- The company opens international research contest to strengthen
technology leadership; open for entries until January 31, 2025
- Selected researchers to receive annual research funding of up
to USD 150,000 annually
- BIC program revamped to enhance two-way collaboration between
industry and academia
SEOUL,
South Korea, Dec. 26,
2024 /PRNewswire/ -- LG Energy Solution (KRX:
373220) has announced its launch of the 'Battery Innovation Contest
(BIC) 2025' to identify and support the next groundbreaking battery
technologies.
Innovators from universities and research institutions worldwide
are encouraged to submit proposals until January 31, 2025, at
https://bridge.lgensol.com/.
Since its inaugural competition in 2017, BIC has been LG Energy
Solution's flagship research contest. This year's edition has been
revamped to foster greater collaboration between academia and
industry.
Selected researchers will receive annual research funding of up
to USD 150,000 annually. Additional
funding may be granted to projects making significant achievements
through extended contracts.
- Maximizing Industry–Academia Benefits through Two-way
Communication
Unlike previous iterations of the competition, 'BIC 2025' allows
participants to submit proposals on specific topics pre-announced
by LG Energy Solution.
"By presenting specific research optics, we aim to go beyond
merely supporting academia and maximize the mutual benefits between
the industry and academia," said an LG Energy Solution
spokesperson.
To facilitate active collaboration, LG Energy Solution has
introduced the 'BRIDGE' system, a platform designed to manage open
innovation programs like BIC. The system facilitates seamless
collaborations with features that help teams working on joint
research projects track their objectives and deliverables.
LG Energy Solution has unveiled the preselected 18 research
topics for collaborative projects on the 'BRIDGE' platform, such
Battery Safety diagnosis algorithm technology and New materials for
LFP Batteries topic. At the same time, the contest retains its
traditional format to ensure participants are free to propose
completely original research ideas. All research proposals must be
submitted through the 'BRIDGE' system.
- "Providing Differentiated Customer Value via Enhanced
Technology Leadership"
To protect the original ideas of every participant, LG Energy
Solution has split the application process into two stages: initial
proposals that provide concise information, followed by detailed
proposals from a shortlist of candidates. This change aims to
safeguard the ideas of researchers not selected for funding.
"The BIC platform serves as a bridge of wisdom between members
of academia and industry, driving technological innovation for the
all-important battery sector," said Je-Young Kim, CTO of LG Energy Solution.
"Through this initiative, we aim to provide differentiated value to
our customers by strengthening our technology leadership."
As of today, LG Energy Solution has supported 26 battery
research projects through the 'BIC' initiative, with some evolving
into large-scale projects that have received additional funding and
resources. Thanks to the success of this competition, the company
continues to establish partnerships with world-leading universities
and research institutions, reinforcing its commitment to preparing
the battery field for the future.
About LG Energy Solution
LG Energy Solution (KRX: 373220), a split-off from LG Chem, is a
leading global manufacturer of lithium-ion batteries for electric
vehicles, mobility, IT, and energy storage systems. With 30 years
of experience in revolutionary battery technology and extensive
research and development (R&D), the company is the top
battery-related patent holder in the world with over 58,000
patents. Its robust global network, which spans North
America, Europe, and Asia, includes battery manufacturing
facilities established through joint ventures with major
automakers. Committed to building sustainable battery ecosystem, LG
Energy Solution aims to achieve carbon neutrality across its value
chain by 2050, while embodying the value of shared growth and
promoting diverse and inclusive corporate culture. To learn more
about LG Energy Solution's ideas and innovations, visit
https://news.lgensol.com.
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SOURCE LG Energy Solution
