LG NOVA to Feature Inspirational Startups in Its Eureka Park Showcase at CES 2024
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By News Reporter
New Program Connects LG, Strategic Partners and Startups to
Ignite Collaboration and Development of Innovative Ideas for a Better Future
SANTA CLARA, Calif., Sept. 19, 2024 — LG Electronics today announced the launch of the LG NOVA Partner Alliance Program – a platform that brings together corporate partners and startups for cross-industry collaborations, technology and business development, and commercial partnerships to catalyze the growth of innovations for the future.
Spearheaded by LG NOVA, LG Electronics’ North America Innovation Center, the Program extends the success of LG NOVA’s mission to co-create new ventures with startups to its corporate partners with the goal to encourage exponential growth of new innovations in the market by creating more pathways for innovative ideas to flourish at a greater rate.
Joining the Partner Alliance Program at launch are
link hidden, please login to view, , , , and the . These organizations have all signed on to work with LG NOVA and its extensive startup ecosystem to generate and explore new concepts; develop, test and validate those concepts; and collaborate on innovative product solutions or even co-create new businesses. Additional partners will be added to the Partner Alliance Program in the coming months. “The new Partner Alliance Program aligns with our core mission to collaborate and create an eco-system for startups to thrive and ensure that the innovations today become the market-leading solutions of tomorrow,” said Dr. Sokwoo Rhee, corporate executive vice president for Innovation, LG Electronics and head of LG NOVA.
Kevin Chong, LG NOVA’s head of corporate and business development, said, “This program is a win-win for all parties, including LG, as we continue to explore new ideas for business co-creation. The growth of new ideas and cross-industry collaboration will help the markets move forward faster towards a better future that benefits all of us, businesses, people and the planet.”
In bringing on corporate partners to its Program, LG NOVA is helping to create more opportunities for startups to find quintessential industry partners that will help it reach commercial success at a larger level, Chong explained. For the corporate partners, finding innovative startups to work with will help them address new market opportunities, extend their businesses into new areas and better address the changing needs of their customers.
The Partner Alliance Program will leverage the resources of LG Electronics existing business units while also tapping into the pipeline of startups and resources available through the LG NOVA’s – a broad umbrella of programs designed around engaging with the entire innovation ecosystem to explore ideas on creating a better future through collaboration and tech innovations.
LG NOVA and the newly announced partners in the Partner Alliance Program plan to share more about their goals and vision for this program at the 2024 LG NOVA InnoFest, Sept. 25-26, at the Palace of Fine Arts in San Francisco, Calif.
LG NOVA’s annual InnoFest conference unites business leaders, innovators and investors to collaborate on solutions for a better future, this year, under the theme of “Lighting the Halo of Innovation,” inspiring attendees to focus on impactful co-creation and bold ideas. For more information about this year’s event visit .
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By MinoDc
Hi to all.
I recently purchased a lg tv with web os. On the old TV was using an external media player (wd live tv). Now I wanted to directly connect the USB disk to the TV.
Unfortunately, I can not do it, because, to my regret, the web os does not have a file manager So I can not copy, move, or do anything on the external drive, no do not connect it to the PC first.
I ask is you are putting a file manager, so you can manage files between USB devices connected.
In addition to, if possible, add an icon to each file (movie) already seen.
What do you think
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By News Reporter
Company Invites IFA Attendees to Make the Moment Last
With Its Portable Projector, LG CineBeam Q
SEOUL, Sep. 4, 2024 — LG Electronics (LG) is poised to make a significant impact at IFA 2024 in Berlin, Germany (September 6-10) with the European debut of its powerhouse 4K mini projector, the LG CineBeam Q (model HU710PB). Ready to impress visitors at LG’s expansive booth at Messe Berlin, the CineBeam Q boasts a unique, minimalist design, outstanding image quality and a host of advanced features. The booth will also feature a special photo zone where visitors can take photos against a backdrop featuring stunning visuals projected by the CineBeam Q and receive an exclusive gift to make the moment last.
