Samsung to Invest in Israel for Product Innovation
Samsung Electronics has opened a $100 million fund dedicated to innovative applications of product systems and components of its various digital gadgets. Part of the fund will be directed to projects in Israel.
“We’re going to support early stage entrepreneurs and academia. We want to make sure we’re part of the disruptive forces sweeping the technology industry,” said Samsung Electronics chief strategy officer Young Sohn, according to Globes.
This renewed innovation can impact Samsung products ranging from televisions and mobile phones to computers and more. Some of the money will also be invested in projects in California’s Silicon Valley as well as Cambridge, Mass., and will address cloud infrastructure, human interface and mobile health.