Case Study
JV enables development and commercialization of new products in global markets
Joint venture to reach global markets 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 treatme