A large South Korean company Hyundai Motor Group has announced the start of open recruitment for 2024 for its prestigious ‘ZER01NE ACCELERATOR’ programme, designed to surface innovative startups with exceptional potential. The recruitment process will begin on February 19, signaling the group’s commitment to developing core technologies in collaboration with emerging businesses.
Fostering Innovation in Four Key Areas
The ‘Zero One Accelerator’ represents Hyundai Motor Group’s flagship innovation platform, which is now entering its 7th year of operation. In its 2024 iteration, the program is set to recruit 14 collaborative project startups in four key domains: Software Defined Vehicle (SDV), Smart Factory, Environment, Social, Governance (ESG), and Artificial Intelligence (AI).
Distinguished by its hands-on approach, Hyundai Motor Group’s field teams will directly propose collaborative projects and actively participate in the selection process. The selected startups will begin joint efforts with the Hyundai Motor Group, establishing a strong network of collaborations aimed at developing various innovative technologies.
The selected startups will benefit from support for project development costs and have the opportunity to receive equity investment through the Zero One Fund, a program run by Hyundai Motor Group.
This year, the program introduces new features, including the inclusion of startups in the ‘Pre-A round’ investment stage, which precedes product development and market entry. Startups are encouraged to propose projects that align with the four thematic areas. Successful candidates will be considered stock investment through the Zero One Fund.
Application Process and Time Record
Prospective startups interested in participating in the program can apply through the foundation’Zero One Accelerator recruitment information webpage until March 10. The final selection will be announced in April following a rigorous screening process involving document review and interviews.
Since its inception in 2018, the Zero One accelerator has witnessed the active participation of 11 group companies and 150 business teams within the Hyundai Motor Group. Over the years, 177 startups have been selected, resulting in the successful implementation of 128 collaborative projects. In particular, equity investment was extended to 94 companies, emphasizing the effectiveness of the program in developing entrepreneurial talents and developing innovative solutions.
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