Today Samsung announced the 5 Samsung C-Lab projects to become startup companies.
As reported yesterday, Samsung is spinning off 5 projects out if its innovation lab, making them independently managed startups. 18 employees of the five C-Lab companies resigned from Samsung Electronics to officially establish the five companies and engage in full-scale business.
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The five projects to become independent startups include:
“WELT”, a smart belt that manages obesity and overeating,
“Idea Printer”, a printer that simply prints ideas onto sticky notes,
“Locksa”, a smartphone application that manages photographs with your smartphone unlock function,
“Save Energy Cost”, an intelligent software that recommends optimal electricity pricing systems, and
“Samsung Insulation”, a vacuous insulator with the highest insulation efficiency in the world.
Samsung demonstrates a lot of openness to wild ideas like the Idea Printer. The 5 Samsung startups will complete product development and engage in marketing activities, aiming for market release in the second half of the year.
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Samsung Electronics’ C-Lab is an internal venture incubation program that was first introduced in 2012 to cultivate a creative company culture, and discover and actualize the innovative ideas of employees. When an idea is chosen as a C-Lab project, employees can take up to a year away from their primary job to autonomously execute the project—from team formation to budget usage and schedule management.