Samsung EPC 3 Companies Hold '2023 ConTech Contest'

Final Selected Teams: Technology Verification, Joint Development, and Technology Commercialization Support Benefits

Samsung Engineering, Samsung C&T, and Samsung Heavy Industries, the three Samsung EPC (Engineering, Procurement, and Construction) companies, are conducting a ConTech contest to discover innovative technologies and promote win-win cooperation. ConTech is a portmanteau of Construction and Technology, referring to various innovative technologies that integrate 4th industrial revolution technologies into construction and manufacturing sites to enhance productivity.

The three Samsung EPC companies announced on the 3rd that they will hold the "2023 ConTech Contest" to discover innovative ideas and technologies applicable to the EPC business. This contest is designed to support funding and research infrastructure for small and medium-sized enterprises and startups with technology and ideas, and to promote mutual growth through collaboration with universities and research institutes. The contest, held annually since 2021, has been co-hosted by the three Samsung EPC companies. Following Samsung C&T in 2021 and Samsung Heavy Industries in 2022, Samsung Engineering will take the lead this year.

The recruitment fields are broadly divided into two categories: Business/Product and Detailed Technology. The Business/Product category includes ▲Plants (industrial/environmental, chemical/power, offshore, etc.), ▲Architecture and Civil Engineering (buildings/housing, roads/bridges, and other infrastructure), ▲Shipbuilding (LNGC, container ships, etc.), and ▲New Business (energy solutions, etc.). The Detailed Technology category includes ▲DT (AI, big data, IoT, AR/VR, BIM, etc.), ▲Smart Manufacturing (modules, PC, robotics, etc.), and ▲Eco-friendly Element Technologies (carbon capture and utilization, green energy production, resource recycling, energy reduction, etc.).

Applications for the contest can be submitted via the official email from August 7 to September 15. The contest evaluation will be based on the necessity of the technology and expected effects. After the first document screening and the second presentation evaluation, the final results will be announced on November 24. The selected teams will receive benefits such as technology verification, joint development, and support for technology commercialization.

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