"Looking for Startups to Grow Together"... Samsung Electronics Announces 'C-Lab Outside' Contest

[Asia Economy Reporter Ki-min Lee] Samsung Electronics announced on the 3rd that it will hold the 'C-Lab Outside' contest from the 3rd to the 11th of next month to recruit startups that will grow together with Samsung Electronics.

Samsung Electronics is conducting the contest under the theme of 'Innovation for New Experience,' focusing on products and services that provide customers with new experiences.

Startups established within the last five years that ▲ possess innovative ideas and technological capabilities ▲ or want to contribute to society together with Samsung Electronics through socially responsible technology are eligible to apply.

Startups selected through 'C-Lab Outside' will receive benefits for one year, including ▲ dedicated office space within Samsung Electronics' Seoul Research and Development (R&D) Campus ▲ mentoring from Samsung Electronics experts ▲ participation in domestic and international IT exhibitions ▲ and business support funds up to 100 million KRW.

Additionally, Samsung Electronics offers various programs to support startup growth, such as the 'C-Lab Outside Startup Fair,' where startups can enhance competitiveness and explore business collaboration opportunities through proposals from Samsung Electronics employees, and the 'C-Lab Outside Demo Day,' which assists in attracting investment.

In-koo Han, Executive Director of Samsung Electronics' Creative Development Center, said, "We hope this contest will be a new opportunity for startups facing difficulties due to uncertain economic conditions," adding, "Samsung Electronics will continue to grow together with startups and contribute to revitalizing the domestic startup ecosystem."

Detailed information about this contest can be found on the 'C-Lab Outside' website.

Previously, in August 2018, Samsung Electronics announced a plan to foster 300 external startups through 'C-Lab Outside' from 2018 to 2022 as part of its 'Economic Revitalization and Job Creation Measures.' As of the first half of this year, a total of 124 external startups have been supported, and currently, 40 are being nurtured.

Under the corporate social responsibility (CSR) vision 'Together to the Future! Enabling People,' Samsung Electronics is also engaged in win-win activities and youth education social contribution programs, including C-Lab Outside, Samsung Future Technology Development Project, smart factories, and the partner company win-win fund.

This content was produced with the assistance of AI translation services.