LG Nova announced the launch of its Partner Alliance Program, a new initiative to foster innovation through cross-sector collaboration between industries, co-create ventures and help startups scale.
Led by LG NOVA, the LG Electronics North American innovation center, the program will focus on bringing together organizations that will work with LG NOVA and its startup ecosystem to explore new concepts, validate and test those concepts, collaborate on product delivery and potentially co-create new businesses.
The company will leverage resources across LG Electronics’ business divisions and startups, as well as resources available through the Mission for the Future Initiative, another program within LG that collaborates with companies on technology innovation.
This alliance starts with partners who are already leading the way. IBM, Niantic, Mayo Clinic Innovation Exchange, Fujitsu Research of America, Hyundai CRADLE, and West Virginia Department of Economic Development.
The company said it expects to add new partners to the alliance program in the coming months.
“This program is a win-win for all parties, including LG, as we continue to explore new ideas for business co-creation. The growth of new ideas and cross-industry collaboration will help the market move faster towards a better future that benefits us all, businesses, people and the planet,” Kevin Chung, head of corporate and business development at LG NOVA, said in a statement.
Larger trends
In May, LG Electronics has announced the launch of Primefocus Health, a new venture to develop a healthcare delivery platform for providers that leverages technology and therapies to help remotely monitor patients and give patients access to new therapies through technology applications.
Primefocus Health also enables healthcare providers to collect patient data, communicate with them, track progress and intervene when necessary. The service also integrates with providers’ electronic health record systems and uses AI and machine learning capabilities.
Last month, Prime Focus Health Announced a partnership with Marshall Health Network, a West Virginia-based academic health system, to provide customized health service solutions to address local health care issues including rural access to care, obesity, healthy aging and substance abuse.
The two companies will work together using technology and remote monitoring services to monitor the progress of patients with various medical conditions and provide medical treatment in patients’ homes.
The partnership between Primefocus Health and Marshall Health Network is expected to begin this month.
