"Challenge Culture That Fears No Failure"... Samsung Electronics' Win-Win Culture 'C-Lab'

On February 23, Samsung Electronics held the launch ceremony for the 4th C-Lab Outside at the Samsung Electronics Seoul R&D Campus in Seocho-gu, Seoul. The ceremony was attended by 20 selected startups, Park Hak-gyu, President of Samsung Electronics' Management Support Office, members of the National Assembly, and representatives from the startup industry.

Under the CSR vision of "Let's go to the future together!", Samsung operates various programs including ▲ C-Lab Outside ▲ Support for Small and Medium Enterprises' Smart Factory Transformation ▲ Samsung Future Technology Development Project ▲ Creation of Win-Win Funds. The purpose is to share the technology and innovation know-how that Samsung has accumulated with our society.

Samsung Electronics introduced the in-house venture nurturing program "C-Lab Inside" to spread a creative organizational culture and a "challenge culture that does not fear failure" within the company. A spin-off system is also implemented to allow excellent in-house venture projects to spin off as startups. To revitalize domestic startups and support entrepreneurship, "C-Lab Outside," which opens C-Lab to the outside, was newly established.

Through C-Lab, Samsung Electronics has nurtured a total of 426 in-house ventures and startups (182 in-house, 244 external) to date. The 244 startups nurtured through C-Lab Outside have attracted a total of 430 billion KRW in follow-up investments.

Under the company's core values of "Pursuit of Mutual Growth and Integrity Management," Samsung focuses on building a sustainable win-win cooperation system by enhancing the competitiveness of partner companies and establishing partnerships, strengthening win-win strategies for mutual growth. A representative example is the "Smart Factory Construction Support Project," a manufacturing environment improvement project for small and medium-sized enterprises and mid-sized companies started in 2015. Up to last year, support was provided for the construction of smart factories for more than 2,800 companies.

In addition, about 200 in-house experts were selected in fields such as manufacturing site innovation, factory operation systems, and manufacturing automation to transfer know-how tailored to each company's situation. In particular, to overcome the COVID-19 crisis, urgent support was provided to improve productivity for about 20 small and medium-sized enterprises producing essential products to protect against infection and maintain health, such as masks, diagnostic kits, LDS syringes, eye protectors, and hand sanitizers.

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