Hyundai Motor Targets Israel's Most Innovative Start-Ups With Extensive Investment
November 2, 2017 by Hyundai![Hyundai Motor Targets Israel's Most Innovative Start-Ups With Extensive Investment](images/articleimages/hyundai-israel-start-up-investment-01-400.jpg)
Trending News• Hyundai Wins Two Favorite Vehicle Awards From Midwest Automotive Media Association
• Wrap it Up! The All-new, All-Electric 2024 Jeep® Wagoneer S Launch Edition Takes Center Stage on Stellantis NA Headquarters in Michigan
• Dark Horse R drivers set for 2025 Mustang Challenge Le Mans Invitational
• Nissan sunsets R35 generation GT-R with T-spec Takumi and Skyline limited editions
• Genesis reveals U.S. pricing for first-ever 2025 GV80 Coupe
Open Innovation Center outlined the three pillars of investment that will allow them to accelerate developments in advanced future technologies: •Ignite Up: Finding Potential The first stage of the program will see the Israel investment center identify prominent start-ups with creative ideas that are working to develop innovative technology. This follows the example of the HTK Consortium, which acts as a bridge between Hyundai Motor and emerging companies, to conduct joint R&D projects. •Rev Up: Investment and Development The second stage will see investment made in leading start-ups that demonstrate the greatest potential and creativity. The investment includes both direct and indirect investment, and leads to commercialization. •Team Up: Strengthening Partnership Hyundai Motor will work in close partnership with start-ups as it establishes the Group's Open Innovation Center in Israel next year. This facility will also build strong relationships with local colleges and companies, with a mid- to long-term plan to establish it as a global R&D center, to develop artificial intelligence or future mobility. Through the investment in start-ups and the HTK Consortium for Future Mobility Research, Hyundai Motor and the associated globally-renowned institutes will work together to respond quickly and effectively to the global automotive industry's rapidly changing needs. Hyundai Motor Group has a track-record of using start-ups in its projects. Last year, start-ups with relevant technologies were invited to contribute to a Hyundai Motor and Cisco joint project for connected car technology development.
posted on conceptcarz.com
Related Posts
Recent Posts
- Hyundai Wins Two Favorite Vehicle Awards From Midwest Automotive Media Association
- Wrap it Up! The All-new, All-Electric 2024 Jeep® Wagoneer S Launch Edition Takes Center Stage on Stellantis NA Headquarters in Michigan
- Dark Horse R drivers set for 2025 Mustang Challenge Le Mans Invitational
- Nissan sunsets R35 generation GT-R with T-spec Takumi and Skyline limited editions
- Genesis reveals U.S. pricing for first-ever 2025 GV80 Coupe