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 in Seoul, Daegu, Gyeongbuk, and Gwangju, to discover new and promising startups.
To take part in this Samsung Electronics C-Lab Outside contest, any company registered in South Korea that is at the investment stage Series B or lower can apply by visiting the official Samsung C Lab website. In addition to the existing qualification conditions, the qualification criteria have been expanded to start-ups that are at the investment stage of Series B or lower starting this year, enabling support not only for start-ups in the early stages but also for start-ups in the full-fledged business expansion stage, as per the official post.
The C-Labs Outside contest is specifically looking for startups that are in the field of AI, Contents & Services, Digital Health, IoT Devices, Mobility, Robotics, Materials & Parts, and ESG. Some new fields are selected that will lead to positive changes in society. Apparently, materials & parts, AI, and digital health fields are the new entrants in this year's contest.
According to Samsung, through C-Lab initiatives, Samsung Electronics has nurtured a total of 866 in-house ventures and startups, which include 391 in-house and 475 outside, to date.
