The Gyeonggi Center for Creative Economy and Innovation (hereinafter referred to as the Gyeonggi CCEI) announced that it had recently signed a business agreement with LG Electronics' H&A headquarters to promote a collaborative open innovation program linked to star-tups.
Through this agreement, the two companies will jointly promote the ‘LG Future Home Tech Innovator with GCCEI’ program. This program is an open innovation program to create synergy through business development cooperation between innovative start-ups and LG Electronics' H&A headquarters. LG Electronics H&A Headquarters promotes promising startups and open innovation, and Gyeonggi Innovation Center supports them.
After the collaboration matching with promising start-ups, the Gyeonggi CCEI plans to provide various follow-up support such as ▲ commercialization funding and business link support ▲ reviewing the aid of office space in Pangyo for star-tups ▲ and direct and indirect investment linkage to Gyeonggi CCEI
The recruitment period is until the 21st of next month (Friday), and the fields for the application are technology and service proposals for realizing LG Electronics' UP home appliances, and proposals for new business ideas linked to home appliances. Details are on the Gyeonggi CCEI Open Bridge website.
An official with the Open Innovation at Gyeonggi CCEI said, “Through this agreement, we will actively support cooperation between LG Electronics’ H&A headquarters and promising startups.” He added, “We are looking forward to the synergy effect that the open innovation with promising domestic and foreign startups will bring.”
Meanwhile, since 2016, the Gyeonggi CCEI has jointly operated open innovation programs with partners such as KT, BMW Group Korea, NongHyup Agribusiness Group, Lotte World/Lotte Cultureworks, Daekyo, KB Kookmin Bank, and LG Display, and has carried out more than 200 business developments including PoC, strategic investment, and commercialization.
Source: Pangyo Techno Valley Official Newsroom