Brinc and XDC Network Announce New Web3 Accelerator: LAUNCH

HONG KONG, July 15, 2024 /PRNewswire/ — Brinc, a global leader in venture acceleration and corporate innovation, has announced a new strategic partnership with XDC Network, an enterprise-grade Layer-1 EVM-compatible blockchain. Together, they are running the Launch Program, a 12-week Web3 accelerator designed to onboard the next wave of quality builders and projects onto the XDC Network.

The XDC Network is renowned for its speed (<2 sec finality time), affordability (Gas fees near 0), scalability (2000+ TPS), and its enterprise-grade security, making it an optimal platform for launching projects and deploying tokens. The program is exclusively open for Web3 projects who are integrated to XDC and aim to launch a token on the XDC Network by the end of this year.

Shortlisted projects in the Brinc & XDC Launch Program will benefit from this robust blockchain infrastructure, receiving up to US$100,000 in XDC tokens to facilitate their product and token launch.

Upon successful integration into the XDC Network, participants will qualify for support for Investor Days or Demo Days, technical support from the XDC ecosystem, connections with major crypto exchanges for token listing, CoinMarketCap express listing support, and funding support from XDC Network’s venture arm, subject to investment from other co-investors.

The program focuses significantly on making teams investor-ready, ensuring founders are confident in their product positioning and equipped to pitch effectively to investors during the course of the program, and eventually, the demo day. Participants will benefit from curated introductions to Brinc and XDC’s extensive investor network, aimed at converting pitches into investments. Additionally, Brinc will assist with essential documentation, including refining pitch decks, token structuring cap tables, organizing data rooms, introduction to potential investors and organizing demo days upon completion of the program.

This program is an exclusive avenue for teams to access the combined resources and technical support from XDC, alongside Brinc’s advisory support, mentorship, curated workshops, and extensive network of investors and strategic partners. This comprehensive support positions the program as the go-to solution for teams looking to accelerate growth, secure fundraising, and successfully launch a token on the XDC Network.

Since its inception in 2021, Brinc has run four web3 vertical-agnostic accelerator programs. This experience allows Brinc to understand the diverse needs and complexities across different market segments, from DeFi to Gaming. With a curated set of mentors and experts, Brinc addresses the varied needs of founders, ensuring they have the resources to fundraise and scale effectively.

The Brinc x XDC Launch Program features an esteemed network of industry leaders as mentors, bringing a wealth of experience and expertise, providing invaluable guidance and support to participating startups. The program is further bolstered by a network of ecosystem partners, such as Arcanum Ventures, Be(in) Crypto, ChainGPT Pad, CoinTelegraph Accelerator, DMCC, Esquare Legal, Financial Data Science, Kairon Labs, Magic Square, Mamoru, Netfork, Protocol Labs, The Sandbox, Zilliqa, and Zokyo, offering additional resources and opportunities.

For more information about the Brinc x XDC Launch Program, please visit Brinc’s website or XDC Network.

About Brinc
Brinc is a leader in global venture acceleration and operates 15+ multidisciplinary accelerator programs across seven countries. Brinc accelerates startups focused on climate tech, CDR, food technology, blockchain technology, artificial intelligence, web3, connected hardware, robotics, and the Internet of Things (IoT) with a view to creating a more sustainable, equitable, and inclusive future.  Brinc recently announced plans to raise a series of venture funds to invest in high-potential early-stage companies through accelerators and provide LPs with a dedicated innovation platform and access to Series A+ co-investment opportunities.

Brinc also supports corporations with distributed innovation strategies, sourcing of new startups and technologies, and venture capital as a service. Global corporations (Manulife, Huawei, Schneider Electric, Puma, Batelco, Merck, Omantel, Linrun Group, Zhihui Park), government organizations (Hong Kong Science Park, NEOM, MBRIF, Guangdong Soft-tech Park), tertiary institutions (HK City University, National University of Singapore), fast-growing companies (Animoca Brands, The Sandbox), and leading venture funds (Artesian, LeverVC, Tamkeen, EDB, Hatcher+) have all run programs with Brinc.  Learn more: www.brinc.io

About XDC
The XDC Network, founded in 2017, is a community-driven platform designed for trade finance and payments. It is powered by dedicated developers, early adopters, and passionate advocates. The open-source platform offers a smart contract ecosystem for seamless global trade operations. With community-driven ethics, an optimized platform, and a commitment to global GDP growth, the XDC Network aims for a decentralized and inclusive blockchain future.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Brinc and XDC Network Announce New Web3 Accelerator: LAUNCH

New Facility to Focus on Development of Innovative HVAC Solutions
Tailored to Europe’s Diverse Regional Climates

SEOUL, South Korea, July 15, 2024 /PRNewswire/ — LG Electronics (LG) is establishing a new Air Solution Research and Development (R&D) Lab in Frankfurt, Germany. The state-of-the-art facility will join existing LG Air Solution Labs in Changwon, South Korea; and Atlanta, Georgia, USA, to form a global R&D triangle.

