Samsung’s Creative Labs (C-Lab) projects have led many Samsung employees to follow their dreams by having their own ventures. Not only does it portray Samsung in a good position as an employer but also helps it keep on the top of things by spawning its own innovative startups to alleviate any competitive concerns.
Earlier this month, 18 employees from Samsung’s Creative Lab left their jobs in order to formally establish the five companies designed to develop five new products.
Now, what next?
Wait, there’s more. Samsung now wants to help startups developed outside the walls of its premises through its startup incubator in the mobile space. To this end, it has launched a mobile startup incubation program named Creative Square that will help startups and designers in the mobile industry to take off the ground with little help from Samsung.
This in the spirit of Samsung’s support for innovative breakthrough technologies that aim to change the face of mobile now and in the future.
By being a part of Creative Square, startups stand a chance to receive up to 100 billion won ($85,000) in financial support and an opportunity to use Samsung’s R&D campus in Seoul for a minimum of six months and up to a year.
The company is taking applications from June 27th through July 31st and will open its website for registration starting Monday, June 27th.
Samsung launched its in-house startup support program C-Lab in 2012. C-Lab is an internal program that aims to cultivate innovative projects and business ideas and functions as a venue for exchanging and building upon ideas.
In C-Lab, employees are encouraged to come up with a startup idea after which they will be allowed the time and backing to create their own companies. They can choose to return if they wish, afterwards.