The Gyeonggi Creative Economy Innovation Center (hereinafter referred to as the Gyeonggi Innovation Center) announced that it recently signed a business agreement with LG Electronics’ H&A headquarters to promote a collaborative open innovation program linked to startups.
Through this agreement, the two companies plan to jointly promote the ‘LG Future Home Tech Innovator with GCCEI’ program. This program is an open innovation program to create synergy through commercialization cooperation between innovative startups and LG Electronics’ H&A headquarters. LG Electronics’ H&A headquarters promotes promising startups and open innovation, and the Gyeonggi Innovation Center supports this.
After collaborative matching with promising startups, the Gyeonggi Innovation Center plans to provide various follow-up support, including ▲ commercialization funding support and linkage ▲ review of office space support in Pangyo for startups ▲ direct and indirect investment linkage to the Gyeonggi Innovation Center.
The recruitment period is until the 21st of next month (Friday), and the recruitment areas are technology and service proposals for implementing LG Electronics UP home appliances, and new business idea proposals linked to home appliances. Details can be found on the Gyeonggi Innovation Center Open Bridge website.
An official from the Gyeonggi Innovation Center Open Innovation said, “Through this agreement, we will actively support cooperation between LG Electronics H&A headquarters and promising startups,” and added, “We are looking forward to the synergy that open innovation with domestic and foreign promising startups will bring.” added.
Meanwhile, since 2016, the Gyeonggi Innovation Center has jointly operated an open innovation program with partner companies KT, BMW Group Korea, Nonghyup Economic Holdings, Lotte World, Lotte Cultureworks, Daekyo, KB Kookmin Bank, and LG Display, focusing on PoC, strategic investment, and commercialization. A total of more than 200 commercialization connections have been carried out.
Source: Pangyo Techno Valley Official Newsroom
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