…Multinational Tech Company’s USD 1 Million Innovation Challenge invites innovative minds worldwide to step forward with ideas for people and the planet
LG Electronics (LG) announces that its first LIFE’S GOOD AWARD is now under way. The entry period is open from Sept. 6 through Oct. 10. Announced at CES® 2022, the LIFE’S GOOD AWARD seeks to uncover innovative solutions aligned with LG’s goal of creating a Better Life for All. A total of USD 1 million will be granted to help accelerate the development of the winning submissions.
Envisioning a sustainable world where Life’s Good for the planet and all its inhabitants, LG continues to pursue eco-minded solutions and ideas for a greener environment and develop user-centric products and services that provide access to convenient, valuable, and novel experiences for everyone.
The LIFE’S GOOD AWARD marks a significant step in LG’s sustainability journey, helping to spread the company’s Life’s Good message around the world. In addition to carrying out its own sustainable practices, the company is now inviting like-minded individuals and groups to step forward with their unique ideas to help build a Better Life for All.
The LIFE’S GOOD AWARD asks entrants to submit their original and marketable solutions relating to Innovation for the Planet, which targets solutions for environmental health, or Innovation for People, which centers on ideas that can enrich daily life through prioritizing safety, usability, and accessibility. True to its philosophy of open collaboration, LG looks forward to working closely with budding innovators. Submissions can be made at the LIFE’S GOOD AWARD website, where applicants can also find full details and conditions for entry.
“The LIFE’S GOOD AWARD encapsulates our philosophy of innovation, and our belief that the road to a better future can only be paved if we all come together,” said William Cho, CEO of LG Electronics. “We look forward to seeing people’s innovative ideas for a better society and a healthier environment, and to provide our support and encouragement in their realization.”
LG is bringing together respected academics from a diverse range of environmental and social industries to support its own executives on the award’s judging panel, which has been dubbed the Life’s Good Committee. Judging panel members include Alex Edmans, a professor at London Business School who won the Financial Times Best Business Books of 2020 and the Financial Times award for Excellence in Sustainable Finance Education, Christopher Marquis, a professor at Cambridge Judge Business School and the 2021 Axiom Business Book Awards gold medalist in the Business Ethics Category, and Hyun S. Shin, a professor at the Hanyang Business School, and a director of Collective Impact Center at Hanyang University.
“Application of knowledge for the alleviation of real-world problems is what every scholar aims for,” said Marquis. “LG has given us a powerful platform to do that. The LIFE’S GOOD AWARD leverages LG’s resources to gather round budding innovators, entrepreneurs, academics, and business professionals and is a compelling example of how a company can make a genuine impact to better lives.”
LG has joined hands with B Lab Korea, a non-profit with expertise in measuring and certifying the social impact of businesses to ensure that all entries submitted for the LIFE’S GOOD AWARD are evaluated using relevant impact metrics.
The entries will be thoroughly evaluated in the first screening, and those with the highest marks will go through a second screening carried out by a judging panel composed of selected LG executives and renowned scholars presiding in leading academic institutions. The three finalists will be announced at CES® 2023, and will present to the judging panel in a final pitch session in January. The first-place winner (Grand Prix) will be awarded USD 700,000 in prize money, and the second (Silver) and third place (Bronze) will receive USD 200,000 and USD 100,000, respectively.
Innovators worldwide can refer to the LIFE’S GOOD AWARD website for more details. To keep up with the latest news and developments from LG’s inaugural innovation challenge, stay tuned to LG Newsroom. LG LIFE’S GOOD AWARD (lifeisgoodaward.com).
Glo to expand fibre connectivity by 5,000km
Leading telecommunications provider, Globacom Nigeria has revealed plans to expand its fibre connectivity in the country by 5,000km.
The company made this known at a press conference to commemorate its 20th anniversary in Lagos.
Speaking on the future plans of the telecommunications giant that has now evolved into a digital solutions provider, the Chief Technology officer, Remi Makinde said the company has commenced the upgrade of its LTE sites with additional spectrum resources nationwide geared towards ensuring it always provide premium voice and high-speed data user experience.
Speaking further he said, “Our national optic fiber and IP/MPLS backhone and metro network is also currently being expanded with additional 5,000Km from current span of 14,000Km.
“Further Capacity Expansion of our Glo 1 submarine optical fiber infrastructure from Lagos-London is ongoing to accommodate our massive data growth for our direct interconnectivity with the likes of Google, YouTube and Facebook and other ISPs and corporate bodies across all sectors of the economy.”
Promising on delivering increased customer satisfaction and efficiency, Remi also stated that Glo will further expand its footprints nationwide with additional 2,000 sites per year.
He explained that the focus of its infrastructure expansion in 2024 will be more visible in the metro areas due to increased pressure on the bandwidth.
He however noted that the company remains committed to the National broadband plan and will still continue to invest heavily in infrastructure reaching the unreached areas in the country also.
Also, speaking, Head of Enterprise Marketing of Glo, Tega Agofure restated the commitment of the brand to supporting SMEs.
According to him, Glo provides outsourcing services for customer care support for organisations, tailor made data bundles and lots of exciting offers for its consumers.
MDAs must leverage blockchain to promote transparency, curb corruption — NITDA DG
The Director General, National Information Technology Development Agency (NITDA) Kashifu Inuwa has harped on the importance of the adoption of Blockchain technology amongst government agencies and departments to promote transparency and curb corruption.
