In January I crawled under the skin of LG Nova – electronics and appliance giant LG’s in-house startup incubator – and his search for another way to do a corporate accelerator† Today, NOVA (short for North American Innovation Center) announces the twenty startups it has selected as part of its Mission for the Future global challenge competition. The companies represent new developments in Connected Health, Energizing Mobility, Smart Lifestyle, the Metaverse and Innovation for Impactwhich the company describes as a general “socially impactful” technology category.
Each of these 20 companies will receive $100,000 each to co-create a business framework with LG to pilot LG’s accelerator.
“Over the past few months, our work with the First 50 startups has helped us refine our vision for the future as we look at new growth areas for LG,” Dr. Sokwoo Rhee, senior vice president of innovation at LG Electronics. also interviewed in January, said in an email. “We are inspired by everyone who has participated so far with groundbreaking, thoughtful technical innovations to fuel and contribute to our collaborative community and the guiding principle of ‘outside-in’ innovation. With this announcement, we share the results of our continued work in partnering with the startup and entrepreneurial community to create impactful technologies that will lead society into the future.”
Towards the next phase in Smart lifestyles and innovation for impactLG Nova selected companies that “represent different aspects of people’s changing priorities to simplify life and live better with personalized services”:
- digbia healthcare related company exploring the area of the gut and genetic microbiome
- relatedAI for the smart home designed to ease tasks for the medically challenged homes
- chefling is a smart kitchen assistant that offers recipes for cooking based on ingredients from your grocery receipts.
In the Connected Health space, the innovation center is shifting toward patient-centered care and wellness, accelerated by the pace of adoption of new technology in healthcare over the past two years. Focusing on developing an advanced technology platform for service delivery, LG Nova selected:
- MayaMD is a conversational human AI digital health assistant, which uses AI to provide more information to patients and caregivers for better health services.
- LifeNome is an accurate and biologically personalized enterprise health platform powered by genomics and AI.
- Mindset Medical is a camera sensor-based technology platform that can take health and biological measurements through your personal device for remote physician medical diagnosis.
In the XR category, LG Nova chose a trio of companies that provide “effective alternatives to health and wellness services” to patients through XR/VR/AR environments.
- XRHealth is a virtual healthcare clinic that provides patient care and rehabilitation through VR/AR in combination with clinicians and real-time data analysis.
- TRIP is an XR wellness platform pioneering groundbreaking innovative health and wellness technologies that deepen the connection with yourself through fully immersive alternate realities.
- NeuroTrainer improves focus and performance with virtual reality brain training.
In the Metaverse space, LG is pursuing a variety of applications with the intent to drive wider adoption of new immersive, interactive technologies and create greater business opportunities. Selected:
- iQ3Connect provides a no-code platform that allows companies to create, deliver and consume complex 3D business applications in the metaverse in a web browser on any AR, VR or 2D device.
- Snickerdoodle Labs builds a data-sharing agnostic layer that allows individuals in the next web to manage their personal data and potentially monetize a tokenized data architecture in an all-digital world.
- YBVR brings live events to fans with the technology to quickly turn streaming live video content into immersive experiences.
Finally, LGs Stimulate mobility category focuses on the electric mobility sector and the ecosystem of the charging infrastructure for electric vehicles, essential for achieving a more sustainable future:
- SparkCharge provides an affordable and convenient way for electric vehicle owners to charge their EVs at home or on the road without a direct charger.
- driivz provides a power management software platform that removes the complexity of enabling commercial properties to provide EV charging capabilities to their customers.
I-EMS Group, Ltd. uses AI and blockchain to enable power optimization in smart cities, smart homes and e-mobility. cardomeAI-powered speech clustering technology optimizes speech for vehicle interfaces that play an important role in the transition to advanced AI systems in the car. Faction takes a unique approach to driverless technology and light electric vehicles that introduces a more efficient way to move goods and people.
LG claims that the top 20 companies have been selected from a pool of more than 1,300 applicants.