Samsung Seeking Innovators With $1.1B Investment And Strategy Center
Summary
Today Samsung announced that it is expanding its United States presence with the creation of a Strategy and Innovation Center (SSIC). The winners will be awarded $10 million in seed investments and will join the company’s incubator while also receiving support from SSCI’s Innovation and Technology Fellows. Samsung Electronics will leverage these organizations in global innovation hotspots to create new businesses and build open ecosystems through research and development, investments, strategic alliances, and M&A. “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. Through relentless innovation and discovery, we are transforming the worlds of televisions, smartphones, personal computers, printers, cameras, home appliances, medical devices, semiconductors and LED solutions.