Iljin Group Launches Initiative to Discover Outstanding Startups

Joint Promotion of Startup Discovery Project with Seoul Creative Economy Innovation Center

[Asia Economy Reporter Kim Cheol-hyun] Iljin Group announced on the 16th that it will promote the 'Startup Open Innovation' project to discover and nurture startups that will lead the future, in collaboration with the Seoul Creative Economy Innovation Center.

This project is a method in which growing startups and mid-sized companies with business relevance build partnerships and support collaboration. The project will accept applications from key startup companies, including prospective entrepreneurs and startups within 7 years, until the 7th of next month, and detailed information can be found on the Seoul Creative Economy Innovation Center website.

Among the applicants, startups selected as excellent companies will receive basic investment and research and development support based on Iljin Group's accumulated know-how in nurturing materials, parts, and equipment. Major affiliates such as Iljin Electric, Iljin Materials, Iljin Display, and Iljin Steel will analyze the business relevance with the selected startups and provide nurturing support.

Choi Joon-sik, project team leader of Iljin Group, said, "Iljin Group will actively discover startups with excellent technology and potential, and provide all support to the selected startups, including joint ventures, joint research and development, and joint patent applications."

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