The NITDA DG made this known at a seminar organised for Course 32 by the National Defence College, (NDC.) The Participants were drawn from officers in the rank of Colonel and their equivalents from the Nigerian Armed Forces, senior officers from the Nigerian Police Force and public servants from strategic Ministries, Departments and Agencies in Nigeria.
The title of the lecture delivered by the Director General was “Blockchain Technology for Improved Transparency in Governance: Blockchain-Based Public Procurement in Perspective.”
While listing bribery, bid rigging, extortion, coercion and fraudulent bid submissions as major challenges to the traditional procurement process, the DG noted that the administration of President Bola Ahmed Tinubu, through the Ministry of Communications, Innovation and Digital Economy is committed to leveraging the use of Blockchain technology in addressing these challenges.
He stated that Blockchain technology enables a secure, transparent and tamper-proof record, adding that, “It is secure because digital files are cryptographically signed by an issuer and registered on the Blockchain; it is transparent because it is broadcast openly and it is tamper-proof because it is blocked in a distributed manner.”
Highlighting the steps in a Blockchain transaction process, he said that transactions are first initiated on the Blockchain network and then verified using cryptographic technology which has both public and private keys, Inuwa stated that transaction would be added to a block which is a batch of transactions.
He informed the participants that when the block attains a particular specification or size, it is thereafter added to a chain of other blocks through a process called a “consensus,” and distributed to all nodes within the network to achieve a tamper-proof record.
While noting the economic value of Blockchain and its enormous impacts on national development, the NITDA’s boss disclosed that “according to PricewaterCoopers (PwC), Blockchain will add $1.76 trillion to the global economy by 2030 and every country today is trying to position itself on how to benefit from this.”
He added that Nigeria needs to embrace the implementation of Blockchain technology as it can be applied in administrative tracking and tracing; digital identity; smart contracts; supply chains, healthcare systems, electronic voting processes and many more.
“So, looking at these applications, you can easily connect this to public procurement because the essence of public procurement is to ensure that government acquires good services and work in a transparent, efficient and cost-effective manner,” he averred.
Inuwa further asserted that Blockchain technology will play critical roles and improve transparency and openness in the planning, bidding, evaluation, implementation and monitoring stages of a procurement process.
Recognising the importance of this technology, he disclosed that the Federal Executive Council approved the National Blockchain Policy on the 5th of May 2023 and it was launched on the 15th of the same month.
The Director General underscored the government’s efforts at implementing the thematic areas of the policy document which are Talent Development, Innovation and Adoption through various collaborations with relevant institutions and initiatives developed to spur the ecosystem.
He said, “We partnered with Dominion to train Nigerians and we have trained 32,000 Nigerians on Blockchain and how to apply the technology in different areas.”
He disclosed that the Agency has partnered with the National Youth Service Corps on the issuance of discharge certificates to corps members adding that the technology will put an end to certificate forgery and the implementation would be extended to other institutions.
He stated also that the Agency has partnered with the Central Bank of Nigeria in collaboration with the ecosystem in conducting an innovation challenge on the use of Blockchain to accelerate the adoption of the e-Naira.
“These are the things the government is doing to accelerate the use of Blockchain and we are also open to working with you and collaborating with your research fellows to see how we can work together in developing your processes,” he concluded.
Earlier in his welcome address, the Commandant of the NDC, Rear Admiral Olumuyiwa Olotu, appreciated the NITDA boss for gracing the occasion and stated that the participants were gathered to gain insight into how national unity can be fostered to enhance their respective missions, security, and development through the application of science and technology.
While noting that the government has been investing massively in science and technology as well as innovation programmes to enhance the development and security of the nation, the Commandant revealed that the government in conjunction with Oracle has been developing technology to reform the civil service processes and data management.
“With this initiative, the government aims to promote the ease of real business, digital innovation, effective identity management, efficient payroll administration, and qualitative citizen service delivery in Nigeria,” he
Increase your investment in Nigeria’s ICT research to boost local content — NCC EVC to Nokia
The Executive Vice Chairman and Chief Executive Officer (EVC/CEO) of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, has called on Nokia Networks to increase its investments in Research and Development (R&D) to boost the local content of Nigeria’s Information and Communication Technology (ICT) sector.
Maida spoke when a delegation from Nokia Networks of Finland led by the Deputy Minister, Under-Secretary of State for International Trade from the Ministry for Foreign Affairs of Finland, Jarno Syrjala, visited the Commission recently to explore further opportunities for mutually-beneficial relationships.
He told the delegation that the Nigerian government is keenly interested in harnessing Nokia’s capabilities through technology transfer to support Nigerian youths in technical skills.
The Nigerian government is targeting training of three million youths in ICT skills to advance the country’s digital economy.
“We are keen on getting the youths employed, as our Ministry is targeting three million youths for skills acquisition,” the EVC said.
Maida informed the Nokia contingent that the Commission places primacy in R&D as the bedrock of any knowledge economy, and for advancement of innovation.
He, therefore, urged Nokia and other Original Equipment Manufacturers (OEMs), to explore R&D opportunities to deepen local content development in Nigeria.
While congratulating Maida on his appointment by President Bola Tinubu as Nigeria’s chief telecom regulator, Syrjala said the purpose of the visit was to explore areas of collaboration to support Nigeria’s digital economy agenda.
Syrjala recalled Nokia’s continued partnership with communications service providers in Nigeria, as well as cable and other operators to deliver critical networks systems with high performance, reliability, and security.
He noted that Nokia already has an R&D Centre in Nigeria, and would target greater investment in this regard.
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