Samsung selects 18 new startups for the C-Lab Outside program

Last updated: November 26th, 2019 at fourteen:57 UTC+01:00

Samsung held the 2019 C-Lab Outside Demoday effect at its R&D Campus in Seocho-gu, Seoul, yesterday. At the event, the company introduced xviii new startups that were selected through the C-Lab Exterior competition in Baronial this year. These startups encompass diverse business areas such equally AI, lifestyle, VR / AR, healthcare, etc.

More than than 300 attendees comprising of startup representatives, influential investors, and Samsung officials attended the upshot. Twenty startups that were selected nether the C-Lab Outside program final year showcased their products and services to investors. These startups received guidance and back up, ranging from technical know-how to investment, from C-Lab for the past twelvemonth.

For those unaware, Samsung's C-Lab (Creative Lab) is an in-house startup incubator that enables employees to turn their innovative ideas into products by offering them resources and back up services. Last year, the visitor expanded the scope of the initiative past launching C-Lab Outside – a startup support program to assist exterior startups. The company aims to support a total of 500 projects, including 300 external startups, in the next four years.

Startups selected nether the C-Lab Outside program can stay at the defended space at Samsung Seoul R&D Campus for a twelvemonth and can use many of the company's employee facilities freely. These startups will also receive up to 100 one thousand thousand won in seed money to help them grow. The Korean company likewise assists these startups in attending international exhibitions such as the CES, MWC, IFA, etc.