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    A126560   KR7126560002

HYUNDAI FUTURENET CO., LTD

(A126560)
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Hyundai Futurenet : Motor Group Announces '2021 ZER01NE Accelerator' Open Call to Collaborate with Startups

07/05/2021 | 11:32am EDT

Highlights:

* 2021 ZER01NE Accelerator open innovation platform invites startups to collaborate with Hyundai Motor Group on future technologies

* Applications can be submitted under eight different technology themes, July 1 - 29

SEOUL- Hyundai Motor Group (the Group) announced its 2021 ZER01NE Accelerator, an open innovation platform to facilitate collaboration between startups and the Group on various projects. This program aims to discover valuable startups and explore the possibilities of strategic usage of their innovative technologies.

Startups can apply to one of the 45 projects derived by the Group's internal teams under eight key themes: mobility and logistics, eco-tech, in-car UX, vision AI, AI analytics, materials, drones, and robot material, and interactive contents.

Startups can only apply for one specific project. The Group's organizations that are responsible for technology developments will be directly involved in reviewing and recruiting the applicants for each project.

Only registered corporations will be eligible for consideration and can submit their application on the official application website from July 1 to July 29. Results will be announced on September 8th.

Selected startups will be provided with a project development budget and have the opportunity to be evaluated for equity investments.

Since ZER01NE Accelerator was introduced in 2018, 60 teams from nine affiliates of the Group and 73 startups have worked together on 64 collaborative projects. This has led to 39 startups successfully receiving equity investments from the Group.

More details about the 2021 ZER01NE Accelerator can be found on the program's official website.

End -

About Hyundai Motor Group

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.

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.

More information about Hyundai Motor Group, please see: www.hyundaimotorgroup.com

More information about Hyundai Motor and its products can be found at:

worldwide.hyundai.com or globalpr.hyundai.com

Visit the Kia Global Media Center for more information: www.kianewscenter.com

For more information on Genesis and its new definition of luxury, please visit https://www.genesis.com

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.

(C) 2021 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
HYUNDAI FUTURENET CO., LTD -1.83% 4565 End-of-day quote.18.42%
HYUNDAI MOTOR COMPANY 0.48% 209000 End-of-day quote.8.85%
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Net income 2020 -29 446 M -24,9 M -24,9 M
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P/E ratio 2020 -14,4x
Yield 2020 2,08%
Capitalization 503 B 426 M 425 M
EV / Sales 2019 0,07x
EV / Sales 2020 0,52x
Nbr of Employees 32
Free-Float 31,4%
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