Samsung supports 1,000 startups, helping attract $1.6 bil. in investment
Samsung Electronics said Tuesday it has supported 1,000 startups, helping attract a cumulative 2.2 trillion won ($1.6 billion) in investment. Notably, the Korean tech giant selects promising entrepreneurs and startups for its C-Lab initiative, choosing 30 companies this year, the company said. Of the selected startups, 15 are currently conducting technology verification projects with Samsung…
Samsung Electronics announced on Tuesday that it has supported 1,000 startups, contributing to a total investment of $1.6 billion. The company's C-Lab initiative, which selects promising entrepreneurs and startups, chose 30 companies this year. Among them, 15 startups are currently involved in technology verification projects with Samsung, aiming to explore potential business collaborations.
Twelve of these startups are located outside the Seoul metropolitan area. Since 2023, Samsung has established regional C-Lab hubs in Daegu and Gwangju to promote local economic growth. At a recent event at its R&D center in southern Seoul, representatives from six startups shared their success stories and examples of business partnerships.
One of the startups, Config Intelligence, a two-year-old company, is developing AI technologies for robots.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
