At LG we make products and services that make lives better, easier and happier through increased functionality and fun. Put simply, we offer the latest innovations to make “Life Good” – from home appliances, consumer electronics, vehicle components and mobile communications to business innovations in digital signage, air conditioning, solar and LED lighting. As a global leader, we strive for greatness in product leadership, market leadership and people leadership to realize our growth strategies.
Talk about a mantra. Life’s Good with LG!
Position Summary
Responsible for leading LGE’s Open Innovation, partnership and venture investment activities as part of the Technology Partnerships and Investment (TPI) team. Source, develop, manage, and execute upon a pipeline of opportunities with team members in US and in Korea by evaluating collaborative R&D, joint prototyping projects, partnership agreements and/or investment potential. Lead LGE’s internal efforts in identifying, evaluating and strategically promoting new technologies that align and advance LGE business units’ strategic direction. Facilitate and manage multi-team collaboration between LGE CTO R&D and BU teams and external partners in North America. Collaborations can take the form of co-working, co-development, licensing, investment or M&A and will require ongoing comprehensive knowledge of LGE’s future plans and strategies.
Investments / M&A
- Identify and source investment/M&A candidates around well-formulated investment theses.
- Play a key role in presenting, due diligence and preparation of materials for potential investment / M&A if an opportunity is identified
- Support in the execution and management of investments
- Promote and increase awareness of LG Electronics OI and investment activities within the startup ecosystem.
Technology Search and Partnerships
- Introduce and shepherd important technologies within LG Electronics’ CTO organization and LGE Business Units using established Open Innovation processes.
- Generate the formulation of a collaboration thesis for each project/program
- Lead multi-team technical & business evaluations to determine potential implications for technologies.
- Build relationships with VCs, industry groups / associations, educational institutes and research establishments.
- Plan and coordinate technology search & partnering events (Tech Fairs) involving LG Electronics executives
- Research new disruptive technologies in North America in alignment to LG Electronics’ strategic directions
- Identify important trends for reports on technology, consumer and industry intelligence to LG stakeholders.
Corporate Development
- Identify, present and manage new opportunities that can result in increased sales through OI, strategic partnerships, M&A and/or new business models
- Work closely with LGE’s teams in US, Korea to define new business directions, propose new opportunities for growth
Education
- Bachelor’s degree required, preferably technical in nature.
- Technical masters degree or MBA preferred
- Minimum 12 years prior working experience, 8 of which should be in technology sector
- 3-5 years prior venture investment experience required with established venture capital ecosystem relationships
- Entrepreneurial or investment banking experience a plus.
If interested, please apply here.
