Samsung Electronics will support five startups that were created by Samsung employees as part of the company’s C-Lab Inside in-house incubation program.
The five new startups include: Blockbuster, Hyler, Haxby, SunnyFive and RootSensor.
Blockbuster is a video editing application that allows content creators to easily apply computer graphics (CG) and 3D effects to videos with their smartphones.
Hyler is a smart highlighter that allows analog text to be digitized and transferred to mobile devices. Haxby is a smart study note service that records incorrect answers from workbooks and recommends worksheets based on the learner’s ability level.
SunnyFive is a window-shaped lighting device that produces artificial sunlight, allowing the user to enjoy the full spectrum of light produced by the sun’s natural passage through the sky during the day.
RootSensor is a new type of sensor that records daily UV exposure and utilizes its wide incident angle to minimize detection loss.
The C-Lab spin-off program provides startups with the investment and business consulting needed to help them grow. Samsung also provides a five-year window during which employees who launch startups can return to their jobs if their endeavors prove unsuccessful, meaning that individuals can embark on their entrepreneurial projects without having to fear that they are risking their careers.
“Including these five companies, a total of 45 C-Lab alumni startups have been created as a result of the C-Lab program,” said Inkuk Hahn, Vice President and Head of the Creativity & Innovation Center at Samsung Electronics.
“These results illustrate Samsung’s commitment to investing in employee-driven innovation and promoting the South Korean startup ecosystem. Going forward, we will continue working to unlock Samsung employees’ potential for creative innovation while encouraging the entrepreneurial spirit,” added Hahn.