SYP and Korea Science and Technology Holdings (KST) visited the Fraunhofer ISE Research Institute in Germany on Oct. 23 and said they would cooperate with local empirical studies to support Korean companies entering the European market.

The study is a step in which DR Fuel Cell conducts product testing and certification procedures to enter the European market at the Fraunhofer ISE Research Institute in Freiburg, Germany, and will help Korean companies that are about to enter the global market.

The Fraunhofer ISE Laboratory will provide business network support as well as local demonstration tests with DRFuelCell.

As part of the "2024 Global Cooperation Scale-Up R&D Support Project for Advanced Science and Technology Companies" by the Ministry of Science and ICT, the project aims to enhance the global competitiveness of Korean technology and accelerate its entry into overseas markets. In addition, it will cooperate with the Fraunhofer Institute in Germany to support various activities such as further experiments, technology advancement, proof of concept (PoC), and certification.

"This project is an important opportunity for Korean technology to prove its competitiveness in the global market," an official from the Ministry of Science and ICT said. "Cooperation with Fraunhofer ISE will be an important foothold for domestic technology companies to successfully enter the European market."

Korea Science and Technology Holdings is a technology holding company jointly established by 17 government-funded research institutes with the aim of commercializing public technology, and SYP is a deep technology accelerator that supports technology-based startups' commercialization and acceleration in the previous period. Through cooperation, the two companies are helping startups succeed in the global market by providing customized support for each company, including planning and investment, scale-ups such as PoC and global expansion, and follow-up investment and exit.