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Overview of Participating Companies

  1. Number of recruited startups : 50 startups teams
  2. Recruitment target : Innovative Asian start-ups with overseas expansion potential and plans
  3. Recruitment sections & fields : No duplicate applications
    Recruitment Section
    Recruitment Section Fly Awards Busan Initiative Awards CINE Fly Awards
    Recruitment Fields All industries All industries Film·Video content industries
  4. Requirements for each recruitment section

    - Fly Awards

    Recruitment Requirements
    Recruitment Requirements
    • Companies established after January 1, 2017 (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 pitching deck in English

    - Busan Initiative Awards

    Recruitment Requirements
    Recruitment Requirements
    • Companies established after January 1, 2021 (within 3 years of establishment), no investment experience and headquartered in Busan
    • Companies with products or services that can enter overseas markets
    • Companies that have a prepared IR pitching deck in English or Korean

    - CINE Fly Awards

    Recruitment Requirements
    Recruitment Requirements
    • Companies established after January 1, 2017 (within 7 years of establishment)
    • Companies with film & video content-related 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 pitching deck in English
  5. Target Participants Excluded
    Target Participants Excluded
    Target Participants Excluded
    • Start-up items 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 (excluding 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
  6. Notes
    Notes
    Notes
    • 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 as outlined on the corporate registration document
    • If you have multiple business operators (individuals, corporations), It is based on the date of the first registered business operator

How to apply

  1. Announcement period : July 11, 2023 (Tue) ~ August 4, 2023 (Fri) 18:00
  2. Application period : July 26, 2023 (Wed) ~ August 4, 2023 (Fri) 18:00
  3. How to apply :
    • Access the website (FLY ASIA 2023(www.fly-asia.org)) and select your application section (No duplicate applications)
    • Apply for participation in the awards (enter corporate information and submit)
  4. Submission of documents :
    • Submit an uploaded English IR pitching deck at the time of application to ensure participation. We will ask for the submission of evidential documents later to review the requirements of only those who pass the preliminary screening stage
  5. ※ If false information is found regarding the contents of submission when reviewing evidential documents, we will exclude the team from participating.

FLY ASIA AWARDS Schedule

Recruitment and Selection
  • 50 promising start-ups from Asian countries were selected
  • Document review
  • Ethical qualification review
    (select top 50 teams)
  • Online meeting if necessary
Semi-final Pitching
  • 10.6 (Fri) ~ 7 (Sat) 50 teams' main stage IR pitch
  • Final stage teams selected
Final Pitching
  • 10.8 (Sun) Final stage teams’ IR pitch
  • Announcement/awards of winners in the top 10
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.

AWARDS

After having selected the final 10 promising Asian startups teams:
- $180,000 in total prize money, up to $60,000 in prize money for the winning team

Part Prize Prize Money # of Teams Note
Fly Awards Innovation award $60,000 / team 1 TOP 10
Creative award $25,000 / team 2
Rookie award $10,000 / team 3
CINE Fly Awards - $10,000 / team 2
Busan Initiative Awards - $10,000 / team 2

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

Step-by-step Support

단계별 지원 내용으로 단 계, 선정 규모(팀), 지원 내용, 비 고를 제공
Stage Teams Support Details Note
Preliminary screening 50
  • Airfare, train fare and accommodation for participation in the event
    (Only one selected startup representative)
  • FLY ASIA 2023 certification card awarded
  • Join a networking party
  • Global investors participate in 1:1 meet-ups
Issuance of a certificate for each step
Semi-final Pitching -
  • IR pitching in front of global VC/AC
Final Pitching -
  • Prize money for top 10 teams

Selection procedure

선정평가 절차 내용으로 구분, 1. 서류평가, 2. 선정 통보, 3. 참여를 제공
Step Application Review Notification to Startups Participation
Note
  • Evaluation of eligibility for supporting startups
  • Confirmation of the submission of required documents, etc.
  • 50 teams and preliminary candidate teams are selected
  • Notification of the evaluation results of the 50 startup selections
  • Participate in FLY Awards
  • Join a networking party
  • Global investors participate in 1:1 meet-ups
Host Evaluation Committee Evaluation Committee 50 Selected Startups

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

Notice