LG selects finalists in first ‘Future Mission’ challenge, develops new business venture

Choose the “Mission of the Future” company and LG to pursue together Innovative Solutions for Digital Health, Metaverse and Electric Vehicles

San Francisco, September 7 July 2022 /PRNewswire/ — LG NOVA, the North American innovation center of LG Electronics, has chosen shortlisted company for future mission Global Challenge Program. The two companies, representing multiple potential business paths in three industries, will partner with the LG NOVA team to develop new businesses while continuing to grow and expand the company, and are eligible for potential investment from LG and other investors within the LG NOVA ecosystem for the benefit of humanity , communities and the planet to develop impactful solutions. *

Dr. Sokwoo Rhee, Senior Vice President of LG Electronics Innovation and Head of LG NOVA. “Congratulations to the finalists and all companies participating in this competition future mission challenge. We look forward to working with these companies to innovate for a brighter, more technologically advanced future. “

Finalists were selected from approximately 1,300 applicants. They won the top spot after working closely with the LG NOVA Entrepreneur-In-Residence team for six to nine months to build and test the proposal. Throughout the process, the companies had the opportunity to meet with the LG business team and other investors within the LG NOVA ecosystem.Finalists are presented to LG Electronics Global CEO William Chao.

Rhee said this unique challenge program has the opportunity to diversify and expand LG’s technology portfolio, prioritizing innovations that enable a better life in key impact industries. “These incredible companies have the potential to change the world, and LG looks forward to working with them to use innovation to impact society in meaningful ways,” he said.

Through the selection of these companies, LG NOVA will build new businesses in digital health, electric vehicles and Metaverse, and seek multiple avenues to provide new services and solutions to help us move faster into the future.

digital health – LG NOVA is working to expand and expand access to healthcare and personal health services with digital health capabilities essential to delivering healthcare to diverse and diverse communities.

  • Debbie Health is a digital care platform that uses gut microbiome insights, genetics, artificial intelligence and food as medicine to prevent and reverse chronic metabolic, digestive and mental health conditions. LG and Digbi will work together to make care accessible to homes and offices around the world and advance treatment.
  • name of life It is a B2B2C precision health platform based on genomics and artificial intelligence, providing personalized health and well-being solutions for the world’s leading companies. LG and LifeNome plan to bring the world’s first precision maternal and family health platform to market, providing 24/7 support for pregnant women from conception through the early stages of a child’s life.
  • mental health is a sensor-based technology platform that uses cameras in patient-owned devices to virtually capture health and biological readings to help physicians improve medical diagnosis and treatment. LG’s partnership with Mindset Medical expands new services available to physicians and providers that are expected to make it easier for medical providers to understand a patient’s health over time or during live virtual doctor visits.
  • XRHealth Develop virtual treatment rooms that integrate immersive VR/AR technology, licensed clinicians and real-time data analytics on one platform to provide patients with comprehensive treatment care solutions through the continuum of care from the hospital to the patient’s home. LG and XRHealth will continue to develop service offerings that provide clinicians with more insights and enable more precise, personalized care.

electric car – Due to LG’s commitment to sustainability as an organization, LG NOVA is striving to pursue new opportunities to expand the use of electric vehicles (EVs) and electric vehicle solutions by enabling more businesses to leverage their infrastructure to provide electric vehicle services .

  • driving force An end-to-end EV charging and smart energy management software platform for major EV service providers. LG and Driivz will join forces to advance the entire hospitality industry U.S. Provide EV charging as a service while optimizing its EV charging operations and providing customers with a superior EV charging experience.
  • I-EMS Solutions Ltd. Using innovative artificial intelligence and blockchain-based distributed energy management systems (DERMS) and transactional energy software platforms to enable power optimization across smart cities, smart homes and electric vehicles. By partnering with I-EMS, LG will help modernize the grid and optimize energy management to bring better power management solutions to the market.
  • spark charging Provides EV owners an affordable and convenient way to charge their EVs without the need for a direct-access charger at home or on the road. LG and SparkCharge plan to work together to provide businesses with turnkey electric vehicle solutions to generate revenue streams from their parking spaces.

metaverse – The Metaverse will bring more powerful features that will change the way we participate in the digital space in the future. LG is looking to expand its role and explore new services and apps for businesses leveraging Metaverse’s capabilities.

  • iQ3 connection Provides immersive 3D workspace technology that enables distributed teams to cost-effectively work, collaborate and train anywhere, on any AR, VR or 2D device. LG will partner with iQ3 Connect to deploy immersive training and real-time collaborative workspace solutions for enterprises.
  • neural trainer is a brain training and optimization platform deployed in VR to create immersive environments and training protocols that leverage the science of neuroplasticity to enhance attention and cognition. Building on the capabilities of the iQ3, LG and NeuroTrainer will collaborate to add platform features and enhancements designed to further complement NeuroTrainer as a powerful tool for corporate wellness and resilience.

LG Nova the second year future mission (2022) is now open for submission.Submission deadline is Thursday, October. June 6, 2022. Please visit www.lgnova.com/mission22 More information on how to submit new ideas to LG NOVA.

*Subject to due diligence and other considerations.

LG NOVA, the North American innovation hub of global innovation leader LG Electronics, is a team focused on bringing innovation to LG from the outside. LG NOVA is headquartered in Santa Clara, California. The center’s mission is to build, nurture and develop innovations that impact the future. Learn more about LG NOVA at www.lgnova.com.

About LG Electronics U.S.
LG American Electronics Corporation, headquartered in Englewood cliff, One.J., is a North American subsidiary LG Electronics, Inc., a $63 billion global technology and manufacturing innovator.inside U.S., LG Sells a wide range of innovative home appliances, home entertainment products, commercial displays, air conditioning systems, energy solutions and auto parts. LG is an ENERGY STAR 2022® Partner of the Year – Continued Excellence.The company’s commitment to environmental sustainability and its “Life’s Good” marketing themes include how LG Committed to the well-being of people by exceeding expectations today and tomorrow. www.LG.com.

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Source LG Electronics U.S.

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