- In Partnership with Wolves Summit, Company Launches Competition to Discover Innovative Technologies and Solutions for a Better Life at Home
LG Electronics (LG) announced LG Future Home Global Innovation Challenge at Alpha Wolves Summit in Warsaw, Poland. The challenge, which is aimed at startups and fast-growing companies, seeks innovations and solutions for a more convenient, connected, and healthier life at home.
Wolves Summit, a hybrid platform for investors and technology companies in Central and Eastern Europe, is hosting the Alpha Wolves Summit on 7 and 8 April. (CEE). It seeks to connect established players in the technology industry with fund managers and promising new ventures. LG and Wolves Summit have been working as partners on the LG Future Home Global Innovation Challenge.
The challenge, which is expected to draw attention from all over the globe, asks entrants to submit their best ideas for innovations that will improve quality of life and user experiences at home. Winners will work with LG Future Home, the company’s new venture client unit, and will be given resources and funding to help them further develop their concepts and take their businesses to the next stage. The newly launched initiative will also provide an excellent opportunity for firms nearing commercialization to attract further investment. Furthermore, the top 10 finalists will be invited to speak at Wolves Summit’s flagship annual conference, which will be held in Wroclaw, Poland, from 24 to 27 May.
Submissions for LG Future Home Global Innovation Challenge should focus on solutions relating to one of four following categories: ‘New Features, Accessories or Services for LG Upgradeable Appliances,’ ‘Home Appliances Reflecting New Lifestyle Trends,’ ‘New Innovations in Home Appliance Materials, Components and Control’ and ‘Future Transformation of Home Appliances.’
“We are excited to launch LG Future Home Global Innovation Challenge in partnership with Wolves Summit and look forward to working closely with the winners to create intelligent, convenient solutions for the future home,” said Oh Sai-kee, executive vice president and head of LG Electronics Home Appliance & Air Solution Company’s R&D center. “We will continue to foster open innovation and seek out like-minded partners to deliver compelling customer experiences and a better life for all.”
Submissions for the Future Home Global Innovation Challenge will be accepted from April 8 to May 9. To submit an entry or learn more about the challenge, visit challenges.wolvessummit.com/lg.