Question. How much funding do SparkLabs companies receive?
Answer. You get $25,000 for your company. Plus free office space and an awesome package of free perks valued at over $215,000.
Question. What sorts of companies do you fund?
Answer. Our focus is on companies in the Internet, online gaming, mobile, ecommerce and digital media sectors. Typically these are seed or early-stage companies, but we are open to any company positioned and planning for explosive growth.
Question. Is my company “too far along” to apply to SparkLabs?
Answer. We assume it isn’t. We are open to companies who already hit over $1 million in revenue or $1 million in funding, but are looking for help to grow their business beyond its current product offerings or existing markets.
Question. Can I apply if our company or founders are not from South Korea?
Answer. Yes. We accept applications from around the globe. You just have to legally reside in Korea during the 3-month period.
Question. Is my age a factor in your selection process?
Answer. No, we will take young and old. For us, it’s about passion, commitment and execution.
Question. Do I need to send in a business plan?
Answer. No. Just fill out the informal online application. Thank you.