LG believes that diverse and inclusive perspectives lead to better innovation. LG NOVA, LG’s new innovation center based in Silicon Valley, seeks to partner with innovative start-ups and entrepreneurs. With its global reach and infrastructure, LG believes it is ideally positioned to help these ideas succeed for the betterment of people, communities and the planet.of LG NOVA Mission for the Future 2022 is a global startup engagement program for startups and entrepreneurs to submit their ideas to LG.
Discover LG NOVA Future Mission 2022 Open Innovation Program
The LG NOVA team and Mission for the Future program was established to provide resources to nurture and grow business with start-ups. These resources include grant opportunities to explore pilots and proofs of concept (POCs) and/or related equity investments.
Key Focus Areas of Mission for the Future 2022
LG NOVA’s future mission seeks new and innovative solutions in six key areas that improve the quality of life for people, communities and the planet.
- digital health: Changing the concept of health and wellness.
- Metaverse and games: Building immersive, limitless experiences for everyone.
- ESG & Electric Mobility: Accelerate the growth of sustainability.
- display solution: Change the lifestyle of people and communities.
- smart lifestyle: Exploring new innovations for a better life.
- open innovation: Discovery of new ideas to create the future.
Mission for Future Benefits and Opportunities
Startups selected to advance in this program will participate in an incubation and commercial promotion program with the LG NOVA team to further test and explore their business ideas. These companies may also be eligible for the following benefits:
- Collaborate with LG for Possibilities Opportunity to develop multi-million dollar engagements as new business Part of LG’s global innovation portfolio.
- receive Grants up to USD 100,000 For pilots, proofs of concept (POC), or development.
- receive Resources and potential investments from LG Electronics, LG Display, and other LG NOVA affiliates It can add up to millions of dollars.
Key Dates and Program Timelines
The deadline for submission of proposals is October 20 – Apply now!
- Mid-October to December: evaluation and selection process. LG NOVA may pitch ideas to the LG team and invite companies to work with EIR.
- After January 2023: Proposal idea/pilot formation process with LG NOVA Incubation team. The engagement process continues.
Selected companies will enter a 6-9 month collaborative process with LG. This will be the time for evaluation, testing, and piloting. Up to 10 companies will be selected as finalists.
Are you eligible for the LG NOVA Mission for the Future?
Mission for the Future 2022 is open to all types of applicants, including:
- companies of all sizes
- academic researcher
- research Institute
- entrepreneur
- inventor
Teams and collaborative groups of one or more individuals or companies are also eligible.
Why work with LG NOVA
LG NOVA’s Entrepreneurs-in-Residence knows what it takes to take your business from startup to scale and beyond. They are motivated to develop market fit, advance product customer testing, align resources, find capital, drive adoption, and scale application ideas to help startups succeed. Additionally, LG NOVA benefits from a strong network of corporate partners, public and private organizations, advisors and industry leaders who are ready to build a better future.
Ready to work with LG NOVA to expand your business globally? Apply now.
______
Sharing is caring!