Hyundai Motor Zero One and KTC Collaborate to Accelerate Early Validation of Startup Innovation Technologies

Early Commercialization of Promising Startup Technologies

Hyundai Motor Group Zero One announced on September 30 that it had signed a Memorandum of Understanding (MOU) with the Korea Testing Certification Institute (KTC) at the Zero One space in Gangnam, Seocho-gu, Seoul, to foster and support advanced industries.

Hyundai Motor Group Zero One signed a Memorandum of Understanding (MOU) with the Korea Testing Certification Institute (KTC) on the 30th at the Zero One space in Seocho-gu, Seoul, to foster and support advanced industries. From left: Ahn Sungil, Director of KTC; Noh Gyuseung, Executive Director of Zero One Office; Yoon Iljun, Head of KTC Headquarters. Hyundai Motor Company

The two organizations will support testing and certification for Zero One-affiliated startups and establish a collaborative network linked to startups and new businesses. Specifically, the agreement includes: support for Zero One-affiliated startups in KTC’s testing and certification fields; up to a 10% reduction in fees incurred when Zero One-affiliated companies request testing and certification; and, upon request from Zero One-affiliated companies, technical consultations by experts to resolve technical regulations and support overseas certifications.

Startups affiliated with Zero One are expected to reduce the burden of testing and certification costs during product development and commercialization, and more easily obtain global certifications necessary for entering overseas markets.

Zero One will also be able to verify promising startup technologies at an early stage and increase the likelihood of their adoption within the group, thereby accelerating the execution of Hyundai Motor Group’s open innovation strategy. Zero One is a creative space and talent platform established by Hyundai Motor Group in 2018.

Kyuseung Noh, Executive Director of Zero One Division, said, "We are now able to provide much-needed early-stage testing and certification support for startups," adding, "We will spare no effort to ensure that our innovative startups can grow stably."

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