DL E&C Conducts Open Innovation Program... Practicing ESG Management

[Asia Economy Reporter Kim Min-young] DL E&C announced on the 8th that it will conduct an open innovation program to explore collaboration with startups in various fields. Through this, the company plans to realize ESG management and digital transformation in the construction industry and expand into new businesses.

DL E&C plans to support technology development of high-potential startups and add business feasibility to their ideas to apply them on-site. In particular, it expects to create synergy in developing digital new technologies and smart safety technologies, improving productivity and safety management capabilities.

This program will be conducted in the form of a contest. Startups, prospective entrepreneurs, small and medium-sized enterprises, and research teams with excellent ideas or technologies can apply. Companies will be recruited in four areas: solving construction site needs, proposing digital transformation technologies for the construction industry, eco-friendly decarbonization projects, and new business model proposals. Startups wishing to participate can submit their applications through the DL E&C Open Innovation website by July 3. The contest results will be announced at the end of July.

DL E&C will support additional technology development and expert consulting for the final selected companies. For outstanding companies, DL E&C plans to support overseas market entry, including considering joint participation in overseas construction projects conducted by DL E&C. The strategy is to continuously discover innovative technologies by linking collaborations or considering strategic investments, thereby establishing a virtuous cycle of mutual growth.

A DL E&C Open Innovation official explained, “We will expand a healthy construction industry ecosystem through collaboration with startups that have fresh ideas and technologies,” and added, “DL E&C will establish itself as an ESG company growing together with society.”

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