LG CHEM TO Find Innovative Concepts FOR SUSTAINABLE Technologies Globally By 3rd International INNOVATION CONTEST

SEOUL, South Korea–(Organization WIRE)–Jan 20, 2021–

LG Chem (KRX: 051910) declared on 20th January that it will host the 3rd World wide Innovation Contest (GIC) for leading universities and investigation institutions around the globe.

Staying the first of its sort in the Korean chemical industry, Global Innovation Contest invitations companies all-around the planet to uncover modern ideas for sustainable technologies.

The contest is open up for entry from 25th January to 31st March in 4 categories: Energy, Sustainability, Highly developed Resources, and Digital Transformation (DX).

Beneath the new eyesight of the enterprise “We join science to existence for a improved potential,” Sustainability and DX are 2 categories newly additional this year.

All scholars and scientists interested in creating the future generation’s modern engineering and marketplace-academia collaboration study are welcome to take part and post their study proposals via the formal GIC site.
( www.rnd.lgchem.com/worldwide/gic )

LG Chem will sort a judging panel of inside professionals to consider the research proposals centered on the company’s sustainability approaches and business options.

The panel will also consider the technological innovativeness, marketability, and value competitiveness to attract up a shortlist. The nominees will be notified independently in July.

Nominated universities and institutes will be granted up to $150,000 of study and growth expenses for each yr throughout their tasks, as nicely as prospects for researcher dispatch and engineering trade to help them.

Because LG Chem held the 1st World-wide Innovation Contest in 2018, it has chosen a whole of 30 ground breaking investigation projects from main universities which include Harvard, Stanford, and Massachusetts Institute of Technological innovation (MIT). The organization has been supporting them with venture fees and technological know-how exchange.

“The International Innovation Contest has great importance as it will offer company-academia collaboration possibilities to establish ground breaking R&D amount know-how into industrial technologies,” claimed Jiyung Yu, the CTO of LG Chem.

Yu added, “We will proceed to innovate ourselves to impress our potential customers by connecting our possess strengths with exterior technologies.”

For far more info on GIC 2021, be sure to stop by www.rnd.lgchem.com/international/gic

Perspective supply edition on businesswire.com:https://www.businesswire.com/information/residence/20210120005244/en/

Make contact with: LG Chem

GIC 2021 Arranging Committee

Su Jeong Han

[email protected]

Key phrase: ASIA PACIFIC SOUTH KOREA

Marketplace Key word: Study OTHER Strength Electricity Technological know-how Natural environment University OTHER Production Instruction SCIENCE Chemical compounds/PLASTICS OTHER Technology Production

Supply: LG Chem

Copyright Business Wire 2021.

PUB: 01/20/2021 09:00 AM/DISC: 01/20/2021 09:01 AM

http://www.businesswire.com/news/home/20210120005244/en