Wednesday, September 24, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
iOS 8 Update Causing Problems
iPhone 6 Plus Is $100 Costlier For Consumers But Less Than $16 More Expensive for Apple to Make
Microsoft Wireless Display Adapter Connects Miracast Devices to HDTVs
BlackBerry Passport Launches Tomorrow
ASUS ROG Announced The G551 and G771 Gaming Laptops
New VIZIO P-Series Ultra HD LED TVs Start From $1000
Europe Asks More Concessions From Google In Antitrust Dispute
Future Of Apple's Beats Music Remains Uncertain
Active Discussions
Yamaha CRW-F1UX
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
 Home > News > General Computing > Samsung...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, February 05, 2013
Samsung to Invest $1.1 Billion in New Ventures


Samsung Electronics unveiled two venture funds to invest a total of $1.1 billion, aimed at creating new businesses for its unit that makes memory chips and electronics parts.

The company announced the $1 billion Samsung Ventures America Fund and the $100 million Catalyst Fund for early stage startups, as well as a strategy and innovation center in Menlo Park, California, at an event near the site on Sand Hill Road.

The new Samsung Strategy and Innovation Center headquartered on Sand Hill Road in Menlo Park and with offices in Korea and Israel is led by Young Sohn, President and Chief Strategy Officer of Device Solutions, Samsung Electronics.

"We see tremendous opportunities and transformations over the next five years driven by Big Data centered around mobility, cloud, and the Internet of Things, and Samsung will be a significant part of this revolution," said Sohn. "This is an exciting opportunity for us to engage with entrepreneurs and innovators and empower them to leverage Samsung?s technology and global brand presence to bring our collective visions to market."

Initial focus areas include cloud infrastructure, mobile privacy, Internet of Things, human interface, and mobile health, Samsung said.

To jumpstart the $100 million Samsung Catalyst Fund, the Samsung Strategy and Innovation Center (SSIC) is holding a competition, SamsungCreate Challenge, launching later in 2013. The program will encourage artists, engineers, entrepreneurs, and other innovators to leverage Samsung's Device Solutions Architecture Platform. The contest will award $10 million in seed investments for winners and will also include incubation and support from SSIC's Innovation and Technology Fellows and partnerships with Samsung R&D technologists.


Previous
Next
G.SKILL Launches New Trident X Series DDR3 32GB Memory Kit        All News        Samsung Introduces GALAXY Young and Samsung GALAXY Fame
Dell to Be Acquired By Its Founder And and Silver Lake For $24.4 billion     General Computing News      Microsoft's Initiative To Help Improve the Africa's Competitiveness

Get RSS feed Easy Print E-Mail this Message

Related News
Samsung Galaxy Alpha And LG G3 Vigor Coming from AT&T
Order Your Samsung Galaxy Note 4 Today
Samsung Now Mass Producing 20-Nanometer 6Gb LPDDR3 Mobile DRAM
New Samsung NX1 Launches With APS-C backside-illuminated CMOS
Korean Authorities To Inverstigate LG-Samsung Dispute
Samsung Open Source Conference Kicks off Tuesday
Diesel Black Gold Introduces Custom Samsung Gear S at Runway Show
Samsung Outlines Its Vision for the Future Home At IFA 2014
Samsung Launches Tizen Wearable SDK for Gear S
Samsung Galaxy Tab Active Announced At IFA
Samsung Goes Curvy At IFA 2014
Samsung Partners With Oculus On Gear VR, Announces Galaxy Note 4 And Galaxy Edge at IFA 2014

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .