By Kim Yoo-chul
Samsung Electronics said Thursday it has been actively transferring its technologies to small and medium enterprises (SMEs) and startups through its Daegu Center for Creative Economy and Innovation (CCEI).
Its programs are prompting startups to innovate the way they conduct business and clinch new deals, it said.
Samsung jointly runs the center with the Ministry of Science, ICT and Future Planning (MSIP).
The company held a press tour of the center for foreign correspondents here Thursday.
"We have active discussions with SMEs for business diversification which is beneficial for them. At the center, we run Creative Lab accelerating programs for startups and SMEs," a Samsung official said. "They are allowed to use some 40,000 Samsung-owned patents."
Since the establishment of the center, Samsung has invested more than 10 billion won and provided financial support for 48 startups.
"We plan to invest 20 billion won in the center by 2019," he said.
Samsung has teamed up with its affiliates, research centers, and regional companies and governments to expand the programs.
One of the noticeable achievements is the latest agreement between local startup TechTrance and Tesla Motors.
The local steel-coating patent holder TechTrance won a "million dollar" business deal with the U.S.-based electric vehicle producer.
The CCEI and Samsung Venture Partners provided 300 million won for the startup to develop pedal pads, one of the key components to be used in electric vehicles.
"TechTrance will supply pedal pads to Tesla Motors over the next seven years with annual shipments reaching about 300,000," an official from TechTrance said.
"We appreciate Samsung's quick and intensive support, helping us beat out Japanese rivals for the Tesla deal," he said.
The design program venture Walnut said Samsung's financial and mentoring support helped boost its sales, which are expected to rise to 1.2 billion won this year from 30 million won last year.
"The Creative Lab program awakened employees to the importance of the business process and implementation," Walnut said. "Also, Samsung's support helped us raise our corporate image in key international markets such as China."
Other local startups with expertise in monitors for medical applications and automotive components are in talks with companies in the United States, Europe and China.
The Samsung-initiated collaborative programs will be expanded to international markets.
Samsung has helped local startups hold investor relations sessions in the APEC region.
A briefing session for SMEs was held in Seoul today. Another session will be held in Daegu on Nov. 24.
"Samsung's technology-sharing program will benefit both SMEs and the company," the company announced. "Samsung is expected to save costs and SMEs can develop their next business models free from financial burden."
Samsung Electronics said Thursday it has been actively transferring its technologies to small and medium enterprises (SMEs) and startups through its Daegu Center for Creative Economy and Innovation (CCEI).
Its programs are prompting startups to innovate the way they conduct business and clinch new deals, it said.
Samsung jointly runs the center with the Ministry of Science, ICT and Future Planning (MSIP).
The company held a press tour of the center for foreign correspondents here Thursday.
"We have active discussions with SMEs for business diversification which is beneficial for them. At the center, we run Creative Lab accelerating programs for startups and SMEs," a Samsung official said. "They are allowed to use some 40,000 Samsung-owned patents."
Since the establishment of the center, Samsung has invested more than 10 billion won and provided financial support for 48 startups.
"We plan to invest 20 billion won in the center by 2019," he said.
Samsung has teamed up with its affiliates, research centers, and regional companies and governments to expand the programs.
One of the noticeable achievements is the latest agreement between local startup TechTrance and Tesla Motors.
The local steel-coating patent holder TechTrance won a "million dollar" business deal with the U.S.-based electric vehicle producer.
The CCEI and Samsung Venture Partners provided 300 million won for the startup to develop pedal pads, one of the key components to be used in electric vehicles.
"TechTrance will supply pedal pads to Tesla Motors over the next seven years with annual shipments reaching about 300,000," an official from TechTrance said.
"We appreciate Samsung's quick and intensive support, helping us beat out Japanese rivals for the Tesla deal," he said.
The design program venture Walnut said Samsung's financial and mentoring support helped boost its sales, which are expected to rise to 1.2 billion won this year from 30 million won last year.
"The Creative Lab program awakened employees to the importance of the business process and implementation," Walnut said. "Also, Samsung's support helped us raise our corporate image in key international markets such as China."
Other local startups with expertise in monitors for medical applications and automotive components are in talks with companies in the United States, Europe and China.
The Samsung-initiated collaborative programs will be expanded to international markets.
Samsung has helped local startups hold investor relations sessions in the APEC region.
A briefing session for SMEs was held in Seoul today. Another session will be held in Daegu on Nov. 24.
"Samsung's technology-sharing program will benefit both SMEs and the company," the company announced. "Samsung is expected to save costs and SMEs can develop their next business models free from financial burden."
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