Samsung sees services as an important part of its future, and recognizes that innovation and talent can come from anywhere – even the smallest of startups. To that end, the Korean giant announced Samsung NEXT, a revamp of its former Global Innovation Center, to fund these startups that are paving the way in trending tech fields such as the Internet of Things (IoT), virtual reality, and AI (artificial intelligence). Samsung launched Samsung NEXT three months ago after starting a new incubation center in Tel Aviv.
Today's announcement was about not just startups, but their funding, as funding can make or break a young, fledgling startup. Money is the key to opportunity in the tech business, and Samsung doesn't want young startups destroyed before they grow. Since services are what the mobile experience is all about, Samsung's financial support in this area can help bring “think-outside-the-box” ideas to its own mobile experience (particularly for its growing platform, Tizen).
Samsung's Tel Aviv center is the fifth location the company has started so far (with other offices in Korea, San Francisco, New York, and Mountain View). Additional incubation centers will open up later this year.
More information can be found at the link below.