Samsung launches five new startups

Earlier this year Samsung showcased its Creative Lab (C-Lab) projects for the first time ever. The Creative Lab is Samsung's innovation program which enables company employees to develop their own business ideas. Samsung showcased three additional C-Lab projects at South by Southwest 2016 a few months ago. Today the company has announced that 18 employees from a total of five C-Labs projects have resigned from Samsung to officially morph the projects they created under Samsung as established companies.

The five projects that Samsung has chosen to establish as companies include a smart belt that manages overeating and obesity called WELT, a nifty little printer that prints ideas onto sticky notes called Idea Printer, and Locksa, which is an app that manages pictures with the smartphone's unlock function. Projects also include a vacuous insulator with the highest insulation efficiency in the world and Save Energy Cost, an intelligent software which recommends optimal electricity pricing systems.

Samsung says that these five projects were selected not only because they are creative but because the show the highest potential for commercial success as well. These newly established companies will now complete product development and will aim for market release in the second half of 2016.

Adnan Farooqui - Executive Editor

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First Samsung device: SGH-E900

Adnan Farooqui is a long-term writer at SamMobile. Based in Pakistan, his interests include technology, finance, Swiss watches and Formula 1. His tendency to write long posts betrays his inclination to being a man of few words.

Source General C-Lab