Competition for Innovators and a Chance to Win Valuable Prizes from LG NOVA

LG NOVA’S is pleased to open the participation for a competition; LG NOVA’S Mission For the Future 2022. MFTF is looking for ideas in Digital Health, Metaverse/Gaming, ESG/Electric Mobility, Display Solutions, and Smart Lifestyles to help in building the future. The innovation category is the opportunity to share new ideas, concepts, and innovations that will go beyond today and transition into the future at a faster pace. It includes two phases: the MFTF Search, and the LG NOVA incubation program.

You will get the chance to:

• Up to $100,000 USD for joint product or concept development.
• Resources and multi-million dollar funding for new joint business creation with the finalists.
• Participate in seminars, mentoring and other learning and networking opportunities.
• Support from LG’s global infrastructure and supply chain.
• Access resources and investment funds from the LG team and its investor partners.

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To be eligible for the MFTF:

• You or, a member of the Team, must have developed, or be in the process of developing a product or service based on new or innovative technology, or an innovative application of an existing technology developed.
• The Innovation developed or under development has the potential to address one of the following five key focus tracks:
• Digital Health
• ESG/Electric Mobility
• Smart Lifestyles
• Metaverse & Gaming
• Open Innovation
• Display Solutions
• Individuals or individual Entities: Companies of any size, academic researchers, research institutions, accelerators, incubators, technology transfer firms, consultants, venture capitalists, entrepreneurs, and inventors.
• Teams and collaborative groups of one or more individuals or entities provided that designates a primary point of contact (“Team Contact”) to engage with LG NOVA.
• Only one set of Entry Materials may be submitted per entrant or Team.
• All Entries must be in English, without exception.
• Once Entry Materials are uploaded, they are deemed final and may not be modified, supplemented or edited.
• The “Scheduled Collaboration Period” shall be a period of six months after the date an Entrant is notified it is a Qualifier.
• MFTF Materials must not contain any infringes or otherwise violates the intellectual property rights of any third party.

Selection Process:

Your work will be evaluated according to:

• Market Attractiveness.
• Team Strength.
• Right to Win.
• Potential Synergy with LG NOVA.
• Innovation.

About LG NOVA: 

LG NOVA is a new center based in Silicon Valley in the USA dedicated to catalyzing innovations for a better life. It aims to improve quality of life by helping businesses that impact the future to achieve instrumental success. LG serves global communities. It is dedicated to ensuring that its future work provides a positive social impact, as wide and diverse as possible.

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