LG selects 9 startups for its future growth engine

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This photo provided by LG Electronics Inc. shows its two-day Fall Innovation Festival held at the Craneway Pavilion in San Francisco from Wednesday through Thursday. (LG Electronics Inc.)

LG Electronics Inc. announced on Tuesday that it has chosen nine startups that could lead the tech company’s future growth in digital health, metaverse and electric mobility.

LG’s North American Innovation Center, based in San Francisco, concluded its two-day Fall Innovation Festival last week, during which it announced nine most promising startups across all three sectors, in presence of entrepreneurs, investors and influencers.

The nine winners of the Mission for the Future program were chosen from approximately 1,300 startups around the world.

LG said it plans to invest a maximum of $20 million in total to realize the ideas of the nine winners and grow their businesses.

Among the winners, XRHealth offers a remote medical service in virtual treatment rooms based on immersive virtual and augmented reality. Mindset Medical offers a platform where a patient uses a camera to send health and biological information and readings to doctors for more accurate medical diagnosis and effective treatment.

Driivz runs software that enables leading electric vehicle (EV) vendors to offer an end-to-end intelligent energy management and charging platform.

LG said iQ3 Connect is a 3D workspace solutions provider that enables users to work profitably and collaborate and train with others without constraints across locations.

The South Korean tech company launched the Innovation Center in August last year to create a collaborative ecosystem to accelerate the growth of new ideas and take them to the next stage of development based on the belief that “innovations happen through collaboration”. (Yonhap)


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