Hyundai Motor Group to Recruit Startups for 'Zero1 Accelerator' in the Second Half of This Year

Hyundai Motor Group announced on the 10th that it will begin the public recruitment of startups for the second half of 2023 through its open innovation platform, 'ZER01NE ACCELERATOR.'

'ZER01NE ACCELERATOR' is an open innovation platform that discovers startups with outstanding capabilities and verifies and develops the strategic applicability of innovative technologies. Hyundai Motor Group's business teams directly participate in the startup selection process and carry out joint projects with the finally selected startups. The goal is to create synergy in new technology development beyond company boundaries.

For the second half of 2023, ZER01NE ACCELERATOR is recruiting startups based on a total of 8 projects under three themes: ▲Vehicle Application Technology (Auto tech·4 projects) ▲ESG (Environmental·Social·Governance·2 projects) ▲Robotics (2 projects).

Only startups that have completed corporate establishment are eligible to apply, and applications can be submitted through the official 'ZER01NE ACCELERATOR' website for about three weeks until the 30th of this month. The final results will be announced in September after document and interview evaluations. The selected startups will receive project development funding and will be considered for equity investment by the ZER01NE Fund operated by Hyundai Motor Group.

Meanwhile, since its launch in 2018, ZER01NE ACCELERATOR has involved 11 group companies and 150 business teams within Hyundai Motor Group. A total of 160 startups have been selected. 126 collaborative projects have been conducted, and equity investments have been made in 79 startups.

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