Samsung EPC 3 Companies Hold the '2024 ConTech Contest'

Discovering Innovative Ideas and Technologies for Application in EPC Projects

Samsung Group's three EPC (Engineering, Procurement, and Construction) companies?Samsung C&T Construction Division, Samsung E&A, and Samsung Heavy Industries?announced on the 8th that they will hold the '2024 ConTech Contest.'

Now in its fourth year, this contest targets small and medium-sized enterprises, startups, universities, and research institutions that possess technologies or ideas applicable to EPC projects but require funding and research infrastructure support.

Selected teams will receive various forms of support, including joint investment and development by the three Samsung EPC companies. The aim is to promote co-growth based on mutual cooperation while advancing EPC technologies and creating business synergies.

The contest fields are divided into business/product and detailed technologies. Applications for participation will be accepted from the 12th of this month until the 13th of next month. Detailed information and application forms can be found on the Samsung C&T Construction Division website.

The contest evaluation will be based on the necessity of the technology and its expected impact. After the first round of document screening and the second round of presentation (PT) evaluation, the final results will be announced on November 29. Selected teams will receive support such as technology verification, joint development, and technology commercialization. Last year, a total of 13 technologies were selected through the contest, and technology development is currently underway.

A contest official stated, "We hope this contest will open a new chapter in the advancement of EPC convergence technologies such as data technology, eco-friendliness, and energy," adding, "We look forward to achieving genuine co-growth based on mutual cooperation through active participation from small and medium-sized enterprises, as well as various universities and research institutions."

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