LG Chem has announced a Battery Challenge - a startup innovation competition designed to accelerate the adoption of new battery technologies, business models and ideas around the world. While not focused solely on graphene battery technologies, this competition could be a wonderful opportunity for companies to showcase and promote their graphene-based battery products and ideas.
LG Chem is offering up to $2 million in cash prizes and investment opportunities with a demo day in Silicon Valley and a sponsored week-long trip to South Korea to visit their HQ and facilities. LG Chem is interested in partnering with startups/teams working on new materials, management and control, innovative cell design, manufacturing processes and more.
The program is an opportunity for battery startups to partner with a leading global battery company to gain access to manufacturing resources, testing facilities and expedited product market fit and implementation.