The Battery Challenge

Thank you for applying. We have received 129 applications from 27 countries. Finalists will be announced in January 2019.

CHALLENGE OVERVIEW.

The Battery Challenge by LG Chem is a startup innovation competition designed to accelerate the adoption of new battery technologies and business models around the world. Having access to safe, clean and independent energy is becoming universal.

Transformative battery solutions in transportation, electricity grid, home storage and new applications will be the key to unlocking the next wave of the clean energy transition.

The Battery Challenge is here to help startups make that happen.

WHAT’S IN
IT FOR MY STARTUP?

Winners of The Battery Challenge have the chance to partner with the leading global battery manufacturer and more.

$100,000

Cash Prizes*

1st Place: $40,000 (1)
2nd Place: $30,000 (1)
3rd Place: $10,000 (3)

Demo Day

Sponsored trip to Silicon Valley to participate in a workshop and demo day with LG Chem researchers and innovation team

Week in Korea

Selected finalists (up to 8) will be sponsored to visit LG Chem’s headquarters and research park in South Korea

$1,900,000

Up to $1.9m available in investment vehicles for the selected finalists of the program with the potential for follow-on funding from LG Chem and LG Technology Ventures

Disruptive innovations are required in new battery technologies, and I believe that it would be started with game-changing ideas of startups. We understand customer’s needs and technological bottlenecks in the battery industry better than anyone. If your startup wants to bring your products to the global market, we could be your best partner. We can help you to scale-up your technology and introduce you to our global customers. I hope this program can be a great opportunity for both of us to start a partnership. ”

Dr. Youngduk Kim, Vice President of Technology Strategy, LG Chem

WHO SHOULD APPLY?

Startups or project teams with an innovative battery solution or concept that addresses one or more of the following categories:

  • Materials
  • Management and Control
  • Design, Manufacturing and Processing
  • Recycle and Regeneration