Hyundai Motor Group invites start-ups to apply for 2023 innovation programme

Hyundai Motor Group has announced its 2023 first-half ZER01NE Accelerator program, an open innovation platform to facilitate collaboration between start-ups and various teams under the Group on various projects. This program aims to discover valuable startups and explore the possibilities of strategic use case of their innovative technologies.

Start-ups can apply to one of 18 global projects devised by the Group’s internal teams under six key themes: autotech, mobility service, smart factory, robotics, metaverse and proptech.

The Group’s participating teams that are 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 start-ups 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 of the Group and 140 start-ups have worked together on 107 collaborative projects. This has led to 74 start-ups successfully receiving equity investments from the Group.

More details about the ZER01NE Accelerator can be found on the programme’s official website.