Hyundai Motor Group Opens Recruitment for Open Innovation 'Zero1 Accelerator'

Up to 50 Million KRW Support
for 3 Weeks Until the 29th

[Asia Economy Reporter Kiho Sung] Hyundai Motor Group announced on the 11th that it will begin the public recruitment of startups for the second half of this year through its open innovation platform, 'Zero1 Accelerator.'

'Zero1 Accelerator' is an open innovation platform that discovers startups with excellent capabilities based on ideas directly proposed by Hyundai Motor Group's in-house teams, promotes collaborative projects, and verifies and develops the strategic applicability of various innovative technologies.

The in-house teams propose projects they want to collaborate on with startups and participate in the selection process. Subsequently, the final selected startups jointly carry out projects, creating synergy for new technology development beyond company boundaries.

This Zero1 Accelerator will recruit startups based on a total of 20 projects across six themes: ▲Energy (2 projects) ▲Mobility (5 projects) ▲Logistics (3 projects) ▲Construction (3 projects) ▲Smart Factory (5 projects) ▲Materials (2 projects).

Applications are only accepted from startups that have completed corporate registration at the time of application, and submissions can be made through the official 'Zero1 Accelerator' website for three weeks from today until the 29th. The final results will be announced in September after document and interview evaluations.

The final selected startups will receive up to 50 million KRW in project development funds and will be considered for equity investment by Zero1 Accelerator.

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