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[Séoul-NewYes] Kim Jong Min reporter = Samsung Electronics is accelerating the investment of start-up companies abroad to promote new business through preemptive investments.
Joint research and development by investing pre-emptively in companies with promising new generation technologies in artificial intelligence (AI), augmented reality (AR), virtual reality (VR), Internet (IoT) (R) & D), labor and networks.
According to the industry on the 22nd, Samsung Electronics is focusing on looking for promising start-ups with three global investment organizations, including Samsung Venture Investment, Samsung Catalyst Fund and Samsung NeXT.
These affiliates of Samsung have participated several times this month in the global start-up financing.
Samsung Venture Investment participated in financing led by Tamr, an AI-based start-up operating in Boston, USA, and Samsung Catalyst Fund under the Samsung Strategic Innovation Center (SSIC) Mantis Vision Camera Solutions Company (Mantis Vision).
Samsung NeXT announced its goal to launch "Next Q Fund" last month to launch AI-related start-ups. Samsung Electronics reinforces its role by appointing David Eun, CEO of Samsung Next, as Chief Innovation Officer, Chief Innovation Officer of Samsung Electronics.
Samsung NeXT and the Samsung Strategic Innovation Center (SSIC) were created in 2012 by Samsung Electronics for "open innovation". The Samsung-NeXT fund, led by David, has been in operation since 2017 with a size of 150 million dollars. Samsung NeXT has offices in Silicon Valley, San Francisco, New York, Berlin, Israel, Tel Aviv and Korea.
The Samsung Catalyst Fund of the Samsung Strategic Innovation Center (SSIC) led by Young-Kwon Sohn is primarily invested in venture companies with a size of $ 100 million (108 billion won). The Samsung Catalyst Fund has offices in Silicon Valley, London, Paris, Seoul and Israel.
Samsung Venture Investment (Chairman: Dae-Bae) is a technology technology new finance company created by Samsung Electronics, Samsung C & T and Samsung Heavy Industries. Samsung Electronics has invested heavily in strategic investments to foster the development of new businesses by creating funds based on investment funds from Samsung affiliates: from semiconductor start-ups to software companies, Internet companies and biotechnology companies. Invest in the steps. It provides comprehensive services for all processes ranging from investment support to management support, technical support and market registration.
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