First unveiled at CES 2024 in January, the LG CineBeam Q continues to earn praise from consumers and the media for its stellar performance, convenient functionality and striking, modern appearance. Among the many accolades it has received is a ‘Top Choice 2024’ nod from
link hidden, please login to view, a trusted review site and one of the world’s largest online forums for home theater and AV aficionados. The HU710PB distinguishes itself from other projectors on the market with its instantly recognizable and highly portable design. Integrating a unique 360-degree rotatable handle that doubles as a stand, the LG CineBeam Q delivers crisp 4K UHD (3,840 x 2,160) resolution images on a cinematic scale (up to 120 inches). It also boasts a superb 450,000:1 contrast ratio and 154 percent coverage of the DCI-P3 color gamut, providing vibrant colors, deep blacks and exceptional viewing experiences, day or night.
Additionally, the LG CineBeam Q features Auto Screen Adjustment,1 which automatically fine-tunes focus, keystone and screen-alignment for hassle-free setup and a precisely-calibrated image in various environments. Equipped with the intuitive-to-use LG webOS platform, the HU710PB presents easy access to popular streaming services including Netflix, Disney+, Amazon Prime Video and YouTube,2 giving users a wealth of great content choices without the need to connect to an external device. For more viewing options, the LG CineBeam Q lets users effortlessly stream and mirror content from their smart devices via AirPlay 2 and ScreenShare.3
Along with premium picture quality and intuitive configuration and control, the company’s unique 4K projector blends in seamlessly with almost any home décor thanks to its clean, minimalist design. In addition to showcasing the CineBeam Q at IFA, LG is raising awareness of its mini projector and its many advantages, including its versatility and suitability for diverse living environments, with a social media campaign featuring around 100 influencers. The campaign highlights various uses of the CineBeam Q, showcasing how it fits into home décor and tech setups for single households, families and couples, as well as its applications in premium living, sports viewing and art exhibitions.
Visitors can experience the LG CineBeam Q projector firsthand – and receive exclusive, free gifts – at LG’s booth in Hall 18 at Messe Berlin throughout IFA 2024.
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1 Auto Screen Adjustment may not work properly if the distance between the projector and the screen exceeds 2 meters, or the angle of placement is over 25 degrees.
2 Many streaming apps available on webOS require a paid subscription. Support for specific streaming apps may vary by country.
3 Available when the device is connected to the Internet via cable or Wi-Fi network.
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By News Reporter
MORGANTOWN, W.V., Aug. 26, 2024 — LG Electronics today announced that it has established operations in the West Virginia as part of its strategic innovation initiative with the state aimed at advancing the development of new technologies for renewable energy, healthcare and industries of the future.
LG NOVA, LG Electronics’ North America Innovation Center, is opening offices in Morgantown and plans to open another office in Huntington, hometowns for West Virginia University and Marshall University, respectively. To celebrate the office opening in Morgantown, LG is hosting an
link hidden, please login to view event on Monday, August 26th at its new office space to meet with startups, entrepreneurs and business leaders. In addition, LG NOVA is recruiting now for regional operations directors for and , and anticipates hiring additional positions including engineering and technical roles in the months ahead.
The expansion supports LG Electronics’ bringing 275 jobs to West Virginia, to spur the growth of new technologies, investments and economic development for companies and people in the area as announced earlier this year by West Virginia Gov. Jim Justice and LG Electronics CEO William Cho.
Primefocus Health
Exemplifying how LG is driving innovation in the Appalachian Region, , the new digital health venture launched in collaboration with LG NOVA, announced its first customer: Marshall Health Network Inc., a leading West Virginia-based academic health system.
Primefocus Health and Marshall Health Network are working together to customize the Primefocus Health platform to support Marshall Health Network in addressing key regional healthcare issues, such as obesity, healthy aging, substance use disorder, and rural healthcare needs. The Marshall Health Network serves 1.4 million residents in 40 counties in West Virginia, southern Ohio and eastern Kentucky.
