Iljin Group, Recruiting and Nurturing Startup Open Innovation

Iljin Group Startup Open Innovation Recruitment Guide Image. [Photo by Iljin Group]

[Asia Economy Reporter Kim Jong-hwa] Iljin Group announced on the 4th that it is recruiting startups to participate in the 'Iljin Group·KITA Startup Open Innovation' in collaboration with the Korea International Trade Association (KITA).

Startups wishing to participate in the project can apply through the InnovBranch website.

The purpose of this project is to discover promising startups with various business models and technological capabilities in areas such as batteries, semiconductors, energy, mobility, smart manufacturing, and digital healthcare, and to invest in, collaborate with, and nurture them.

Iljin Group and KITA will recruit participants until the 30th, select the final participating companies through document screening in February, and hold the final meet-up on the 2nd floor of Startup Branch at COEX, Seoul, in early March.

Selected startups will have various collaboration opportunities with Iljin Group, including joint research and development, investment, and PoC (Proof of Concept) verification.

Iljin Group, a leading materials and components company in South Korea, will support startups seeking new corporate value through its major affiliates such as Iljin Electric, Iljin Materials, Iljin Diamond, Iljin Highsolus, and Iljin Steel in this project.

Won Yong-chul, head of the planning team at Iljin Group, said, "Iljin Group continuously seeks opportunities for mutual growth through an organic cooperation model with startups," adding, "We hope many startups with innovative ideas and cutting-edge technologies will participate to create excellent collaboration cases."

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