Hanwha Construction Innovation Technology Contest... Total Prize Money 28 Million KRW & Testbed Support

"Ideas Exist but Lack of Development Capacity Presents Growth Opportunities for Small and Medium Partner Companies"

Hanwha Engineering & Construction announced on the 15th that it will hold the '2021 Hanwha E&C Innovation Technology Contest' to strengthen mutual growth and technological cooperation with small and medium-sized partner companies possessing excellent construction technology competitiveness.

Through this contest, Hanwha E&C plans to promote the on-site application and joint technology development of outstanding technologies owned by SMEs and startups, support test beds, and strengthen win-win cooperation. In addition, the company intends to further activate the 'Technology Proposal Center,' a platform for discovering and supporting new technologies and construction methods established on the existing Hanwha E&C website.

Applications for the contest will be accepted from October 15 to November 26, and the final winners will be announced on December 21 through document screening and presentation evaluations. Eligible applicants include domestic SMEs, startups, universities (graduate schools), and research institutions, and applications can be submitted through the Technology Proposal Center menu on the Hanwha E&C website.

The fields open for submission include all construction-related technologies such as ESG (environment, social, governance) related technologies, construction efficiency improvement, quality enhancement, cost reduction, smart construction, smart safety, OSC (Off-Site Construction), and construction management.

After evaluation, a total of seven teams will be selected from the grand prize to excellence awards, with a total prize money of 28 million KRW to be awarded. Particularly, outstanding technologies will receive additional benefits such as support for on-site application, joint technology development, test bed provision, partner company registration, and bonus points through further support negotiations.

Last year, Hanwha E&C jointly developed the 'Forena Safety Door,' which prevents hand entrapment accidents, in collaboration with its partner company 'H-Cudos' over one year and registered a joint patent.

Yoon Yong-sang, Head of Hanwha E&C's Architecture Business Division, said, "This will be an opportunity for small and medium-sized partner companies that have ideas but face difficulties in technology development due to lack of development funds, personnel, or achievements to grow. Additionally, we expect the on-site application of these technologies to enhance Hanwha E&C’s construction competitiveness and quality."

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