Korea Shipbuilding & Offshore Engineering Accelerates Startup Growth Through Open Innovation
Joint Hosting of Trade Association and Open Innovation Collaboration Proposal Presentation on the 22nd
Final 5 Startups in the Finals... Introducing Technologies such as Digital Twin and Carbon Dioxide Capture
Concept image of Korea Shipbuilding & Offshore Engineering's ship digital technology. Photo by Korea Shipbuilding & Offshore Engineering
View original image[Asia Economy Reporter Jeong Dong-hoon] Korea Shipbuilding & Offshore Engineering is accelerating the nurturing of startups through "open innovation."
On the 22nd, Korea Shipbuilding & Offshore Engineering announced that it held an open innovation collaboration proposal presentation to discover future startups in the shipbuilding and offshore sectors at the Startup Branch located in Gangnam-gu, Seoul, jointly with the Korea International Trade Association.
Korea Shipbuilding & Offshore Engineering had publicly recruited startups to participate in open innovation in the shipbuilding and offshore fields through the Korea International Trade Association's platform "InnoBranch" from May 9 to last month 20.
At the presentation, five companies selected through document screening and one-on-one briefings from among 75 applicants participated. The participating startups were ▲GausLab (digital twin technology) ▲Boltwin (AI-based battery management solution) ▲SafeTics (collaborative robot safety simulation technology) ▲CarbonValue (CCS (carbon capture and storage) technology) ▲PiQuant (toxic gas concentration measurement technology).
The five startups explained their core technologies and ideas for application in the shipbuilding and offshore sectors and presented roadmaps for future commercialization.
Korea Shipbuilding & Offshore Engineering plans to promote proof of concept (PoC) collaboration and investment attraction for the startups finally selected as collaboration targets after management evaluation. In particular, they plan to support demonstration costs and provide a "testbed" environment to help rapid on-site application for collaborating companies.
Kim Sung-jun, head of the Future Technology Research Institute at Korea Shipbuilding & Offshore Engineering, said, "We hope this presentation will be an opportunity for both Korea Shipbuilding & Offshore Engineering and participating startups to find new business opportunities," adding, "We will continue to discover startups with excellent innovative technologies and create an environment where we can grow together."
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Meanwhile, Hyundai Heavy Industries Group continues to invest in nurturing startups to secure future growth engines and expand the industrial ecosystem. HD Hyundai formed a new growth fund worth 34 billion KRW last November in partnership with Mirae Asset Group to invest in digital healthcare and bio startups, and Hyundai Heavy Industries has actively supported startups as a dedicated company of the Ulsan Creative Economy Innovation Center since 2015.
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