Hyundai Motor Company Opens Recruitment for Promising Startups in Second Half of Year "Development Fund Support of 50 Million KRW"

Discovering and Nurturing Diverse Innovative Technologies through Collaborative Projects with Outstanding Startups

[Asia Economy Reporter Changhwan Lee] Hyundai Motor Group announced on the 5th that it will conduct an open recruitment of startups for the second half of 2021 through its open innovation platform, 'ZER01NE ACCELERATOR.'

'ZER01NE ACCELERATOR' is a program that discovers startups with excellent capabilities based on ideas directly proposed by on-site teams within Hyundai Motor Group, builds collaborative projects, and verifies and develops the strategic applicability of various innovative technologies.

The program is characterized by on-site teams presenting projects they want to collaborate on with startups, participating in the selection process, and jointly executing projects with the finally selected startups, creating synergy for new technology development beyond company boundaries.

This time, ZER01NE ACCELERATOR is recruiting for a total of 45 projects divided into 9 themes according to technology fields such as Mobility & Logistics, Eco-Tech, and In-Car UX.

Only startups that have completed corporate registration at the time of application are eligible to apply, and applications can be submitted through the official 'ZER01NE ACCELERATOR' website for four weeks from July 1 to 29. The final results will be announced in September after document and interview evaluations.

The finally selected startups will receive up to 50 million KRW in project development support and be considered for equity investment by ZER01NE ACCELERATOR.

Meanwhile, the ZER01NE ACCELERATOR program, which started in 2018, involves 60 teams from 9 group companies within Hyundai Motor Group and 73 startups, achieving results such as 64 collaborative projects and equity investments in 39 startups to date.

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