aidot

[View original text]

LG Group announced that it will hold the “LG Connect” event for two days from the 14th of October to discover promising startups and promote startup exchanges and joint research 

and development.

The ‘LG Connect’ event, which is in its third year this year, will be held in the form of an online virtual exhibition hall in consideration of the recent situation with the novel coronavirus infection (COVID 19). On this event, 50 innovative start-ups selected by LG through public offerings over the past seven months have participated. It plans to introduce their own 

technologies in healthcare, mobility, lifestyle-related AI solutions, virtual/augmented reality technology, and robotics, and demonstrate related products.

The name of the event was changed from the existing ‘Startup Tech Fair’ to ‘LG Connect’ with the intention of expanding the startup ecosystem by expanding the contact points to the general public.

In the virtual exhibition hall, which anyone can view on a PC or mobile device, the VR education solution of the company 'Fake Eyes', which uses virtual reality-related technology to 

provide the experience of taking classes at home as if sitting in a classroom, also the compay AIDOT's artificial intelligence technology is introduced.

There is also a robot suit for rehabilitation assistance from ‘H Robotics’ that can receive physical rehabilitation treatment at home using robot technology, and the company 

‘Hampking’, its technology that helps calculate costs by reading invoice information from around the world and entering it into the customs system.

Participants in ‘LG Connect’ can communicate with startups through real-time chatting. The general public can view the technologies and products of start-up companies through the website (www.lgconnect.co.kr) and the app.

In addition, seminars on the topics of the startup ecosystem and the latest technology trends, such as ‘the mobility market in the post-COVID-19 era’ and ‘the global advancement of 

AI companies and the status of AI in developed countries’, will be broadcast live online through the website and app.

This year, it was decided to select three startups with high growth potential by combining not only expert evaluations such as venture capital, but also online voting by the general 

public who participated in the event, and to provide a total of 60 million won in development support. In addition, it plans to cooperate with 'Wadiz' to support participating startups to 

attract investment through crowdfunding.

LG plans to support start-ups that have decided to collaborate with ▲ joint research and development ▲ commercialization support ▲ moving into an open research space in LG 

Science Park ▲ global promotion. From 2018 to the present, about 10 startups have signed technology licenses, joint research, and business commercialization.

Sam-soo Lee, CEO of LG Science Park, said, “Our goal is to build a larger innovation ecosystem and grow together, rather than simply collaborating with startups. In the future, we will continue to strive to lead open innovation and discover future engines through extensive cooperation with industry, academia, and the public sector as well as startups.”

[Yonhap News / Reporter Chul-seon Kim]

14th. Oct. 2020. 11:34