LG NOVA Announces Winners of 2024 Startup Pitch Competition, Highlighting AI and HealthTech Innovations

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On Wed, 30 Oct, 12:10 AM UTC

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LG NOVA, LG Electronics' North America Innovation Center, revealed the winners of its 2024 Startup Pitch Competition, featuring innovative startups in AI, HealthTech, and other cutting-edge technologies.

LG NOVA's 2024 Startup Pitch Competition Showcases Cutting-Edge Technologies

LG NOVA, the North America Innovation Center of LG Electronics, has announced the winners of its 2024 Startup Pitch Competition, co-sponsored by LG Chem. The event, held during LG NOVA's annual InnoFest in San Francisco, highlighted innovative startups in fields such as Life Sciences, HealthTech, AI, and CleanTech [1].

Competition Winners and Their Innovations

The competition featured ten startups vying for cash prizes and recognition. The top three winners were:

  1. First Place ($15,000): mDETECT Inc. - Developed highly-sensitive cancer blood tests using DNA sequencing for monitoring therapy response and detecting cancer progression [1].

  2. Second Place ($10,000): Glidance - Created an AI-powered intelligent guide called Glide, enhancing mobility for people who are blind or have low vision [1].

  3. Innovation for Impact ($10,000): Oncoustics - Transformed low-cost point-of-care ultrasound devices into powerful diagnostic tools for early detection and monitoring of liver diseases using AI [1].

LG NOVA's Mission for the Future Program

In addition to cash prizes, participants will have the opportunity to explore further collaboration through LG NOVA's Mission for the Future Program. This initiative aims to support innovative startups through potential collaborations, partnership programs, marketing opportunities, and other resources [2].

Emphasis on Collaboration and Innovation

Dr. Sokwoo Rhee, corporate executive vice president for innovation at LG Electronics and head of LG NOVA, emphasized the importance of recognizing startups that are pushing boundaries and developing technologies with the potential to impact people's lives. He stated, "Together, we can shape a brighter tomorrow by driving meaningful change through collaboration" [1].

LG NOVA InnoFest 2024

The fourth annual LG NOVA InnoFest, where the pitch competition took place, brought together industry leaders, investors, and startups to explore emerging technologies. With the theme "Lighting the Halo for Innovation," the event emphasized co-creation in driving meaningful progress [2].

Key highlights of the festival included:

  • Over 70 speakers covering diverse topics
  • Discussions on building successful ventures
  • Exploration of the future of AI
  • Presentations on innovative digital care models and energy management

About LG NOVA and LG Electronics USA

LG NOVA, based in Santa Clara, California, is focused on bringing external innovation to LG. Its mission is to fuel innovation for LG and its partners by creating a community to nurture and grow businesses [1].

LG Electronics USA, headquartered in Englewood Cliffs, New Jersey, is the North American subsidiary of LG Electronics, Inc. The company offers a wide range of innovative products in the United States, including home appliances, entertainment products, and energy solutions [2].

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