From left to right: David Kim (Corporate Partnerships Manager, Plug and Play), Saeed Amidi (Founder & CEO, Plug and Play), Yoon Suh (EVP, LG), Jackie Hernandez (SVP Global Partnerships, Plug and Play), Sungkwong Kang (Senior Manager, LG TCA). Photo: Plug and Play
LG Electronics has joined forces with Plug and Play, a global innovation platform for startups and corporations. They will work to nurture a positive impact on global communities by leveraging LG’s commitment to innovation with promising startups.
LG’s partnership will bring innovative ideas to Plug and Play’s Internet of Things (IoT) vertical. Plug and Play will work with LG to identify and address trends in the industry. With renowned startups and a committed innovation team, this partnership holds great potential to bring fresh new ideas to market.
“We are very proud to work with one of the most important industrial groups in the world, joining forces with LGTCA and LG Ventures in Silicon Valley. Their leadership in several industrial fields will bring valuable insight to our ecosystem,” said Saeed Amidi, Founder and CEO of Plug and Play.
“Our goal is to help them find the best and brightest startups from around the world so they can expedite the testing and development of emerging technologies that can help LG grow their business.”
Yoon Won Suh, Head of the LG Technology Center of America (LGTCA), said, “As a major global company, we are always looking for innovative ideas and we look forward to collaborating with Plug and Play to expand the opportunity to engage with startups for mutual benefit.”
According to Plug and Play, this partnership will also serve as a keystone for future strategic initiatives with LG to create value and growth opportunities.
Headquartered in Silicon Valley, Plug and Play says it has built accelerator programs, corporate innovation services, and an in-house VC to spur technological advancement.