Innovate UK is inviting ambitious companies to participate in the Global Business Innovation Programme
Delivered by Innovate UK EDGE, the programme consists of a preparation phase followed by a 5-day tailored programme of activities in South Korea with the opportunity to visit leading Korean companies operating in the hydrogen industry. The programme provides a unique opportunity for delegates to find new international partners and identify opportunities for technology collaboration.
Delegates will benefit from a follow-up workshop and bespoke support from an Innovate UK EDGE Innovation and Growth Specialist to exploit the contacts, opportunities and knowledge gained during the visit and develop cross border innovation projects.
Why South Korea?
South Korea’s 2019 Hydrogen Economy Roadmap sets out the country’s plan to dominate the global hydrogen market with goals to produce 6.2 million fuel cell electric vehicles, 41 thousand hydrogen buses, roll out over one thousand refuelling stations and supply 15GW of fuel cells for power generation by 2040.
Further investment was announced by President Moon Jae-in with Korea’s “2020 Green New Deal” endorsing the country’s aim to achieve sustainable economic recovery by promoting a green transition in infrastructure and low carbon decentralised energy supply.
The City of Ulsan, home to automotive giant Hyundai, is projected to attract $4.8 billion in hydrogen investments by 2030 and aims to become the largest Hydrogen Hub in Northeast Asia.
Benefitting from a free trade agreement with the UK and with a hydrogen economy set to double in size from £9.1 to £17.3 billion in the next 10 years, South Korea offers significant opportunities for UK companies developing hydrogen technologies.
Application deadline is 25th February 2022 – Apply here