LG NOVA Announces Winners of 2024 Startup Pitch Competition, Spotlighting Innovative Solutions Across Diverse Fields
SANTA CLARA, Calif., Oct. 29, 2024 /PRNewswire/ — LG NOVA, the North American Innovation Center of LG Electronics, has revealed the winners of its highly competitive 2024 Startup Pitch Competition. The event, held during LG NOVA’s annual InnoFest in San Francisco, highlighted a diverse array of groundbreaking technological solutions spanning Life Sciences, Open Innovation, HealthTech, AI, Smart Life, and CleanTech. Three startups emerged victorious, captivating the judges with their potential to drive impactful change.
Ten startups from across the innovation landscape competed for substantial cash prizes and valuable recognition in front of a distinguished panel of industry experts, LG executives, and investors. The 2024 winners are:
First Place: mDETECT Inc.
mDETECT has developed revolutionary cancer blood tests utilizing cutting-edge DNA sequencing technology. Their innovative approach offers a universal platform for monitoring therapy response and detecting cancer progression, potentially revolutionizing early cancer detection and treatment. For their groundbreaking work, mDETECT received a top prize of $15,000.
Second Place: Glidance
Glidance is spearheading a new era of independent mobility for individuals who are blind or visually impaired. Their revolutionary AI-powered intelligent guide, known as Glide, empowers users with enhanced confidence, safety, and autonomy. This groundbreaking technology earned Glidance a $10,000 award.
Innovation for Impact: Oncoustics
Oncoustics is transforming affordable point-of-care ultrasound devices into powerful diagnostic tools for early detection and monitoring of liver diseases. Their innovative approach utilizes AI to unlock the full potential of these devices, making advanced diagnostics more accessible. Oncoustics received a $10,000 award for their outstanding work in the “Innovation for Impact” category, sponsored by LG Chem.
Beyond the cash prizes, the participating startups will have the opportunity to explore further collaboration through LG NOVA’s Mission for the Future Program. This program is designed to support and nurture innovative startups by providing them with access to potential collaborations, partnership programs, marketing opportunities, and other valuable resources.
“We are thrilled to recognize startups that are truly pushing the boundaries of what’s possible, developing technologies that have the potential to make a tangible impact on people’s lives,” said Dr. Sokwoo Rhee, corporate executive vice president for innovation at LG Electronics and head of LG NOVA. “These companies are at the forefront of critical fields like healthcare, cleantech, AI, and life sciences, and we are eager to explore opportunities to collaborate with them as they continue to advance their innovations. Together, we can build a brighter future by driving meaningful change through collaboration.”
The fourth annual LG NOVA InnoFest brought together industry leaders, investors, and startups in a collaborative environment focused on exploring emerging technologies. This year’s theme, “Lighting the Halo for Innovation,” emphasized the crucial role of co-creation in driving meaningful progress. The festival featured over 70 speakers, addressing a wide range of topics, including building successful ventures, the future of AI, innovative digital care models, energy management, and much more.
About LG NOVA
LG NOVA, the North American Innovation Center for global innovation leader LG Electronics, is dedicated to bringing external innovation to LG. Based in Santa Clara, Calif., LG NOVA fosters a community to create, nurture, and grow businesses, ultimately fueling innovation for LG and its partners. Learn more about LG NOVA at www.lgnova.com.
About LG Electronics USA
LG Electronics USA, Inc., headquartered in Englewood Cliffs, N.J., is the North American subsidiary of LG Electronics, Inc., a global leader in technology and manufacturing with over $60 billion in annual revenue. LG Electronics USA offers a wide range of innovative home appliances, home entertainment products, commercial displays, air conditioning systems, energy solutions, and vehicle components. LG is an 11-time ENERGY STAR® Partner of the Year. Visit www.LG.com for more information.
Media Contact:
LG Electronics USA
Linda Quach
+1 408 903 3045
linda.quach@lge.com
SOURCE LG Electronics USA
