cxo voice
  • Home
  • Technology
    • AI
    • Cloud
    • Telecom
    • Data Center
    • BPM
    • Blockchain
  • Finance
    • Banking
  • Cyber Security
  • View Points
  • Leaders Talk
  • News
  • Press Release
    • Submit Press Release
No Result
View All Result
  • Home
  • Technology
    • AI
    • Cloud
    • Telecom
    • Data Center
    • BPM
    • Blockchain
  • Finance
    • Banking
  • Cyber Security
  • View Points
  • Leaders Talk
  • News
  • Press Release
    • Submit Press Release
No Result
View All Result
Leaders Talk and Latest Tech News | CXO VOICE
No Result
View All Result
Home News Business

Samsung helped grow 426 tech startups via C-Lab programme

News Desk by News Desk
November 24, 2022
5 Ways to Fund your Startup Idea

Samsung has assisted nurture 426 startups, 182 in-house firms, and 244 outside startups through its Creative Lab (C-Lab) Outside programme since 2018. The 244 outside firms have raised an accumulative investment of 430 billion won from different investors. 

When Joung Ji-won, the founder and CEO of Algocare Lab, decided to apply for a venture incubator programme of Samsung Electronics last year, her startup was in its third year of operation and already recognised for its innovative ideas for personalised nutrition management.

Still, she found it challenging to run and grow her startup in a country where big conglomerates continue to dominate the economy and are often seen squashing or acquiring nascent, small players.

“The most difficult thing was to hire talented people,” Joung told Yonhap News Agency during a press event of Samsung’s Creative Lab (C-Lab) Outside on, a startup acceleration programme to help encourage competent, prospective entrepreneurs outside the tech giant.

“Since joining the (Samsung) programme, it became much easier to recruit good talent,” she said, adding, “New hires said their parents are proud of them.”

Samsung, the world’s largest mobile phone and memory chip maker, began its in-house C-Lab programme in 2012 to incubate creative ideas, turn them into business opportunities and stimulate the country’s startup ecosystem.

ADVERTISEMENT

In 2015, Samsung introduced a spin-off programme for successful in-house startups to encourage employees’ entrepreneurship and go-for-it spirit.

Encouraged by positive responses, the tech giant, in 2018, began C-Lab Outside to nurture external, innovative tech companies younger than five years old by providing them with financial assistance of up to 100 million won ($73,700), office space, mentoring and business consultation and cooperation.

“The purpose of C-Lab Outside is not about making financial gains, but quickly discovering promising young innovators and help them firmly take root and grow into a big tree,” Hahn In-kuk, head of Creativity & Innovation Center at Samsung Electronics, said during the event.

Hahn said Samsung is planning to “scale up” the program starting next year, where it will continuously check up on the growth of the program’s former participants, even after the one-year program ends, and make an investment, if necessary.

Lee Sang-min, CEO of Neubility, which makes autonomous delivery robots, said he found Samsung’s counseling service most helpful for running his five-year-old startup.

“There are many critical moments when a strategic decision needs be made timely, and it was a huge relief that I could get help and mentoring services from Samsung,” said Lee, a graduate of mechanical engineering at Yonsei University.

He said his nascent venture was neither well-organized nor had the necessary manpower before participating in the programme.

“We hadn’t even had a chief financial officer up until we had about 30-40 employees,” he said.

Neubility, founded in November 2017, successfully secured an investment total of 23 billion won this year, with the help of Samsung. The company now employs 75 people.

A pioneer in developing self-driving delivery robots in South Korea, the company has teamed up with Samsung Welstory, a Samsung catering subsidiary, to launch food delivery by robotic couriers in golf clubs.

Already 54 such autonomous robots, called “Neubie,” which are equipped with a camera system that enables them to perceive their environment and detect obstacles, are in service around the country. The startup is set to sign a deal to launch an additional 100 robots at golf courses, according to Lee.

Disclaimer: Only the headline and image of this article may have been edited by CXOvoice; the rest of the content is generated from a syndicated feed.

