Why Korean Startups need to enter the Australian market
Australia has the 13th largest economy in the world and has a population of close to 25 million people. In addition, their GDP ranking is very close to South Korea and is considered the second wealthiest nation per capita.
Many Korean startups want to enter the US or European market. However, Australia’s close proximity to Asia and their multicultural talent pool makes it an ideal alternative/affordable market for Korean startups looking to expand or test new markets.
What is Asia Advisory
Asia Advisory is a Sydney based Startup focused on building people to people relationships between Australia and Korea. Furthermore, we are a network of Asia specialists developing business and personal relationships across the Asia Pacific to unlock the future potential of the region. Asia is the largest and most diverse region in the world. It is home to over four and a half billion people, over two-thirds of the world’s population, many of whom are going through the 4th industrial revolution as the emerging middle class.Haymarket HQ
One of the programs we are working on is helping startups from Asia to explore and get established in Australia. Based at the same incubator as us, Haymarket HQ has launched a co-branded partnership with the City of Sydney. In addition, Haymarket HQ (HHQ) is one of Australia’s most international startup hubs. They are Australia’s only startup hub connecting entrepreneurs between Asia and Australia.Based in Sydney’s vibrant Chinatown, Haymarket HQ offers companies access to co-working space, mentors and investors. Furthermore they have a community of like-minded entrepreneurs across Asia-Pacific. HHQ is a not-for-profit supported by the State government.
Participants will have access to:
- 90 days of free co-working space credits in Chinatown, Sydney
- Relevant national and state Government grant programs
- Immigration information and support
- Induction workshops to gain an understanding of the Australian environment
- Introductions to vetted local service providers, investors, and mentors
- An international community of like-minded entrepreneurs
- Introductions to our network of companies, universities, and other hubs
- Introductions to vetted local service providers, investors, and mentors
Who can apply?
The program is not just for Korean startups that wish to use Australia as a test market or product development center. The program is also available to Korean student entrepreneurs who are looking to grow their business in Australia and would like to receive expert support and guidance.
