Last week, Samsung announced a new strategy and innovation center with offices in Silicon Valley, Korea and Israel, and a big pot of money to support new companies.
Mobile health is on the company’s list of initial priorities, along with cloud infrastructure, mobile privacy and a human interface for the Internet of Things.
This is a gold mine for healthcare startups. Samsung is not interested in apps or late-stage companies. The company sees more opportunity in hardware and infrastructure. The new $100 million Catalyst Fund will be looking for early stage companies and components and subsystems. Launching later this year, theSamsungCreate Challenge is designed to promote Samsung’s Device Solutions Architecture Platform and will award $10 million in seed investments.”
To read the full, original article click on this link: Samsung’s new innovation fund could help health startups take over the Internet of things | MedCity News
