Samsung Investing A Total Of $1.1 Billion For Catalyst Funds, Venture America Fund And An International R&D Centers

Posted on Feb 5 2013 - 11:31am by Editorial Staff
Samsung

Samsung today shared its vision to accelerate innovation and to drive new business creation for Samsung’s Device Solutions businesses, with investing a total of $1.1 billion for total of two funds and an Innovation Center: the new Samsung Strategy and Innovation Center (SSIC), new $100 million Samsung Catalyst Fund, $1 billion Samsung Ventures America Fund, and Samsung’s international R&D centers.

With the move the company believes that it will help entrepreneurs and innovators being getting better accustomed to its “unique” ecosystems and resources:

  • Strategy and technology mentorship from SSIC’s Innovation and Technology Fellows, along with other industry experts within Samsung’s R&D centers to help advance their developments and business
  • Samsung’s global technology and product platforms, and opportunities to partner with Samsung’s Device Solutions business units and Samsung’s international R&D centers for product development, go-to-market strategies, and channel development
  • Strategic alliance and merger and acquisition opportunities throughout Samsung Electronics’ Device Solutions business.
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Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.