LG Electronics Collaborates with 6 Companies Including Smart Glass Startup for B2B Partnership

Content Editing and Video Psychological Analysis
Discovering Startup Businesses in the B2B Sector

At LG Science Park in Magok, Seoul, Jang Ik-hwan, Vice President and Head of LG Electronics BS (Business Solutions) Division, is observing a technology demonstration by a startup selected for the B2B (business-to-business) promising startup discovery and nurturing program. (Photo by LG Electronics)

[Asia Economy Reporter Moon Chaeseok] LG Electronics announced on the 3rd that it is actively participating in discovering new growth engines in the business-to-business (B2B) sector.

On the previous day, LG Electronics, together with the Korea International Trade Association, announced the commercialization verification results of 'Biznovator 2022,' a program that selects and supports startups specializing in B2B business technologies, held at Magok Science Park in Seoul.

After an open call in April and two rounds of evaluation, six partner companies were finally selected: iSynapse, AgosVision, InVize, Watt, MindEye, and BioSenseTech. These companies develop content editing solutions, industrial smart glasses, and more.

LG Electronics nurtures promising startups by providing expertise in the relevant fields, new business development specialists, and its technology and know-how. Additionally, it plans to enhance customer experience in B2B business areas such as ▲ID (signage, commercial TVs, etc.), ▲IT (monitors, laptops, etc.), and ▲robots by conducting commercialization verification (PoC) and joint research with these startups.

Jang Ikhwan, Vice President and Head of LG Electronics' BS (Business Solutions) Division, said, “We will proactively respond to the rapidly changing B2B customers and market by collaborating with startups that have innovative ideas and technologies.”

This content was produced with the assistance of AI translation services.