SK ecoplant signed an settlement with Plug and Play to find and put money into international eco-friendly applied sciences.
The 2 corporations signed the settlement on Thursday at CES in Las Vegas.
SK ecoplant is an vitality answer firm and Plug and Play is an early-stage investor targeted on rising progress corporations. It has invested in Google, PayPal and Dropbox.
By the settlement, the 2 corporations will hunt down startups with promising applied sciences on atmosphere and vitality and assist them commercialize their applied sciences, mentioned SK ecoplant in a press launch on Sunday.
They may assist the businesses develop their companies globally and use their applied sciences to create synergy with their present companies.
“The most recent settlement is significant in that international and modern eco-friendly applied sciences are found at their early stage and are used to construct a sustainable ecosystem,” mentioned Park Kyung-il, SK ecoplant CEO, in a press assertion. The corporate will assist develop the long run atmosphere by way of shut cooperation with startups working eco-friendly companies, he added.
BY JIN MIN-JI [firstname.lastname@example.org]