Samsung to support 5 new startups by company workers

Seoul, May 18 (IANS) South Korean tech giant Samsung Electronics on Monday announced to support five startups that were created by company employees as part of the companys C-Lab Inside in-house incubation program.

First startup is Blockbuster, a video editing application that allows content creators to easily apply computer graphics (CG) and 3D effects to videos with their smartphones.

Second is Hyler, it is a smart highlighter that allows analog text to be digitized and transferred to mobile devices.

Third startup is Haxby, a smart study note service that records incorrect answers from workbooks and recommends worksheets based on the learner’s ability level, said the company.

Fourth one is SunnyFive, a window-shaped lighting device that produces artificial sunlight. Helps users synthesize vitamin D while they are indoors without having to worry about skin aging or sunburn

Last one is RootSensor – a new type of sensor that records daily UV exposure and utilizes its wide incident angle to minimize detection loss.

Started in December 2012, C-Lab Inside nurtures employees’ innovative ideas while instilling a corporate culture in which creativity is at the fore.

“To date, 163 employees have established 45 startups since the inception of the C-Lab programme. Not only have these companies raised $45 million in funding over the years, but their value has more than tripled compared to the time at which they were spun off,” the company said.

–IANS

wh/na