LG NOVA partners with West Virginia to invest $700 million in tech startups and other projects

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LG NOVA has shape A strategic Partnership with THE State of West Virginia has invest In technology startups that could to drive economic growth.

West Virginia And LG Electronic, THE parent farm of LG NOVA — LG Electronic' North American Innovation Center — to have announcement A strategic initiative aiming has to favor new business businesses. This collaborative effort for has advance technology developments In renewable energy, health care, And booming industries.

Spearhead by LG NOVA, these Future companies are projected has bring 275 job opportunities has West Virginia. It is not A plot, but he East significant In that THE State doesn't to have a lot technology startups jobs has here, as It is economy East built on coal And other industries.

Beyond job creation, THE initiative East foreseen has serve as A catalyst For innovative technologies, investments, And economic expansion, marking THE creation of A innovation corridor sprawling through THE Appalachia region.

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"He departures as A regional effort, but It is not just regional In West Virginia," said Sokwoo Rhee, executive vice president of innovation has LG Electronic And head of LG NOVA, In A interview with VentureBeat. "I will say It is just THE beginning of THE a lot bigger initiative. THE path We see This, especially THE sectors that We are to focus on digital health And to do the housework technology, which understand renewable energy And SO on, he East extremely important has work with organizations that to have A wider reach. »

Shilpa Prasad And Sokwoo Rhee Speaking has Transform 2023.

Rhee not...