Lotte Construction Secures Up to 620 Million Won for Startup Technology Validation in Collaboration with Public Agencies

Introducing Field-Oriented Startup Innovation Technologies

Lotte Construction will participate in a Proof of Concept (PoC) project to validate startup construction technologies on actual sites in collaboration with the Korea Institute of Startup & Entrepreneurship Development and the Seoul Business Agency, receiving up to 620 million won in support.

On the 23rd, Lotte Construction announced that it had applied for five collaboration projects for three open innovation programs announced this year by the Korea Institute of Startup & Entrepreneurship Development, and that all were selected. Open innovation refers to a program in which corporations and startups co-develop technologies and verify their performance and business feasibility in real-world settings.

Lotte Construction 2026 Open Innovation Program Image. Lotte Construction

Lotte Construction will conduct on-site demonstrations with Spanner, a construction automation startup, until January 2027, as part of the "Public-Private Collaboration Open Innovation Support Project." Additionally, joint tests of floor impact sound reduction technologies for apartment buildings will be conducted with Regent TI & I, selected for the "Super-Gap Startup Program," through December this year.

Three additional projects will also be pursued: developing autonomous robots for material transport, autonomous and remote earthwork equipment control, and AI-based site monitoring. Lotte Construction plans to select the startup partners for each of these projects next month and begin field testing.

In the program operated with the Seoul Business Agency, three startups have been selected. Double S&DT will handle AI-based supervision records management; Frictech will provide defect detection technology based on indoor positioning; and MobilityOne will focus on integrated management of robots of different types. All three companies will validate their technologies at Lotte Construction work sites through November this year.

Lotte Construction established a dedicated organization within its Technology Research Institute in 2023 to facilitate collaboration with startups. For technologies proven to have on-site applicability, the company also plans to pursue joint development and intellectual property applications.

A representative from Lotte Construction stated, "Construction automation, AI, and robotics technology are emerging as key competitive elements in the future construction industry. Through close collaboration with public agencies, we aim to discover startups with outstanding technological capabilities and lead innovation in smart construction technology."

This content was produced with the assistance of AI translation services.