Samsung Announces Support For Five New C-Lab Projects
May. 18, 2020Samsung Electronics has announced that it will support five startups created by Samsung employees as part of its C-Lab Inside incubation program. The new startups include:
Samsung said that it will provide the startups with the investment and business consulting needed to help them grow. The company also said that should the business ventures prove to be unsuccessful, employees can return to Samsung within a five-year period. This will provide them with much-needed job-security as they embark on their entrepreneurial projects.
According to Inkuk Hahn, Vice President and Head of the Creativity & Innovation Center at Samsung Electronics,“Including these five companies, a total of 45 C-Lab alumni startups have been created as a result of the C-Lab program. These results illustrate Samsung’s commitment to investing in employee-driven innovation and promoting the South Korean startup ecosystem. Going forward, we will continue working to unlock Samsung employees’ potential for creative innovation while encouraging the entrepreneurial spirit”.
Passionate techie. Professional tech writer. Proud geek.
