Samsung Invests $150 Million to Support Early-Stage Tech Startups

Samsung Invests $150 Million to Support Early-Stage Tech Startups
Samsung Invests $150 Million to Support Early-Stage Tech Startups

Samsung’s new year resolution is probably geared to support and promote global entrepreneurship. This electronics manufacturer is known for her huge market share and brand integrity when it comes to mobile gadgets. In an effort to make the world a better place for young tech entrepreneurs and startups at all levels. Samsung NEXT (formerly the Samsung Innovation Centre) plans to empower tech entrepreneurs by Investing $150 Million to Support Early-Stage Tech Startups around the globe.

Samsung NEXT is aimed to partner with tech innovators to take them to the NEXT level — build great ideas into products, grow products into thriving businesses and scale businesses that leverage and transform the Samsung ecosystem.

Earlier today,  Samsung NEXT (formerly the Samsung Innovation Centre) announced its intentions to build upon its multi-stage global innovation platform to empower tech entrepreneurs with funding, resources and deep-domain expertise.

The Samsung NEXT Fund is a $150 million venture capital investment geared towards increasing Samsung’s support of early stage startups pursuing advanced software and service innovation. The fund targets pre-seed to Series B investments with a focus on virtual reality, artificial intelligence, IoT and other emerging technology frontiers across the globe.

Several tech startups such as Converge Industries, Dashbot, Entry Point VR, Filament, Intezer, LiquidSky, Otto Radio, 2Sens, SafeDK and Virtru — have already received capital from the fund, Samsung affirms. Samsung believes that the NEXT Fund will help accelerate the growth of startups and ultimately ensure their success.

Samsung NEXT is launching multiple offices across the world in line with its effort to expand continental-wise and maintain a global balance.  Samsung NEXT office was lately launched in Tel Aviv in September 2016, following offices at Mountain View, New York, San Francisco and Korea.

At CES 2017 Eureka Park, Samsung will be showcasing startups from its portfolio that are pushing boundaries with new frontier technologies and innovative solutions.

Don’t hesitate to get more information on how to gain access to the fund, visit SamsungNEXT.com

 

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