February 20, 2023
(press release)
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SEOUL, February 20, 2023 – 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 various projects. This program aims to discover valuable startups and explore the possibilities of strategic use case of their innovative technologies. Startups 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. Startups may apply to one specific project. 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 Feb. 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 of the Group and 140 startups have worked together on 107 collaborative projects. This has led to 74 startups successfully receiving equity investments from the Group. More details about the ZER01NE Accelerator can be found on the program’s official website. – End – About Hyundai Motor Group With about 250,000 employees worldwide, the Group's mobility brands include Hyundai, Kia, and Genesis. Armed with creative thinking, cooperative communication and the will to take on any challenges, we strive to create a better future for all. Disclaimer: Hyundai Motor Group believes the information contained herein to be accurate at the time of release. However, the company may upload new or updated information if required and assumes that it is not liable for the accuracy of any information interpreted and used by the reader. Contact:
Hyundai Motor Group is a global enterprise that has created a value chain based on mobility, steel, and construction, as well as logistics, finance, IT and service.
Dain Kang
Global PR Corporate Strategy and Planning Team / Hyundai Motor Group
di@hyundai.com
+82 2 3464 2094
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