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LG Uplus launches IoT startup incubator project

Monday 16 November 2015 | 14:09 CET | News
South Korean mobile operator LG Uplus will support local startups specialized in IoT technologies. LG Uplus is inviting IoT startups that are seven years or younger to apply for the project, Yonhap news agency reports. The company will invest KRW 65 million (approximately USD 55,000) in 6 IoT startups selected from the creative center in Ochang, in North Chungcheong Province. Selected firms will also be able to commercialize their projects, and run business with LG Uplus, The Korea Times reports, citing Kwon Jun-hyuk, head of the company's industrial IoT business division. "LG Uplus aims to

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Categories: Mobile & Wireless
Countries: Korea, Republic of
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