LG Hosts 'Superstart Day 2023' to Support and Discover Startups

Accompanying Startups: 6th Edition This Year
20,000 Participants from 26 Countries

LG held the open innovation event "Superstart Day 2023" for two days starting on the 7th at LG Science Park in Magok, Seoul. Superstart Day is an annual event hosted by LG since 2018 at LG Science Park in Magok to discover and support promising startups. This year marked the 6th edition.

Park Il-pyeong, CEO of LG Science Park, is delivering the opening remarks at the 'SPARK' event held on the 7th at LG Science Park in Magok, Seoul.

Superstart Day 2023 featured 40 startups participating from sectors including artificial intelligence (A), bio (B), cleantech (C), which LG is nurturing as future businesses, as well as startups from the materials, parts, and equipment (SoBuJang) and lifestyle fields. Promising startups that overcame a 40-to-1 competition ratio participated, such as "Zcrypto," which possesses blockchain system technology that can fundamentally block fraudulent voting; "Vasgen Bio," which developed a new drug development platform based on genomic data; and "Netspa," which has technology to extract high-purity recycled raw materials from discarded fishing nets.

This year, nine startups directly discovered and nurtured by LG shared their collaboration achievements with LG over the past year. Key examples include "Ujura Company," developing solutions to predict diseases in companion dogs and cats based on animal behavior data; "WeMeet Mobility," providing AI solutions related to optimal logistics dispatch and routing; and "Mesa Planet," which has technology to analyze satellite imagery. Additionally, speakers included An Ikjin, CEO of "Moloco," a machine learning-based advertising solution startup and the first Korean unicorn startup in Silicon Valley preparing for a Nasdaq listing next year; Kim Dongsoo, CEO of LG Technology Ventures, LG’s corporate venture capital located in Silicon Valley; and Richard Kim, managing partner of "Galaxy Interactive," a US blockchain and gaming-focused investment firm, who shared know-how on global expansion and investment trends for startups.

Meanwhile, the group-level open innovation platform "Superstart," launched as part of efforts to discover and support startups and prepare for the future, not only holds Superstart Day annually but also strengthens practical support such as providing dedicated workspaces, operating employee advisory groups in legal, marketing, purchasing, and finance, and supporting everything from idea development to business verification (PoC) in collaboration with LG. So far, Superstart Day has attracted over 260 startups from 26 countries, with nearly 20,000 participants.

On the 7th, participants of 'Super Start Day 2023' held at LG Science Park in Magok, Seoul, are experiencing the Web XR content created by the startup 'Quantum Universe'.

Park Ilpyeong, President of LG Science Park, said, “LG Science Park will accelerate future preparation by continuously discovering startups that research and develop innovative technologies with new ideas and actively seeking ways to collaborate with them.”

Meanwhile, starting with Superstart Day, LG will consecutively hold the LG R&D achievement sharing event "Developer Conference" (September 14-15) and "Culture Week" (September 20-22), where LG employees, their families, local residents, and industry-academia talents can interact and communicate, all at LG Science Park in Magok throughout September.

The Developer Conference, themed "The Power of Convergence," consists of presentation sessions in six fields: artificial intelligence and big data, mobility and automobiles, platform and architecture, software technology and development culture, cloud, and emerging technologies. James Gosling, the creator of the Java programming language, will deliver the keynote speech. Following this, Culture Week will feature various programs such as lectures and street performances for LG employees and local residents to enjoy, as well as a flea market involving local small business owners. Additionally, in collaboration with the LG Arts Center, experiential programs such as circus art activities and world theater architecture have been added.

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