Samsung Electronics Unveils 18 Startups Supported by 'C-Lab Outside'

[Asia Economy Reporter Ki-min Lee] On the 18th, Samsung Electronics unveiled 18 new startups selected through the 'C-Lab Outside' contest.

C-Lab Outside is an external startup incubation program that Samsung Electronics has been running since 2018, expanding the know-how of its in-house venture program 'C-Lab,' which has been operated for the past eight years.

This contest, themed "Innovation for New Experience," was held from August. Despite conducting the entire process online due to the COVID-19 situation, Samsung Electronics explained that 501 startups applied, resulting in a competition rate of 28 to 1. The selected startups come from various business fields, ranging from startups with socially beneficial technologies to AI, healthcare, deep tech (core technology), and content services.

Key startups include ▲ 'SelectStar,' a platform that crowdsources AI-based learning data ▲ 'Kkunae Company,' a live home training service enabling interactive communication between trainers and members ▲ 'Atomus,' a mobile counseling platform offering remote expert psychological consultations. Notably, four startups with socially beneficial technologies were also selected, such as ▲ 'Wadle,' a barrier-free platform that helps visually impaired people shop online conveniently ▲ 'Silvia Health,' a non-face-to-face service diagnosing and preventing dementia through voice, eye movement patterns, and tactile analysis.

Startups selected for C-Lab Outside will receive various benefits for one year, including ▲ dedicated office space within Samsung Electronics' Seoul R&D campus ▲ mentoring from Samsung Electronics experts ▲ participation in domestic and international IT exhibitions ▲ business support funds up to 100 million KRW. Furthermore, after the one-year incubation period, Samsung Electronics will hold a 'Demo Day' attended by startup CEOs, investors, and Samsung Electronics officials to explore investment attraction and business collaboration opportunities.

This year, an online Demo Day will be held on the 2nd of next month under the theme "Innovation, Create, Great: Startups and Samsung Electronics Together." Twenty startups supported over the past year will introduce their products and services and present business achievements to attract investors. Anyone interested in startups and innovative technologies can apply on the event website from the 18th of this month until the 1st of next month.

Meanwhile, since 2018, Samsung Electronics has announced the incubation of a total of 500 in-house and external startup projects through C-Lab, including 200 in-house employee startup projects (C-Lab Inside) and 300 external startup incubation projects (C-Lab Outside). Under its CSR vision "Enabling People, Together to the Future," Samsung Electronics is conducting win-win activities and youth education social contribution activities through C-Lab Outside, the Samsung Future Technology Development Project, smart factories, and partner company mutual growth funds.

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