KAIST Open Venture Lab (OVL)

Run by KAIST Open Venture Lab.

KAIST Open Venture Lab runs once a year in Daejeon, March to December, in three stages: Pre-OVL for idea refinement and validation, Main-OVL for business model work, mock IR, lab matching and commercialisation funding, and Post-OVL for mentoring, tenancy referral and follow-on support. Commercialisation support reaches about KRW 30 million, covering prototype development and related costs. No equity terms are stated for this deeptech and generalist programme.

Investment

₩30,000,000 (Below East Asia & Pacific median $69k · Below global median $61.3k)

Equity taken

Not disclosed

Duration

40 weeks (Longer than East Asia & Pacific median 15 wks · Longer than global median 20 wks)

Format

in person

Cadence

annual

Location

Daejeon, South Korea

Sectors

• Deep Tech
• Generalist

How to apply

Official website

This programme has notes explaining its undisclosed figures, available in the full dataset.

Sources

Every figure above is taken from these pages, published by the programme or its parent organisation.

• https://startup.kaist.ac.kr/pages/sub/sub_0203 read 2026-09-05 — supports cheque amount, cheque currency, duration weeks, batch cadence, format, application url

Other accelerators in Daejeon

• E*5 KAIST

Last verified 2026-09-05.