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Seoul (Korea Newswire) October 27, 2009 11:47 AM -- Samsung Electronics, a leader in consumer electronics and information technology, and Handmark?, a world-leading creator and distributor of mobile applications and services, today announced the launch of a new Global Venture Fund to invest in companies and/or individuals with innovative, market-changing game ideas for next generation Samsung mobile phones. Companies and/or individuals selected will receive up to $250,000 each to fund the development of winning ideas.

The fund will be managed by Handmark out of its Kansas City and London offices in partnership with Samsung Electronics. The companies are searching for games that best showcase Samsung mobile phones and the advanced features they offer.Both current and new content ideas are encouraged, taking timing and cost into consideration.

Samsung and Handmark Announce New Global Venture Fund Driving Innovation in Mobile Game Development for Samsung Application Store