LG CHEM TO Search for Revolutionary Thoughts FOR SUSTAINABLE Technologies All over the world As a result of 3rd World-wide INNOVATION CONTEST

LG Chem (KRX: 051910) announced on 20th January that it will host the 3rd World-wide Innovation Contest (GIC) for foremost universities and investigate institutions globally.

Currently being the first of its kind in the Korean chemical field, World wide Innovation Contest invites organizations 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 types: Power, Sustainability, Superior Supplies, and Digital Transformation (DX).

Less than the new eyesight of the enterprise “We join science to daily life for a improved upcoming,” Sustainability and DX are 2 classes freshly included this 12 months.

All students and scientists interested in developing the following generation’s modern technological innovation and market-academia collaboration investigation are welcome to take part and submit their investigation proposals by means of the official GIC web site.

(www.rnd.lgchem.com/world/gic)

LG Chem will type a judging panel of interior authorities to assess the investigate proposals primarily based on the firm’s sustainability approaches and business options.

The panel will also take into consideration the technological innovativeness, marketability, and selling price 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 investigate and development costs per yr through their assignments, as effectively as prospects for researcher dispatch and technologies exchange to guidance them.

Considering that LG Chem held the 1st Worldwide Innovation Contest in 2018, it has chosen a total of 30 revolutionary investigation assignments from big universities including Harvard, Stanford, and Massachusetts Institute of Know-how (MIT). The business has been supporting them with project expenses and technologies exchange.

“The World wide Innovation Contest has excellent importance as it will provide company-academia collaboration options to establish revolutionary R&D amount technological innovation into professional technologies,” mentioned Jiyung Yu, the CTO of LG Chem.

Yu added, “We will carry on to innovate ourselves to impress our upcoming shoppers by connecting our possess strengths with exterior systems.”

For far more info on GIC 2021, remember to take a look at www.rnd.lgchem.com/world/gic