment and selection
  • 50 promising Start-ups from Asian countries were selected
  • Document review (selected by TOP 50 teams)
  • Online meeting if necessary
Semi-Final Pitching
  • 20 teams 11.22(Tue.)~23(Wed.) 50 teams main stage IR Pitching
  • 10 teams selected as finalists
Final Pitching
  • 11.24 (Thur) 10 teams final stage IR Pitching
  • Announcement/awards of winners of the top 6 teams
Follow-up Support
  • Support the establishment of headquarters/branch offices in Busan
  • Payment of prize money
  • Support for growth(investment, mentoring, etc.)

※ The event schedule and method are subject to partial change depending on the circumstances of the organizer.


The final 6 teams of promising Asian Start-ups were selected and awarded
- $180,000 in total prize money, up to $60,000 in prize money for the winning team

AWARDS - Prize, Prize money, Number of Team, Note
Prize Prize money Number of Team Note
Innovation award $60,000 1 TOP 6
Creative award $30,000 / team 2
Rookie award $20,000 / team 3

* The prize money is likely to change depending on the exchange rate.

Step-by-step support

Step-by-step support - Stage, Team, Support Details, note
Stage Team Support Details note
Preliminary screening 50
  • Free airfare and accommodation
    (Only one selected Start-up representative)
  • FLY ASIA 2022 Certification Card Awarded
  • Join a networking party
  • Global investors participate in 1:1 meet-up
Issuing a Certificate for each Step
Semi-Final Pitching 10
  • IR Pitching in front of Global VC/AC
Final Pitching 6
  • Prize money by 6 teams

Selection procedure

Selection procedure - Category, 1. Documentary evaluation, 2. Notification of selection, 3. Participation
Step Application Review Notification to Start-ups Participation
  • Evaluation of eligibility for supporting companies
  • Confirmation of the submission of essential documents, etc
  • 50 teams and preliminary candidate teams are selected
Notification of the evaluation results of Start-up selection
  • Participate in FLY AWARDS
  • Join a networking party
  • Global investors participate in 1:1 meet-up
Host The evaluation committee The evaluation committee 50 selected Start-ups