We got the best Samsung deals! Galaxy S24 Ultra, Watch 6, Z Fold 5 or, Z Flip 5.

SamMobile has affiliate and sponsored partnerships. If you buy something through one of these links, we may earn a commission.

Notifications
    News for you

    Samsung reveals how it fosters innovation within its ranks

    General
    By 

    Last updated: July 11th, 2016 at 08:37 UTC+02:00

    Samsung introduced its Creative Lab (C-Lab) innovation program earlier this year, it enables the company's employees to develop their own business ideas. It has showcased nearly a dozen C-Lab projects up till now and has even launched five projects as proper companies. Samsung is now providing us with a closer look by taking us on a virtual tour of the C-Lab

    The Creative Lab was set up to allow Samsung employees to work on their own business ideas and to give them the time and resources they need to develop that idea into a production. The only pre-requisite for a C-Lab project is that it has to be genuinely innovative, it doesn't matter if the idea does not fit within an existing area of business for Samsung, the company promises its employees full support to develop that idea into a new product or service. Employees are allowed to dedicate themselves to their projects 100 percent as Samsung allows them to take between six months and a full year away from their usual jobs to spend it working on their projects.

    Samsung says that it created the C-Lab back in 2012 based on the experiences the company's management had in Silicon Valley. The management saw that the entire business environment was changing and that the startup scene was particularly doing well because they were not held back by the intricacies of a global conglomerate. That's what made it decide to launch C-Lab and also make some changes in the way it conducts business to become more of a startup instead of a boring corporate giant. Hierarchical systems do not govern C-Lab projects, each team has a leader and project members and that's it. This enables everyone to get their hands dirty so to speak and work together on projects to meet shared goals. C-Lab workers are also told that failure isn't a bad thing and that it's a part of the exploration process that some of the most innovative companies on the planet go through.

    Any Samsung employee can suggest an idea for a C-Lab project which is then screened based on how innovative, specific, and marketable they are. In the voting stage, voters decide which projects should move to the next stage. The projects then go through a final review by experts before the final presentation where a selected audience plays the role of venture capitalists and decide whether or not they would invest in a project. Up to 20 projects are selected every year using this process and they become official C-Lab projects. When projects are completed, those that are closely related to Samsung's existing businesses like home appliances or TVs are transferred to each division for further development before market launch. Those that don't fit into Samsung's existing divisions are provided support to launch as an independent company and Samsung also invests money to help those employees launch their business.

    samsung-c-lab-1
    samsung-c-lab-2
    samsung-c-lab-3
    samsung-c-lab-4

    Source General C-Lab

    You might also like

    Samsung showcases its highest number of C-Lab projects at CES 2024

    Samsung showcases its highest number of C-Lab projects at CES 2024

    At this year's Consumer Electronics Show (CES) 2024, Samsung Electronics showcased innovative AI technologies developed by its in-house venture and startup accelerator, C-Lab, i.e., Samsung Creative Lab. Samsung displayed a total of 15 C-Lab projects, which is the highest number of C-Lab startup projects displayed at CES. Ten of the projects were from C-Lab Outside, […]

    • By Sagar Naresh
    • 2 months ago
    Samsung is holding C-Lab Outside event in Korea to find new startups

    Samsung is holding C-Lab Outside event in Korea to find new startups

    Samsung Electronics will hold the C-Lab Outside event from July 17 to August 18 this year. This contest is taking place to discover and nurture innovative startups and revitalize the domestic startup ecosystem. This contest is taking place for the 6th time and is the first time this C-Lab Outside contest is taking place simultaneously […]

    • By Sagar Naresh
    • 8 months ago
    Samsung to showcase C-Lab initiatives at Europe’s largest tech event

    Samsung to showcase C-Lab initiatives at Europe’s largest tech event

    Samsung announced that it would display its innovative C-Lab projects at Europe's largest tech event—VivaTech 2023—for the first time ever. The VivaTech event will take place from June 14 to 17, 2023, at the Paris Expo Porte de Versailles exhibition and conference center. Relumino Glass, a visual aid solution for people with low vision, was […]

    • By Sagar Naresh
    • 9 months ago
    Samsung ranks 7th in WBA’s 2023 Digital Inclusion Benchmark

    Samsung ranks 7th in WBA’s 2023 Digital Inclusion Benchmark

    Out of 200 companies, Samsung Electronics has been ranked 7th in the World Benchmarking Alliance (WBA)’s 2023 Digital Inclusion Benchmark, according to an official blog post. The WBA consists of 200 global, regional, and local organizations committed to shaping the private sector's contribution to living with the UN’s Sustainable Development Goals (SDGs). The WBA evaluates […]

    • By Sagar Naresh
    • 1 year ago
    Samsung to showcase innovative projects developed through its C-Lab at CES 2023

    Samsung to showcase innovative projects developed through its C-Lab at CES 2023

    In an official newsroom post, Samsung announced that it will showcase innovative projects at CES 2023 developed by its C-Lab startups. Samsung will display four projects from the C-Lab inside (in-house venture program) and eight exciting projects from its C-Lab Outside (startup acceleration program). From January 5 to 8, visitors can come and take a look […]

    • By Sagar Naresh
    • 1 year ago
    Samsung showcased startups that it nurtured during C-Lab Startup Demo Day

    Samsung showcased startups that it nurtured during C-Lab Startup Demo Day

    Samsung held the C-Lab Startup Demo Day earlier today at the Samsung Electronics Seoul R&D Campus in Seoul, South Korea. The company announced the achievements of the startups it nurtured and provided business opportunities to them. The event was held under the theme of ‘Meet C-Lab, the growth point of startups.' A total of 21 new startups […]

    • By Asif Iqbal Shaik
    • 2 years ago