JV enables the development and commercialization

of new products in global markets

Through this strategic alliance with Xinova, we expanded and fortified our technology base. We have collaborated on several innovation and development projects ranging from laser treatments to emerging areas in AI. Our first collaboration brought my engineers together with two teams of global innovators, exploring many potential solutions together, ultimately selecting 18 technologies for development and patenting. We benefited from new approaches to problem-solving and solution engineering of our technology. The value we created encouraged Xinova to be a part investor in our ventures. I recommend working with Xinova.”

–Haelyung Hwang, Lutronic CEO

JV MITIGATES RISK & SHARES UPSIDE

Lutronic – Korea’s leading aesthetic laser device technology manufacturer – tapped Xinova’s innovator network to enhance their adjacent ophthalmological laser treatment technology, R:Gen. Inventions were developed during two Rapid Innovation Sessions to improve the measurement of laser dosing in the eye. To advance the transformative technology, Xinova and Lutronic formed a JV called Lutronic Vision (LV). It has allowed for rapid development of new technologies, as well as commercialization in the United States with executive leadership recruitment.

DYNAMIC CO-INNOVATION

What began with a Request for Invention resulted in a JV. Lutronic sought technical solutions to challenges with their laser eye treatment technology and devices. Two Rapid Innovation Sessions (RIS) yielded 18 solutions selected for patenting and development. The partnership evolved into co-investment as the project developed to ensure its commercial success.

LONG-TERM TECHNOLOGY & BUSINESS DEVELOPMENT

The Lutronic Vision JV showcases Xinova’s ability to leverage the diversity of the innovator network, and turn a technology project with an entrepreneurial approach. LV is currently improving the UI and usability of R:Gen technology with a project incorporating machine learning technology to augment essential features and product quality.

What’s your biggest R&D challenge?

Xinova engages with companies of all sizes to solve unique and tough problems.

Learn how we engage by clicking through the stories below.

Connect with Xinova

We are always seeking new problems to solve, as well as innovators and entrepreneurs to help us solve them. Let’s work together to create the future.

Our Worldwide Locations

USA

Xinova
311 ½ Occidental Ave S
Suite 300
Seattle, WA 98104
USA
+1 (206) 800-2678

Japan

Xinova Japan GK
Yaesu Mitsui Building 6F
2-7-2 Yaesu, Chuo-ku
Tokyo 104-0028 Japan
+81-3-6478-6120
xinova.jp

China

Xinova Innovation (Beijing) Consultancy Co. Ltd.
Room 2494, Level 24, Tower 3
China Central Place
77 Jianguo Road
Chaoyang District
Beijing, 100025 China

Singapore

Xinova Asia Pte Ltd.
331 North Bridge Road
#22-01, Odeon Towers
Singapore 188720
+65 6408 5080

Korea

Xinova Korea
10^thfloor, Golfzone Tower
735, Yeongdong-daero
Gangnam-gu
Seoul 06072, Korea
+82 2 6952 8840
xinova.co.kr

Australia

Xinova Australasia Pty Ltd.
223 Liverpool St
Darlinghurst, NSW 2010
Australia
+61 2 8093 4850

India

Xinova India
Suite No 208, 2nd Floor
Survey No 414
PSR Complex
Govinda Reddy (GR) Layout
Bannerghatta Road
Karnataka, 560076, India

Finland

Xinova Finland
Erottajankatu 5 A 4
FI-00130 Helsinki
Finland

Affiliate offices in Tel Aviv & Vienna

Sitemap

For Innovators

For Companies

Introducing Arcnet

Innovation Opportunities

LUTRONIC

Joint venture to reach global markets