{"id":90934,"date":"1999-12-31T00:10:00","date_gmt":"1999-12-30T13:10:00","guid":{"rendered":"http:\/\/smartoffice.com.au\/lg-spins-off-two-projects-into-start-ups\/"},"modified":"1999-12-31T00:10:00","modified_gmt":"1999-12-30T13:10:00","slug":"lg-spins-off-two-projects-into-start-ups","status":"publish","type":"post","link":"https:\/\/staging.strixdevelopment.net\/smartoffice\/1999\/12\/31\/lg-spins-off-two-projects-into-start-ups\/","title":{"rendered":"LG Spins Off Two Projects Into Start-ups"},"content":{"rendered":"<p>LG is spinning off two initiatives originally developed in-house, Acanvas and Infit &#038; Company, with the companies to be managed completely by former LG employees, along with being responsible for their own fundraising and strategy.<font face=\"Verdana\" size=\"2\">LG additionally states that it is looking to &#8220;expand its initiatives to encourage more of the type of thinking&#8221; that led to the establishment of the two companies.<\/p>\n<p>Acanvas will focus on the development of its art streaming platform, having last week started a Kickstarter campaign, with the platform containing &#8220;millions of licensed works of art displayed in cord-free customisable digital frames&#8221;.<\/p>\n<p>LG states that Acanvas will initially target North America, with plans to next year expand to other markets.<\/p>\n<p>Infit, meanwhile, has developed the Imaging Modular Diagnosis Machine, employing &#8220;the latest technologies to diagnose conditions such as rheumatoid arthritis&#8221;, using &#8220;an affordable and safer optical imaging system instead of radiation to peer inside patients&#8221;.<\/p>\n<p>In supporting the ventures, LG has promised employees joining either of the two new companies that they will have guaranteed positions at LG if they decide to return within three years.<\/p>\n<p>&#8220;By giving these two start-ups their own identity and freedom from the bureaucracies of a large organisation, we are sending a very clear message to innovator and the public that we are not interested in maintaining the status quo,&#8221; Dr Skott Ahn, LG Electronics president and CTO, commented.<\/font><\/p>\n","protected":false},"excerpt":{"rendered":"<p>LG is spinning off two initiatives originally developed in-house, Acanvas and Infit &#038; Company, with the companies to be managed completely by former LG employees, along with being responsible for their own fundraising and strategy.<\/p>\n","protected":false},"author":64,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[28,55],"tags":[],"class_list":["post-90934","post","type-post","status-publish","format-gallery","hentry","category-archive","category-business","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - 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