LG Energy Solution Strengthens Battery Ecosystem for Strategic Collaboration with Startups

Any Startup with Global Innovative Technology
Can Propose "Strategic Collaboration"
Six Fields Including Battery Materials, Cells, and Packs

LG Energy Solution is strengthening its 'open innovation' ecosystem to foster strategic collaboration with domestic and international startups.

Panoramic view of LG Energy Solution's plant in Wroclaw, Poland. Provided by LG Energy Solution

On May 12, LG Energy Solution announced the launch of the 'OSS (Open Submission for Start-up)' program, aimed at enhancing technological cooperation with promising startups worldwide and leading innovation in the future battery industry.

OSS is a platform that allows promising startups with innovative battery-related technologies from around the world to propose 'strategic collaborations' with LG Energy Solution at any time. Through this program, startups can submit technology proposals, and after thorough review and technical evaluation, LG Energy Solution offers opportunities for long-term partnerships, such as joint research and development or equity investment.

The program is conducted in two categories: Need-Based and Open Topic. Any entity with core battery-related technologies can participate. Starting from the second half of this year, publicly listed companies, not just startups, will also be eligible to apply.

The Need-Based category accepts applications in six areas: materials, cells, cell processes, packs, battery management systems (BMS), and systems, and will be open until June 30. The Open Topic category accepts innovative ideas for technological collaboration in any area without restrictions and will be available year-round with no deadline.

Kim Jea-young, Chief Technology Officer (CTO) and Executive Vice President of LG Energy Solution, stated, "Open innovation is a key strategy for realizing innovative technologies and ideas," adding, "We will continue to lead the future of the battery industry through collaboration with a wide range of external partners."

In addition to OSS, LG Energy Solution is accelerating efforts to secure future technologies in the battery industry through various open innovation activities. The company operates a Battery Innovation Contest (BIC) for universities and research institutes in Korea and abroad, providing research funding and promoting joint technology development.

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