LG Chem hosts $1.9-million battery innovation competitors

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LG Chem Lithium Ion Cells

LG Chem has introduced its $1.9-million startup contest, “The Battery Problem“. The competitors is meant as a springboard for brand spanking new ideas and partnerships in 4 classes: Battery Materials, Battery Administration and Management, Design, Manufacturing and Processing and Recycle and Regeneration. Purposes are being accepted till November 2nd.

Groups should submit enterprise plans and pitches for thorough scrutiny and screening. Eight finalists shall be chosen for Demo Day in Silicon Valley in February 2019. Every will obtain $1.9-million in funding and enter a partnership with LG Chem to additional their tasks. The problem is a component of a bigger firm pattern to quickly advance many battery applied sciences, together with low-cobalt batteries, lamination and stacking, and compact cell power storage.

 

Supply: LG Chem


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