LG NOVA InnoFest Lights the Halo of Innovation
on Bold Ideas and Businesses with Open Conference
Program, Issues a Call for Startups for the Pitch
Competition
SAN
FRANCISCO, July 16, 2024 /PRNewswire/ -- LG
Electronics has opened registration for the fourth annual LG NOVA
InnoFest, taking place on Sept.
25-26, at the Palace of Fine Arts in San Francisco. Hosted by LG NOVA, LG
Electronics' North America Innovation Center, the two-day event
will bring together a cross-section of business leaders, innovators
and investors across various industries to collaborate on solutions
for a better future. This year's event theme, "Lighting the Halo of
Innovation" was designated to inspire attendees to focus on
creating change and impact through co-creation and collaboration on
bold ideas and businesses.
The event brings back its annual Startup Pitch Competition,
where 10 selected startups will compete to win cash prizes, an
audience with executive judges and recognition on stage. In this
competition, LG is looking for bold startups with great potential,
working on innovative ideas that can lead to transformative change
in their markets.
LG Electronics' sister company, LG Chem is co-sponsoring this
year's startup pitch competition, adding a new Life Sciences
category alongside CleanTech, HealthTech, AI, Smart Life and Open
Innovation. The US Business Development team is seeking
next-generation technologies that align with LG Chem's
sustainability mission and will sponsor a new "Innovation for
Impact Award."
For more details on each category, visit:
www.lgnova.com/innofest/call-for-startups. Interested startups can
submit their companies for consideration at
www.lgnova.com/innofest/pitch-competition-application. In addition
to the monetary prizes and on-stage recognition, selected startups
may have the opportunity to collaborate with LG to build
businesses, participate in LG NOVA-sponsored marketing activities,
or qualify for investments from LG and its network.
According to a 2023 study from Boston Consulting Group, 79
percent of companies ranked innovation among their top three
priorities and more than 40 percent expect to increase spending
significantly. Today, innovation is being driven by a collaborative
ecosystem. This interconnected approach, involving startups,
corporations, academia and venture capitalists can result in
groundbreaking solutions. InnoFest seeks to illustrate the
capabilities of this model, bringing together startups, investors
and members of the innovation community to exchange ideas,
encourage, support and discuss how they can all work together to
spur "innovation for a better life."
"Today the responsibility for innovation no longer sits solely
with individual companies; collaboration is critical," said Dr.
Sokwoo Rhee, corporate executive vice president for Innovation at
LG Electronics and head of LG NOVA. "Through InnoFest, we are
bringing together the entire innovation ecosystem, from
corporations to growing startups, to discuss creative and
cutting-edge ideas that have the potential to shape our
future."
Last year's gathering brought 90 industry-leading speakers
together for 28 sessions focused on topics such as women in tech;
balancing growth, profitability, and impact; as well as diversity
in tech. The event enabled people to join in the discussions on
solutions to challenges in these key areas within the innovation
community.
This year, according to Rhee, "InnoFest is boldly reimagining
its program to be more interactive and engaging through a
non-traditional conference format, emphasizing meaningful
connections and inspiring conversations." Attendees can look
forward to influential speakers and keynotes, select curated panels
and more dynamic discussion-based sessions.
"At LG, we believe in the power of optimism and innovation to
change the world," said Rhee, who invited startups to join LG at
InnoFest 2024 "as we strive to create a brighter future
together."
Registration for the Innovation Festival is now open
at innofest.lgnova.com. Interested in speaking or moderating
at the event? Learn more at
https://www.lgnova.com/innofest/speaker-application
About LG NOVA
LG NOVA, the North American Innovation
Center for global innovation leader LG Electronics, is a team
focused on bringing innovation from the outside to LG. LG NOVA is
based in Santa Clara, Calif. The center's mission is to
build, nurture and grow innovations that impact the future. Learn
more about LG NOVA at www.lgnova.com.
About LG Electronics USA
LG Electronics USA, Inc., based in Englewood Cliffs, N.J., is the North American
subsidiary of LG Electronics, Inc., a $60-billion-plus global innovator in technology
and manufacturing. In the United
States, LG sells a wide range of innovative home appliances,
home entertainment products, commercial displays, air conditioning
systems, energy solutions and vehicle components. LG is an 11-time
ENERGY STARĀ® Partner of the Year. www.LG.com.
About LG Chem
LG Chem is a leading global chemical
company with a diversified business portfolio in the key areas of
petrochemicals, advanced materials, and life sciences. The company
manufactures a wide range of products from high-value-added
petrochemicals to renewable plastics, specializing in cutting-edge
electronic and battery materials, as well as drugs and vaccines to
deliver differentiated solutions for its customers. LG Chem is
committed to reaching carbon-neutral growth by 2030 and net-zero
emissions by 2050 by managing the impacts of climate change and
making positive contributions to society through renewable energy
and responsible supply chains. Headquartered in Seoul, Korea, LG Chem has multiple operation
sites worldwide and generated consolidated revenue of KRW 55.2 trillion (USD
41.6 billion) in 2023. For more information, please visit
www.lgcheemm.com.
Media Contact:
LG Electronics USA
Linda Quach
+1 408 903 3045
linda.quach@lge.com
Rick Cohen
+1 212 885 0543
rick.cohen@lg-one.com
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SOURCE LG Electronics USA