Selected companies will have the opportunity to enter into a 6 to 9-month program to build their business with LG. In the program, companies will go through a co-collaboration process for evaluation, testing, and piloting, which will lead to up to 10 companies selected as the finalists. In the process:
Submissions acceptance period. Submissions close on Thursday, October 20th at 11:59 p.m. PT.
Up to 40 companies are chosen to join the LG NOVA Program. As a part of the Initial Selection of companies, the 40 companies will be provided with mentorship, presented to outside investors, and have access to seminars, coaching, and other learning and networking opportunities. They will work directly with the LG team to explore new business opportunities. LG Team will review their proposal and work together, including access to basic business infrastructure support, networking opportunities with investors, global tech leaders, mentorship, etc. The 40 companies are invited to present their company and collaboration ideas to the LG team. LG EIR will pitch alongside the business on the relevancy of the idea to LG.
Up to 20 companies selected in the second phase will work with the LG NOVA team to build their co-collaboration proposal in a series of engagements that may include business collaboration workshops, engagements with the Incubation team, PoC development, and joint collaboration pitch. The LG NOVA team will work with LG BUs, companies (including LG Display), and other organizations to unlock opportunities for market POC projects supported with resources from LG’s global infrastructure, including capital investments from LG and its partners.
Up to 10 companies will be provided with the opportunity to build their business in collaboration with LG. The companies will be on an accelerated path to success supported by LG as they continue to move forward with the jointly developed business.
Throughout the process, the LG NOVA Team will work closely with the companies to determine the right pace for co-collaboration and business development. Based on market dynamics and engagement specifics, some businesses will take longer to develop than others.
The Mission for the Future 2022 is open to all types of applicants, including any of following, as long as the applicant meets the eligibility criteria in Section 2(b):
To be eligible for the MFTF:
Excluded Countries:
Each of the following is an Excluded Country: Crimea – Region of Ukraine, Cuba, Iran, North Korea (Democratic People’s Republic of Korea), Sudan, Russia, Belarus, and Syria.
Proposals can be submitted to the Mission for the Future 22 here.
The submission deadline is October 20, 2022, 11:59 p.m. PT
Early entries may receive notifications of ongoing opportunities to engage with the LG NOVA team during the submission process.
The online form will provide the opportunity to share your idea and how you would like to engage with LG.
The submission will be evaluated by the LG NOVA team based on the evaluation criteria provided above. We will notify founders selected to take part in the next step of the competition in January 2023.
Contact us with questions here.
Proposal must include only non-confidential and non-proprietary content.