By Lee Kap-soo

Highlighting breakthrough startups, LG NOVA, LG Electronics’ North American Innovation Center, announced the winners of the Startup Pitch Competition at its annual Innovation Festival in October 2023. 

The LG NOVA Innovation Festival is a unique event that brings together innovators to discuss, explore and build next-generation technological solutions for the advancement of people and the planet.

The Innovation Festival provides an ideal setting for the recognition of new growing startups with the potential to make a positive impact for a better future. This year, twelve companies, chosen from more than 100 startups in the fields of digital health, cleantech & sustainability, future tech and innovation for impact competed for the top prize of USD 15,000. 

Digital Health category represents companies working on digital health software, services and technologies solutions that lead the industry toward transformative change in access, care and services for healthcare. 

The cleantech & sustainability category includes companies working on software and platform for efficient energy management, sustainability and ESG initiatives for better planet health, while future tech is focused on the convergence of new emerging tech such as AI, virtual and augmented reality, robotics, automation and other innovative technology. Within the Innovative for Impact category, judges are looking for a stand out technology application or business with a mission that is driven to create a tangible impact on people or the planet. Judges for the competition included LG executives, investors and industry veterans.

All winners received cash prizes and were recognized as top startups in the Startup Pitch Competition at the Innovation Festival. LG NOVA will be evaluating potential opportunities for collaboration with all of the 12 participants chosen in the Startup Pitch Competition for its Mission for the Future Program, now accepting submissions. Interested companies can apply now at www.lgnova.com/join-the-mission.
 
“We are very proud to support and celebrate these extraordinary startups that are contributing to positive change and a better future in our world,” said Dr. Sokwoo Rhee, LG Electronics, senior vice president of innovation and head of LG NOVA. “The LG NOVA Innovation Festival continues to be a hub for groundbreaking innovations, and we look forward to witnessing the impact of these winning startups in the industry.”