The FINANCIAL — Hyundai Motor Group (the Group) announces its 2020 ZER01NE Accelerator, an open innovation platform that facilitates collaboration among startups and the Group’s internal teams on various projects. This program discovers valued startups and develops strategic usage possibilities of their innovative technologies.
A total of 50 ZER01NE Accelerator projects have been developed by various teams within the Group under 10 themes, including data, user experience, human machine interface, mobility, charging, robotics, smart factory, logistics, healthcare and materials. Applying startups can apply for only one among these projects. Teams responsible for technology developments will be directly involved in reviewing and recruiting startups for collaboration.
Eligible applicants must be registered corporations. They can apply on an official application webpage from November 16 to December 27. Results will be announced in early February of 2021.
Selected startups will be provided with a budget for project development. The Group will also review potential equity investment into startups among those selected.
Since ZER01NE Accelerator’s introduction in 2018, eight affiliates of the Group and 54 startups have participated in the program, resulting in 48 collaborative projects and 35 equity investments to startups.
More details about 2020 ZER01NE Accelerator can be found on the program’s official website.