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

About the role

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. 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.

We are seeking a Healthcare Entrepreneur-in-Residence to join LG NOVA’s office in Santa Clara, CA. This is a contract position focused on identifying, developing, and launching new software-driven healthcare tech ventures in collaboration with startup partners. The goal is to unlock the next chapter of transformational growth for LG by identifying and growing new healthcare businesses.

Responsibilities

• Identify compelling digital health market opportunities and develop product and business concepts into new company spin-outs.
• Collaborate with startups and partners to create robust solutions designed to better meet customer needs and accelerate time to market and scale.
• Partner with LG NOVA’s Ecosystem team to source and evaluate potential startup 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 committees and external investor partners to secure new company creation approval and funding.
• Develop financial projections demonstrating the potential for rapid growth and achievement of LG NOVA’s ambitious goals.
• Build networks of advisors and external experts to assist in the development, validation, and execution of new business concepts.

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 product/company 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 incubation/innovation role.
• BS in Computer Science, 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 mechanisms and valuation models, including blended capital structures involving public/private funding.
• Experience with business and technical requirements analysis.
• Experience incubating new businesses at a startup and/or at a global tech company.

Skills

• Entrepreneurial mindset with a bias for action in highly ambiguous environments—enjoys exploring nascent opportunities with large potential.
• Critical thinking, intellectual curiosity, analytical/problem-solving skills, and the ability to balance qualitative analysis, strategy, and operations.
• Excellent written and verbal communication and organizational skills.
• Fluency in English is a must.

Why Join Us

• Opportunity to shape and lead new ventures from the ground up, supported by LG NOVA resources (business, technical, and financial) throughout the venture lifecycle.
• Be at the forefront of healthcare tech innovation, working on solutions with real impact and potential to reach $1B+ valuation.
• Collaborate with a talented and passionate team and LG NOVA Ecosystem Partners dedicated to driving change.

Engagement & Venture Path

This 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. This is a hybrid position based in Santa Clara, CA.

Pay

Recruiting range: $170,000—$270,000 USD.

Benefits

Full-Time Employees

• No-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 401(k) Retirement Savings Plan.
• Generous Paid Time Off program including 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.
• Personal fitness goal incentives.
• Family-oriented 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.

Temporary/Contractors

• Eligible for the relevant benefit programs offered through our partner agencies.