Samsung Electronics' In-house Ventures and Startups to Attend CES 2023

C-Lab Startups Receive Record 29 'CES Innovation Awards'

The Samsung Electronics C-Lab exhibition booth at CES 2022 held in Las Vegas, USA, this January / Photo by Samsung Electronics

[Asia Economy Reporter Kim Pyeonghwa] Samsung Electronics' in-house ventures and external startups will showcase their technological capabilities at CES 2023, the world's largest electronics exhibition, held in Las Vegas, USA, from the 5th to the 8th of next month. Startups affiliated with Samsung Electronics received a total of 29 awards at this CES, setting a record for the most awards ever.

Samsung Electronics announced on the 28th that it will set up a 'C-Lab Exhibition Hall' at the startup pavilion 'Eureka Park' in the Venetian Expo in Las Vegas, exhibiting four outstanding projects from the in-house venture program for employees (C-Lab Inside) and eight startups nurtured through the external startup program (C-Lab Outside).

C-Lab Inside is an in-house venture program introduced in 2012 by Samsung Electronics to spread a creative organizational culture and discover employees' creative ideas. Since its first participation in CES in 2016, Samsung Electronics has consecutively selected and showcased outstanding C-Lab Inside projects for eight events including this one.

The four C-Lab Inside projects presented at this CES received high evaluations in innovation, marketability, and completeness. They include ▲MetaLearning (a learning posture coaching platform) and ▲Polcamix (a concert platform) in the metaverse field, as well as ▲Sum (a meditation solution) and ▲Palette (a 3D interior service) in the lifestyle field.

To expand the know-how of operating C-Lab Inside externally, Samsung Electronics established the startup nurturing program C-Lab Outside in 2018. Over the past year, it will showcase six startups directly nurtured by Samsung Electronics and two startups jointly nurtured with the Daegu-Gyeongbuk Creative Economy Innovation Center. Specifically, these include ▲N.Dot.Light (3D design solution), ▲Newbility (urban delivery service), ▲Fortify (mental care service), and ▲Celliko (micro electronic eye development).

Samsung Electronics views participation in this CES as an opportunity for C-Lab startups to assess global market responses and strengthen business viability. On-site investment and business cooperation consultations are also expected.

Meanwhile, Samsung Electronics announced that C-Lab startups received a total of 29 awards at this CES, including 2 Best of Innovation Awards and 27 Innovation Awards, breaking the record for the most awards ever.

Among the eight startups participating in this C-Lab exhibition hall, seven companies?▲Newbility, ▲Fortify, ▲N.Dot.Light, ▲Celliko, ▲Flask, ▲Luiten Technologies, and ▲Cartiers?received Innovation Awards. Additionally, 18 startups spun off from C-Lab Inside and graduated from C-Lab Outside received 2 Best of Innovation Awards and 20 Innovation Awards. Notably, 'Dot,' which presented a tactile display for the visually impaired, received both a Best of Innovation Award and two Innovation Awards simultaneously. 'Versys,' which introduced a meta music system, also received a Best of Innovation Award.

Park Hak-gyu, President of Samsung Electronics' Management Support Office, said, "With a record 29 CES Innovation Awards, the technological capabilities of C-Lab startups have been recognized globally," adding, "We hope C-Lab startups actively expand overseas and promote the excellence of Korean startups."

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