LG CHEM TO Search for Progressive Ideas FOR SUSTAINABLE Systems Throughout the world By means of 3rd World-wide INNOVATION CONTEST

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LG Chem (KRX: 051910) declared on 20th January that it will host the 3rd Worldwide Innovation Contest (GIC) for main universities and analysis institutions worldwide.

 

Remaining the initial of its variety in the Korean chemical sector, World wide Innovation Contest invitations businesses around the planet to find modern concepts for sustainable systems.

 

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

 

Beneath the new vision of the firm “We connect science to life for a better future,” Sustainability and DX are 2 categories freshly included this yr.

 

All students and researchers fascinated in producing the following generation’s progressive technologies and industry-academia collaboration investigate are welcome to participate and submit their research proposals by way of the official GIC web site.
(www.rnd.lgchem.com/world wide/gic)

 

LG Chem will type a judging panel of internal industry experts to examine the study proposals primarily based on the company’s sustainability tactics and business designs.

 

The panel will also take into consideration the technological innovativeness, marketability, and value competitiveness to attract up a shortlist. The nominees will be notified individually in July.

 

Nominated universities and institutes will be granted up to $150,000 of analysis and growth fees for every calendar year in the course of their assignments, as properly as options for researcher dispatch and technology exchange to support them.

 

Because LG Chem held the 1st International Innovation Contest in 2018, it has chosen a total of 30 progressive exploration tasks from main universities such as Harvard, Stanford, and Massachusetts Institute of Technologies (MIT). The business has been supporting them with task expenditures and know-how exchange.

 

“The Worldwide Innovation Contest has terrific importance as it will give company-academia collaboration options to develop impressive R&D stage technologies into business know-how,” explained Jiyung Yu, the CTO of LG Chem.

 

Yu additional, “We will proceed to innovate ourselves to impress our long term customers by connecting our individual strengths with exterior systems.”

 

For additional facts on GIC 2021, remember to check out www.rnd.lgchem.com/world wide/gic