Also Read: The Emergence of Spyware, Zero Click Attacks, Smishing, and Store Security

News Desk

News Desk

by CXO VOICE team memebrs, [email protected]

Related Posts

FintechOS and Tech Mahindra
Finance

FintechOS and Tech Mahindra to Transform Financial Services with Next-Gen Digital Solutions

September 18, 2025
TCS and Qualcomm
Business

TCS and Qualcomm Launch Innovation Lab in Bengaluru to Develop Edge AI Solutions for Industry

September 18, 2025
MediaTek TSMC
Technology

MediaTek and TSMC Partner to Pave the Way for Next-Generation Chip Performance with N2P Process

September 17, 2025
ABB investment
Business

ABB Announces $110 Million Investment in U.S. Expansion

September 17, 2025
Check Point Lakera
Cyber Security

Check Point Software Acquires Lakera to Enhance AI Security Solutions

September 17, 2025
Phil Mottram HPE
People

Phil Mottram to Drive HPE’s Global Sales as New Chief Sales Officer

September 17, 2025
Google UK
Business

Google Invests £5 Billion in UK: New Data Center to Boost Jobs and Economy

September 16, 2025
NextEra and ServiceNow Forge Partnership to Drive Digital Transformation in Saudi Arabia and MENA
Business

NextEra and ServiceNow Forge Partnership to Drive Digital Transformation in Saudi Arabia and MENA

September 15, 2025
Load More
ADVERTISEMENT

Latest Updates

FintechOS and Tech Mahindra

FintechOS and Tech Mahindra to Transform Financial Services with Next-Gen Digital Solutions

by Deepa Sharma
33 minutes ago

TCS and Qualcomm

TCS and Qualcomm Launch Innovation Lab in Bengaluru to Develop Edge AI Solutions for Industry

by Deepa Sharma
57 minutes ago

Entrepreneurs Skills

Top Leadership Skills Entrepreneurs Need in the Age of AI

by Santosh Kumar
2 hours ago

MediaTek TSMC

MediaTek and TSMC Partner to Pave the Way for Next-Generation Chip Performance with N2P Process

by Deepa Sharma
21 hours ago

ABB investment

ABB Announces $110 Million Investment in U.S. Expansion

by Deepa Sharma
22 hours ago

Check Point Lakera

Check Point Software Acquires Lakera to Enhance AI Security Solutions

by Arshi Khan
1 day ago

Expert Views

Why Even One Unpatched Device Can Be a Catastrophic Risk for Startups and SMBs
Cyber Security

Why Even One Unpatched Device Can Be a Catastrophic Risk for Startups and SMBs

July 25, 2025
Cyber Criminals
Cyber Security

How WormGPT Became ChatGPT’s Evil Twin

July 15, 2025
When AI Empowers Both Networks and Hackers: The New Battlefield for India’s Telecoms
Opinion

When AI Empowers Both Networks and Hackers: The New Battlefield for India’s Telecoms

May 20, 2025
Molly Sands AI
AI

AI RIP: 5 Things Knowledge Workers Will Say ‘Sayonara’ to in the Next Decade

March 8, 2025
multi cloud
Cloud

Multi-Cloud Made Simple: Strategies for Smart Business Management

March 5, 2025

Get Latest Update

Subscribe to our mailing list to receives newsletter direct to your inbox!

ADVERTISEMENT

Leaders Interviews

Tokenization
Interview

Revolutionizing Finance: An Exclusive Interview with Sid Ugrankar, Co-founder of Qila.io on the Future of Blockchain and Tokenization

-
Steve Wilson, GenAI Cybersecurity LLMs
Cyber Security

How effective is GenAI in cybersecurity? The role of LLMs and AI in security solutions. [Interview with Steve Wilson]

-
Interview on Counterfeit products with Nikhil Narayan
Leaders Talk

Advancements in ML & AI made it possible to detect counterfeit products in real-time, says Nikhil Narayan

-
Newgenone bridges the gap between business users and IT teams with its low code capability: Varun Goswami
Leaders Talk

Newgenone bridges the gap between business users and IT teams with its low code capability: Varun Goswami

-

Entrepreneur

Top Leadership Skills Entrepreneurs Need in the Age of AI

Samsung Electronics appoints its first female president

Inspiring Women Entrepreneurs in India (2022)

Technology Adoption For Entrepreneurs

CXOVoice.com is a leading online publication for CXOs, entrepreneurs, senior leaders, developers, and industry professionals. Our coverage spans key sectors, including IT, technology, banking, finance, cybersecurity, engineering, and automobiles.

Connect with us

Easy Links

  • Cryptocurrency
  • Event
  • Blockchain
  • Press Release
  • Resources & Downloads

Write Us

[email protected]
  • Home
  • About Us
  • Contact Us
  • Advertise
  • Privacy & Policy
  • Feedback

Copyright © 2025 CXOVoice - All Right Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/

No Result
View All Result
  • Home
  • Technology
    • AI
    • Cloud
    • Telecom
    • Data Center
    • BPM
    • Blockchain
  • Finance
    • Banking
  • Cyber Security
  • View Points
  • Leaders Talk
  • News
  • Press Release
    • Submit Press Release

Copyright © 2025 CXOVoice - All Right Reserved