medZERO | July 14, 2022
LG Electronics’ North American Innovation Center (LG NOVA) picked medZERO as one of the “Selected 20” startups advancing to the next stage of its Mission for the Future global challenge competition. The honor comes with $100,000 to help fund a collaboration for the next round of the competition.
The recognition is the latest for the Portland-based startup medZERO, an employer-sponsored financial wellness platform that gives employees a smarter way to pay for healthcare via on-demand access to funds to pay their out-of- pocked expenses over time at zero interest and zero fees.
In May, medZERO was one of six companies selected by the Meta Lab challenge, a prestigious competition sponsored by the Carolina Fintech Hub and MassChallenge, an international business accelerator program located in Boston.
Since securing $5.7 million in seed funding last year from Silicon Valley powerhouses True Ventures, Village Global and other angel investors, medZERO launched its app in November 2021 and has been hiring and has more than doubled its customer base.
Each of the 20 top contenders in the LG NOVA program were awarded $100,000 for proof-of-concept projects. medZERO was chosen in the Connected Health category as a company that is creating a new solution with potential to transform markets and industries, specifically as people change their perspective on new technology-based care.
“We are honored to make it to this round, LG recognized that our highly scalable, mobile payments platform leverages technology to give employees greater control over their healthcare services and spending.”
-Craig Froude, Co-Founder and CEO, medZERO.
Chosen from a group of more than 1,300 applicants, the Selected 20 will continue in the process to develop their ideas while working closely with LG NOVA’s team of innovation and entrepreneurial experts over the next couple of months—with the goal of being chosen as a Mission for the Future challenge “Top 10” finalist. To be named in August 2022, the Top 10 will have the opportunity to build their business in collaboration with LG on an accelerated path to success, with full access to LG expertise, mentorship, and from NOVA Capital Alliance and investments from LG.
Since its official launch in August 2021, the Mission for the Future challenge has invited innovators and entrepreneurs to submit their business ideas, technologies, and concepts that look to advance people, communities, and the planet. The initial “First 50” startups selected through the challenge program received access to basic business infrastructural support and networking after demonstrating exceptional proof-of-concept within emerging industries, as well as the potential for a successful partnership within the wider LG business.
Over the last few months, our work with the First 50 startups has helped us continue to refine our vision for the future as we look at new areas of growth for LG, said LG Electronics Senior Vice President for Innovation Dr. Sokwoo Rhee, head of LG NOVA. We’re inspired by all of those who have participated to date with groundbreaking, thoughtful tech innovations to drive and contribute to our collaborative community and guiding principle of ‘outside-in’ innovation. With this announcement, we’re sharing the results of our ongoing work in engaging with the startup and entrepreneur community to create impactful technologies that will lead society into the future.
medZERO is a Portland, Ore., healthcare-focused fintech company (www.medzero.com) designed to make healthcare accessible, affordable and equitable. Our employer sponsored platform provides employees instant access to funds to pay their out-of-pocket healthcare costs with no interest and no fees. Repayment is made through automatic payroll deduction and for users with Health Savings Accounts medZERO payments are pre-tax allowing them to save up to 30% on all qualified medical expenses.
About LG NOVA-
LG NOVA, the North American Innovation Center for global innovation leader LG Electronics, is a team focused on bringing innovation from the outside to LG. LG NOVA is based in Santa Clara, Calif. The center’s mission is to build, nurture and grow innovations that impact the future.
About LG Electronics USA-
LG Electronics USA, Inc., based in Englewood Cliffs, N.J., is the North American subsidiary of LG Electronics, Inc., a $63 billion global innovator in technology and manufacturing. In the United States, LG sells a wide range of innovative home appliances, home entertainment products, commercial displays, air conditioning systems, energy solutions and vehicle components. LG is 2022 ENERGY STAR® Partner of the Year-Sustained Excellence. The company’s commitment to environmental sustainability and its “Life’s Good” marketing theme encompass how LG is dedicated to people’s happiness by exceeding expectations today and tomorrow
BAE Systems Digital Intelligence | August 20, 2022
BAE Systems has unveiled its latest deployable networking product, NetVIPRTM, which provides intelligent and secure military communication networks linking everything from small reconnaissance drones to combat vehicles, fighter jets, aircraft carriers or military commands.