The Primefocus Health platform enables providers to deliver a personalized, complete care experience and improve access to quality healthcare. As part of the collaboration, Primefocus Health will also be actively hiring for roles related to the implementation and support of these solutions, creating new job opportunities within the region. Read more about this announcement at .
Dr. Sokwoo Rhee, LG Electronics corporate executive vice president for innovation and head of LG NOVA, said, “Our collaboration with the State of West Virginia enables us to drive innovation and create transformative technologies and businesses to positively impact the people of West Virginia and the broader Appalachian region. We look forward to growing our contributions in the state, and we’re excited about the incredible potential this collaboration holds for advancing our business and the region’s development.”
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By News Reporter
Company Joins SBVA’s AI Fund and Continues Efforts to
Nurture Future Businesses Through Open Innovation Activities
SEOUL, Aug. 19, 2024 — LG Electronics (LG) is making significant investments in startups specializing in artificial intelligence (AI) and deep tech. LG has committed USD 10 million as a key limited partner in the newly established USD 130 million “Alpha Intelligence Fund (AIF)” by
link hidden, please login to view. SBVA will curate a portfolio for AIF by selecting startups with high growth potential in AI, deep tech and robotics. The firm aims to leverage its global networks and resources to support the growth and meaningful achievements of these startups.
For over 20 years, SBVA has been investing in global startups, enhancing its expertise in ICT technology and strengthening its international network. By participating in the SBVA fund, LG plans to engage in the sharing of information on rapidly changing innovative technology trends and reflect these global market changes in its management strategies.
Through this investment, LG aims to expand cooperation with innovative startups and continue efforts to secure future technologies, ultimately seeking qualitative growth. The company plans to strengthen its networking with leading global companies and startups, discover additional opportunities for strategic investments and secure technological capabilities for future businesses.
LG intends to accelerate its transformation into a “Smart Life Solutions” company by securing innovative technologies for its key growth engines, including platform-based service businesses, B2B businesses and other new ventures. The company plans to continue efforts to secure future core technologies and expand its business areas beyond the home to business spaces, mobility and more.
Previously, in July, LG acquired an 80 percent stake in Athom, a smart home platform company headquartered in Enschede, Netherlands, and signed a contract to acquire the remaining 20 percent within the next three years. In March, LG invested USD 60 million in Bear Robotics – an AI-based autonomous service robot startup headquartered in Redwood City, Silicon Valley, USA – through a new stock acquisition agreement to acquire a stake in Bear Robotics.
In addition, through LG NOVA – the company’s Silicon Valley-based innovation center – LG has been conducting annual contests since 2021 to discover and nurture startups with innovative ideas and support their commercialization, thereby seeking new business opportunities. LG NOVA is particularly focused on building sustainable growth and nurturing systems for future innovative industries such as digital healthcare, clean tech and AI.
“By participating in the AIF, we aim to secure AI capabilities through active open innovation activities and strengthen our position within the AI value chain,” said Eugene Yoo, vice president and leader of the Open Innovation Task at LG. “We plan to discover and collaborate with capable startups to explore future business opportunities.”
“We will continue to make investments that accelerate technological innovation, leveraging our differentiated technical expertise, global network and investment experience. We plan to maximize the growth potential of these companies by supporting the establishment of joint ventures with startups and major investors, and by promoting collaborative business projects,” said SBVA CEO JP Lee.
Meanwhile, SBVA, established as SoftBank Ventures Asia under the SoftBank Group, was acquired last year by The Edgeof, an investment company led by Taizo Son, chairman of the global investment firm Mistletoe, and became independent. SBVA manages assets totaling approximately USD 2 billion AUM and has offices in San Francisco, Israel, Singapore and Seoul. It is investing in over 100 companies. SBVA plans to conduct a second closing within the year to increase the size of the AIF.
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