Entrepreneur-in-Residence, Digital Health (LG NOVA)

HIGHLIGHTSHybridTemporary EmployeeHealthcare Vertical Team LOCATIONSanta Clara CA Step into the innovative world of LG Electronics. As a global leader in technology LG Electronics is dedicated to creating innovative solutions for a better life. Our brand promise Lifes Good embodies our commitment to ensuring a happier life for all. We have a rich history spanning over six decades and a global presence in over 290 locations.Our diverse portfolio includes Home Appliance Solutions Media Entertainment Solutions Vehicle Solutions and Eco Solutions. Our management philosophy Jeong-do Management embodies our commitment to high ethical standards and transparent operations. Grounded in the principles of Customer-Value Creation and People-Oriented Management these values shape our corporate culture fostering creativity diversity and integrity. At LG we believe in the power of collective wisdom through an inclusive work environment.Join us and become a part of a company that is shaping the future of technology.At LG we strive to make Life Good for Everyone.LG Electronics North America Innovation Center LG NOVA"LG Electronics established North America Innovation Center LG NOVA" in Santa Clara California USA. in the heart of Silicon Valley with an ambitious vision to become the nerve center of global innovation. Aiming to create the future of LG with the focus on disruptive and exponential growth LG NOVA works with global corporations startups governments and technology stakeholders to create new businesses establish strategic partnerships and develop a broad ecosystem using the process of outside-in" innovation.Position SummaryEntrepreneur-In-ResidenceWe are currently seeking a Healthcare Entrepreneur-in-Residence to join LG NOVAs office in Santa Clara CA. This is a contract position.The Healthcare Entrepreneur-in-Residence will play a critical role in unlocking the next chapter of transformational growth for this over 70 billion-dollar global tech company. The goal of the innovation division is to identify and grow new healthcare businesses for the next chapter of LG in collaboration with other startups and partners.The EIR will be an integral part of our innovation team focusing on identifying developing and launching new software-driven healthcare tech ventures in collaboration with startup partners. This role is ideal for a seasoned or aspiring entrepreneur with a strong background in software development engineering product management business development or other similar experience and a passion for Healthtech.The EIR will work closely with our startup partners engineers and leadership team as well as universitiesbusinesses to conceptualize and bring to market innovative software-centric Healthtech solutions.Roles and ResponsibilitiesResponsibilities for this position include but are not limited to• Identify compelling digital health market opportunities and develop product and business concepts into new company spin outs• Collaborate with other start-ups and partners to create more robust solutions designed to better meet the customers need and accelerate time to market and time to scale• Partner with LG NOVAs Ecosystem team to source and evaluate potential start-up partners• Conduct customer discovery and market validation to confirm job to be done and potential demand• Develop robust business plans including product strategy business model and commercial plans.• Pitch to internal review committee and external investor partners to secure new company creation approval and funding• Develop financial projections that demonstrate the potential for the business to grow rapidly and achieve LG NOVAs ambitious goals• Develop networks of advisors and external experts that can assist in the development validation and execution of a new business conceptKey Qualifications• Must have relevant experience in digital health healthtech and wellness markets• 5 years of experience in digital health product development commercialization and strategy• Experience in taking a productcompany from 0-1 in digital health is strongly preferred. Either as a founder or member of a founding team.• Experience working in a healthcare company in a product strategy or incubationinnovation role• BS in CS Engineering Science or Business• Broad understanding of technology around AI SaaS cloud platforms and various business models such as recurring revenue models• Familiarity with venture financing mechanism and valuation models including new blended capital structures involving publicprivate funding and other impact related financial actors.• Experience with business and technical requirements analysis• Experience incubating new businesses at a startup andor at a global tech company• Entrepreneurial mindset with bias for action in highly ambiguous environments - enjoys making sense of white space and exploring nascent opportunities with large potential• Critical thinking intellectual curiosity analyticalproblem-solving skills and the ability to combine and balance qualitative analysis strategy and operations• Excellent written and verbal communication skills and organizational skills• Fluency in English is a mustWhy Join Us• Opportunity to shape and lead new ventures from the ground up supported by LG NOVA resources business technical and financial from idea throughout the venture lifecycle with the dedicated funds we are in the process of creating.• Be at the forefront of healthcare tech innovation working on solutions that have a real impact with a potential to reach 1B valuation.• Collaborate with a talented and passionate team and LG NOVA Ecosystem Partners dedicated to driving change.• Competitive compensationEngagement & Venture PathThis Entrepreneur-in-Residence role is structured as a contract engagement typically for an initial period of approximately 12 months. During this time the EIR will work closely with LG NOVA to validate build and advance a new venture with the goal of developing it toward spinout.Location this can be a hybrid position working out of our office in Santa Clara CA. HYBRIDRecruiting Range170000-270000 USDBenefits Offered Full-Time EmployeesNo-cost employee premiums for you and your eligible dependents for competitive medical dental vision and prescription benefits.Auto enrollment with immediate vesting of competitive company matching contributions in a 401k Retirement Savings Plan with several investmentoptions.Generous Paid Time Off program that includes company holidays and a combined bank of paid sick and vacation time. Performance based Short-Term Incentives varies by role.Access to confidential mental health resources to help you and your loved ones improve your quality of life. Personal fitness goal incentives.Family orientated benefits such as paid parental leave and support for families raising children with learning social behavioral challenges or developmental disabilities.Group Rate Life and Disability Insurance.Benefits Offered TemporaryContractors Eligible for the relevant benefit programs offered through our partner agencies.Privacy Notice to California ApplicantsApplicants who need assistance or a reasonable accommodation during the hiring process may contact our team by phone at 973-477-7090 orsupportlg4me.freshdesk.com. This email and phone number will only reply to accommodation requests and is not intended for general employment inquiries.All qualified applicants will be considered for employment without regard to race color religion sex including pregnancy sexual orientation or gender identity national origin age disability genetic information protected veteran status or any other characteristic protected by applicable federal state or local law.In addition to the above LG believes that pay transparency is a key part of diversity equity and inclusion. Our salary ranges take into account many factors in making compensation decisions including but not limited to skillset experience licensure certifications internal equity and other business needs. While we consider geographic pay differentials in final offers because we operate in many geographies where applicable the salary range listed may not reflect all geographic differentials applied.