Through an annual call for proposals, the fund primarily supports travel costs for exchange between a team at MIT and colleagues at KAIST. The Korean colleague(s) must be identified in the proposal. The maximum award is $30,000.
Priority will be given to projects that:
- propose a balanced exchange between the MIT and Korean participants
- demonstrate complementarity between the MIT and Korean teams
- include student participation
The MIT-Korea - KAIST Seed Fund was active in 2015 and 2016. It has yet to be determined if it will be active in the 2017-18 application cycle.