Hyundai Motor Group (the Group) announced its 2023 first-half ZER01NE Accelerator program, an open innovation platform to facilitate collaboration between startups and various teams under the Group on multiple projects. This program aims to discover valuable startups and explore the possibilities of strategic use cases of their innovative technologies.
Startups can apply to one of 18 global projects the Group’s internal teams devised under six key themes: Autotech, mobility service, smart factory, robotics, metaverse and protect. Startups may apply to one specific project.
The Group’s participating teams responsible for project execution are directly involved in reviewing and recruiting the startup applicants for each project. Only incorporated startups will be eligible for consideration and can submit their application on the official application website from February 17 to March 12. Results will be announced in April.
Selected startups will be provided with a project development budget and could be evaluated for equity investments.
Since the Group introduced the ZER01NE Accelerator in 2018, 150 teams from 11 affiliates and 140 startups have worked together on 107 collaborative projects. This has led to 74 startups successfully receiving equity investments from the Group.
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