Selected companies will have the opportunity to join a six to nine-month challenge program to build their business with LG. In the program, companies will go through a co-collaboration process for evaluation, testing, piloting, which will lead to 10 companies selected as the finalists. In the process:
Up to 50 companies will have access to resources to help grow their business, which may include access to basic business infrastructure support, networking opportunities with global tech leaders, mentorship, etc.
SEE THE FIRST 50
The companies selected in the second stage, up to 20, will work with LG NOVA's incubation team to unlock opportunities for their business with resources from LG's global parent and affiliate organizations, which may include potential capital investments from LG or its partners.
The finalists of the competition, up to 10 companies, will get the opportunity to build their business in collaboration with LG. As the finalists, these participants will have the opportunity to be on an accelerated path to success supported by LG as they continue to move forward with the jointly developed business.
All will be joining the LG NOVA Universe, where we hope to grow a community of entrepreneurs and start-ups that are working to create a better future for us all. The NOVA Universe is your window to other opportunities.
To be eligible for The Challenge:
Application can be submitted to the Mission for the Future Challenge here.
There are two parts to the application. Once you've submit part 1 you will be invited to fill out part 2. Please submit your entries to part 1 by October 27, 2021, 11:59 p.m. PT. The deadline for part 2 is November 1st, 2021, 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 2022.
Contact us with questions on the challenge here.
Application must include only non-confidential and non-proprietary content.