Samsung Spins Off Startups WELT, Idea Printer, Locksa And Samsung Insulations

Posted: Jun 1 2016, 5:56am CDT | by , in News | Latest Business News

 

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Samsung Spins Off Startups WELT, Idea Printer, Locksa and Samsung Insulations
Idea Printer

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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.

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.

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.

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The Author

<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com.

 

 

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