The new 10,000-square-foot lab will focus primarily on developing high-efficiency heating, ventilation and air conditioning (HVAC) solutions for Europe’s varied local climates. Research and testing will be carried out on a wide range of residential and light commercial HVAC systems, including heat pumps, energy monitoring systems and energy management platforms. Through executing an extensive, locally-focused R&D program, the Frankfurt lab will reinforce LG’s ability to provide HVAC solutions tailored for the European market.

Additionally, the new lab will collaborate with the company’s recently launched European Consortium for Advanced Heat Pump Research to develop heat pumps that can reliably deliver top-tier heating performance during Northern Europe’s harsh winters. To strengthen the capabilities of its European HVAC business, LG plans to nurture and actively recruit local talent in fields such as heat pump design and smart home technology.

A major focus for LG, the European HVAC market is expected to see significant growth in the coming years due to the European Union’s (EU) far-reaching energy policies. These include the REPowerEU^* plan, which aims to reduce energy consumption, diversify energy supply, expand renewable energy sources and decrease dependence on fossil fuels by 2030. Moreover, the EU-led Green Deal policy targets significant reductions in carbon emissions by 2030, with further reductions by 2040, to achieve a carbon-neutral society by 2050.

The EU’s energy policies have significantly increased the demand for high-efficiency electrical products, particularly high-efficiency heat pump heating and cooling systems. These systems offer reduced carbon emissions compared to conventional fossil-fuel-driven solutions.

LG’s HVAC solutions, including ultra-efficient heat pumps, are highly competitive due to the company’s advanced core component technology, or core tech. LG develops and manufactures key components such as compressors and motors, essential for air conditioning products and a variety of other appliances. The company also proactively invests in R&D to continuously enhance its industry-leading technologies, including heat exchangers, inverters and heat pumps.

To drive B2B growth and increase management efficacy, LG’s HVAC business is developing a comprehensive local system encompassing all operational areas, from R&D and sales to maintenance and customer service. As part of this initiative, LG has expanded its network of HVAC academies to 62 locations in 43 countries across North America, Latin America, Europe and Asia, training over 30,000 HVAC engineers annually.

“Along with developing differentiated HVAC solutions tailored to Europe’s regional climates, our new Air Solution R&D Lab in Frankfurt will support our ongoing global efforts in decarbonization and electrification,” said James Lee, head of the Air Solution Business Unit at LG Electronics Home Appliance & Air Solution Company. “LG will continue to strengthen its HVAC leadership in Europe and globally.”

^* The EU’s REPowerEU plan has decreased gas consumption by 18 percent, and dependence on Russian fossil fuels has dropped from 45 percent in 2021 to 15 percent in 2023. (commission.europa.eu/strategy-and-policy/priorities-2019-2024/european-green-deal/repowereu-affordable-secure-and-sustainable-energy-europe_en)

About LG Electronics Air Solution Business Unit

LG air conditioning provides optimized solutions for every sector and climate with a wide range of cutting-edge systems that bring exceptional heating, ventilation and air conditioning performance to buildings worldwide. Through our unmatched expertise and industry knowledge, we respond directly to the needs of businesses seeking digitalized and eco-conscious HVAC solutions. We are the partner your business has been looking for, and are well prepared to integrate our leading technology into your day-to-day operations, supporting you and your business every step of the way. For more information, please visit www.lg.com/global/business/hvac.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

LG ESTABLISHES NEW AIR SOLUTION R&amp;D LAB IN EUROPE, STRENGTHENING HVAC BUSINESS LOCALIZATION STRATEGY

LG ESTABLISHES NEW AIR SOLUTION R&amp;D LAB IN EUROPE, STRENGTHENING HVAC BUSINESS LOCALIZATION STRATEGY