SK Ecoplant Hosts Technology Contest for 'Open Innovation'
[Asia Economy Reporter Minyoung Kim] SK Ecoplant announced on the 17th that it will hold a technology contest called 'Tech Open Collaboration' in partnership with the Ministry of SMEs and Startups, the Korea Institute of Startup & Entrepreneurship Development, and the Korea International Trade Association to discover innovative technologies and ideas from startups.
Now in its second year, this contest is an open innovation program where companies are matched with startups to jointly conduct research and development. It is meaningful in that it supports startups' technology development and idea commercialization to discover innovative technologies and promote mutual growth.
The contest's recruitment fields are broadly ▲ eco-friendly materials ▲ carbon reduction systems ▲ new energy ▲ energy efficiency. Detailed topics include resource circulation composite materials, hydrogen, fuel cells, energy monitoring, and more. Further information can be found in the recruitment announcement on the SK Ecoplant website. Any startup specializing in the technologies of the recruitment fields and with a business history of 7 years or less is eligible to apply.
Applications can be submitted online only via the SK Ecoplant website and the InnoBranch website from May 18 to June 14. Final selection will be made through comprehensive evaluation including document review and presentation assessment based on the potential for joint technology development, applicability, business feasibility, and technological excellence.
Among the teams finally selected in this contest, those recommended to the Ministry of SMEs and Startups (Korea Institute of Startup & Entrepreneurship Development) (up to 3 teams) will receive government follow-up support including up to 100 million KRW in commercialization (PoC) funds and up to 300 million KRW in R&D funds per team. SK Ecoplant also plans to provide various benefits such as diagnosing the feasibility of joint technology development and actual project application and reviewing actual contract agreements with the selected companies.
Since 2020, SK Ecoplant has continued technology cooperation activities with 37 partner companies through diverse mutual growth programs such as ConTech Meetup Day and Tech Open Collaboration.
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Kim Gwanyong, Executive Officer in charge of SCM at SK Ecoplant, said, "This program has expanded the startup support infrastructure through joint operation with the Ministry of SMEs and Startups, the Korea Institute of Startup & Entrepreneurship Development, and the Korea International Trade Association. We will continue to actively practice technology cooperation with public institutions and startups through the R&D Open Platform."
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