Equity investment, technological support, and acceleration support
“Expecting early adoption of excellent technology by cooperating with selected startups”, ‘[E Daily Reporter Yoo Kyung Lim] LG Uplus (032640) announced on the 16th that it will officially launch a startup support program called ‘Shift’ to discover and nurture AI-related startups.’,
,
, ‘Shift is a program by LG Uplus aimed at enhancing AI technology through discovering and supporting high-potential university research teams and related startups to successfully enter the market. Selected startups will be offered opportunities such as △equity investment through a dedicated fund △technological support △business acceleration programs, to help them establish a market presence.’,
,
,
|
, ‘The recruitment field is ‘innovative future technologies including AI,’ and the program support period runs until the 28th of next month. Startups and university research teams with technical personnel holding a master’s or Ph.D. degree at the seed to Series A stages are eligible to apply.’,
,
, ‘The program will be operated by BluePoint Partners, a specialized early-stage technology startup investor, and professional fund management companies such as △Shinhan Venture Investment △Kakao Ventures △Stic Ventures will participate in the evaluation and assessment of the supported startups. Prior to this, AI-specialized university institutions including △KAIST Youth Startup Investment Holdings △Seoul National University Technology Holdings △Korea University Technology Holdings △POSTECH Holdings will cooperate in discovering promising research team startups for Shift.’,
,
, ‘LG Uplus aims to secure a differentiated competitive edge in the rapidly growing AI market by early adoption of excellent future technologies through business cooperation with selected startups.’,
,
, ‘In particular, LG Uplus provides its proprietary AI technology, ixi API (Application Programming Interface), developed in-house. It also offers opportunities and support for conducting business validation (PoC). This helps startups in applying the future technologies they develop to real businesses.’,
,
, ‘Kim Ji-hoon, Chief Strategy Officer (CSO, Executive) at LG Uplus, stated, “We will actively support the commercialization of potential future technologies discovered through Shift” and “We will continue to expand various collaborations necessary for the growth of the domestic AI industry as well as work hard to discover new growth drivers for LG Uplus.”‘,
,
,