Hyundai Motor Group Announces Recruitment for 'Zero1 Accelerator' Startups

[Asia Economy Reporter Kiho Sung] Hyundai Motor Group announced on the 16th that it has begun recruiting startups for its open innovation platform, 'Zero1 Accelerator.'

'Zero1 Accelerator' is a program designed to discover startups with outstanding capabilities by verifying and developing the strategic applicability of various innovative technologies based on projects directly proposed by Hyundai Motor Group's in-house teams.

The in-house teams propose project contents they wish to collaborate on with startups, participate directly in the selection process, and jointly execute projects with the finally selected startups, creating synergy in technology development beyond company boundaries.

This Zero1 Accelerator recruitment is divided into 10 themes according to technology fields: ▲Data (9 projects) ▲User Experience (8 projects) ▲Control Technology (3 projects) ▲Mobility (4 projects) ▲Charging (4 projects) ▲Robotics (6 projects) ▲Smart Factory (3 projects) ▲Logistics (4 projects) ▲Healthcare (3 projects) ▲Materials (6 projects), totaling 50 projects.

If selected and a collaboration project with an in-house team is established, project development costs will be supported, and the startup will be considered for equity investment by Zero1 Accelerator.

Only startups that have completed corporate registration at the time of application are eligible to apply. Applications can be submitted through the Zero1 Accelerator application page for six weeks from today until December 27. The final results will be announced in early February next year after document and interview evaluations.

Meanwhile, since its launch in 2018, the Zero1 Accelerator program has involved 54 teams from 8 Hyundai Motor Group affiliates and 54 startups. To date, it has achieved results including 48 collaborative projects and equity investments in 35 companies.

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