The modern, multi-domain battlefield that comprises land, sea, air, space, cyber and electronic warfare is hugely contested and it is vital that militaries maintain control of their communications in this challenging environment. NetVIPRTM uses the full spectrum of communications infrastructure to avoid being solely reliant on satellites or fixed infrastructure which are often targeted by adversaries, so will be much more able to sustain a communications network through a myriad of offensive challenges.
NetVIPRTM is made up of a series of nodes and each node in the secure network is able to add, access and move data. This means that even if some nodes are damaged in warfare, the rest automatically re-route to maintain optimum network speed and flow of information, making it highly resilient.
Traditional military networks rely on hardware being set up and then maintained by specialists. As NetVIPRTM uses software to perform functions usually carried out by hardware it can be updated from remote locations instead of the frontline, providing uninterrupted network access and data transmission.
This ‘plug and play’ approach works with communications hardware found in most military platforms. Over the past two years, BAE Systems has demonstrated NetVIPRTM’s capability on a range of equipment, integrating it with existing military radio systems. The team has also demonstrated the network management interface, enabling military users to configure and monitor the NetVIPRTM network.
Dave Sullivan, development lead of NetVIPRTM explained: “Building deployable communications networks in an operational battlespace is a complex challenge. NetVIPRTM is a software solution providing an intelligent, flexible and secure network that can be deployed from Command Headquarters all the way down to uncrewed air vehicles or other new autonomous platforms.”
About BAE Systems Digital Intelligence:
BAE Systems Digital Intelligence is home to 4,800 digital, cyber and intelligence experts. We work collaboratively across 16 countries to collect, connect and understand complex data, so that governments, nation states, armed forces and commercial businesses can unlock digital advantage in the most demanding environments. Launched in 2022,
Digital Intelligence is part of BAE Systems, and has a rich heritage in helping to defend nations and businesses around the world from advanced threats.
EMERGING TECHNOLOGY,GOVERNMENT BUSINESS
Convergint | September 13, 2022
Convergint, a global leader in service-based systems integration, today announced it has acquired MVP Tech, a leading UAE-based security and IT systems contractor serving private enterprises and government clients for the past two decades. The acquisition will add more than 200 colleagues to Convergint and expand the company’s presence to countries in the Gulf Cooperation Council (GCC) and Middle East.
Founded in 2003 and headquartered in Dubai, MVP Tech has three offices across the United Arab Emirates and Iraq with near-future expansion plans into KSA. The company’s diverse and multinational colleagues are comprised of 80% technical individuals with a proven industry background, managing and delivering projects with one of the largest on-the-ground workforces in the market. MVP Tech’s mission is to deliver next-generation intelligence and interconnectivity across verticals such as critical infrastructure, hospitality, luxury retail and malls, and energy infrastructure.
“MVP Tech’s strong, customer-focused culture and their expertise in emerging technologies provides an important competitive advantage and is well-aligned with our growth strategy, MVP will allow us to directly meet the needs of our global customers in this critical region. MVP’s robust technical capabilities and rapidly expanding artificial intelligence, machine learning, and big data capabilities will complement and accelerate our investments in these key areas. We look forward to collaborating with MVP Tech’s colleagues and leadership, who will remain in place to deliver uninterrupted service excellence and the latest in technological innovation to their customers.”
-Ken Lochiatto, CEO of Convergint.
By joining forces with Convergint, we now have the opportunity to expand our engineering-driven philosophy and to further elevate our service capabilities, for both our local and multinational customers, said Charles Kiwan, CEO and owner, MVP Tech. Convergint’s culture and core Values and Beliefs are the perfect fit for MVP Tech. We greatly look forward to the new possibilities we can bring to our customers through Convergint’s resources.
Convergint has a service-focused presence across North America, Latin America, Asia Pacific, Europe, and Oceania. The company continues to grow globally, with this acquisition following four others earlier this year that expanded Convergint’s capabilities across Canada, Australia, and the United States.
Convergint is a $2.0 billion global, industry-leading systems integrator that designs, installs, and services electronic security, cybersecurity, fire and life safety, building automation, and audio-visual systems. Listed as the #1 systems integrator in SDM Magazine’s Top Systems Integrators Report for the past 5 years, Convergint leads with over 8,500 colleagues and more than 185 locations worldwide.