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| Seen is the official homepage of LG Chem's Global Innovation Contest that invites scholars and researchers from around the world to propose their ideas for innovative technologies. / Courtesy of LG Chem |
By Jun Ji-hye
Scholars and researchers throughout the world have started to submit their ideas for innovative technologies for LG Chem's global technology contest which opened on Tuesday.
The second Global Innovation Contest (GIC) hosted by the company will accept technology proposals in four areas ― petroleum chemistry, battery, high-tech material and biotechnology ― through the official homepage www.rnd.lgchem.com/global/gic until Sept. 30.
LG Group's chemical arm said the contest is designed to explore innovative technologies from around the world.
The company will set up a selection committee to evaluate the feasibility and marketability of the proposed technologies.
The selected proposals will be announced in December, and the firm will offer up to $150,000 for research and development.
The company will also dispatch its researchers to offer a technology exchange opportunity to selected applicants.
LG Chem hosted the first GIC last year, through which it selected 17 projects related to next-generation batteries and energy-based technologies. The company has offered research costs and technology exchanges for those projects.
"The Global Innovation Contest is meaningful in that industry and academia join hands to commercialize innovative technologies that are in the research and development stage," LG Chem CTO Ro Ki-su said. "We will continue to cooperate with external parties to preemptively secure promising technologies for the future."
