"From Imagination to Reality"... Ministry of Land, Infrastructure and Transport Calls for Ideas and Business Models on Autonomous Cooperative Driving

[Asia Economy Reporter Moon Jiwon] The Ministry of Land, Infrastructure and Transport announced on the 14th that it will hold the 'Autonomous Cooperative Driving Service Idea and Business Model Contest' to revitalize the autonomous cooperative driving industry and discover new transportation services.

The service idea contest invites proposals for service ideas that enhance convenience for transportation users, improve urban function efficiency, and strengthen public safety using autonomous cooperative driving. Anyone can participate.

The business model contest is targeted at companies. It seeks proposals for new business models utilizing autonomous cooperative driving data such as autonomous vehicle operation information and road infrastructure (C-ITS) collected data.

The Ministry plans to provide vehicle operation information and C-ITS collected data obtained from the Daejeon~Sejong C-ITS pilot project to help companies develop their business models.

Applications for the service idea and business model contests will begin on the 15th, with the business model contest closing on the 15th of next month and the service idea contest closing on July 31.

Submitted service ideas and business models will undergo document screening and final presentation evaluation by a judging panel composed of experts from industry, academia, and research institutes, selecting a total of 12 teams in September.

The total prize money amounts to 35 million KRW. The grand prize in each contest category will be awarded the Minister of Land, Infrastructure and Transport Award, and the excellence prize will receive the Korea Transport Institute President Award.

Kim Sangseok, Director of Vehicle Management at the Ministry, said, "I hope that autonomous cooperative driving data provided by public infrastructure will be commercialized through private ideas and technologies, creating new jobs in the smart mobility sector."

This content was produced with the assistance of AI translation services.