Korean tech giant Samsung wants to integrate new technologies produced by Israeli start-ups and tech companies into its mobile devices.
Under the accelerator program, Samsung will provide Israeli start-ups with a grant of $50,000 each and provide technical support to the R&D giant for a period of six months.
Israeli companies applying to promote the Samsung Mobile (SMA) program must create a pilot project that showcases their innovative and mature technologies and how they can complement and differentiate the giant’s mobile technology and software.
Samsung is looking for startups and technical teams in the following areas: camera (optics, algorithms, electronics), energy, audio, on-device AI, metaverse/augmented reality (XR), sensors, foldables, wearables, health, connectivity, environment and sustainability (ESG ) and advanced materials.
The program will run from July 2023 to February 2024, the winner announced in June after a proof of concept (POC) proposal to the Korean development team of Samsung and the Israeli mobile team.
The program is in its second year in Israel. It is also found in the United States, Europe, Canada, China, Japan and India.
The Samsung Group has an R&D center created in Israel in 2007, after the acquisition of the Israeli company TransChip Ltd, which develops chips for mobile cameras.
Samsung Research Israel’s director of open innovation, Lior Yekutieli, explained that “one of the challenges startups and tech companies face is proving the viability of their technology, product or service.”
“Our process begins by identifying companies with suitable technologies and helping them execute a POC with our R&D units in Korea. Funding from the program and working with Korean labs will help companies adapt their existing products and technologies to integrate them into the product line and present the results,” says Yekutieli . “If the results of the POC are good, then we will be able to proceed to a technology agreement, license agreement, investment through the Samsung Investment Fund and more, depending on the needs of both companies.”
“We encourage qualified Israeli cohorts to apply for the program, which is a great opportunity to enter the world’s leading technology companies through one door,” he added.
A program in Israel by Samsung Research Israel (SRIL), which was created to develop and innovate technologies in the Israeli ecosystem. SRIL is looking for suitable Israeli solutions for Samsung’s electronics division and explored options to integrate those technologies into the technology giant. SRIL is also involved in investments in Israeli companies through the Samsung investment group fund.
Via: Times of Israel
