Samsung in Israel, opened an incubation center
According to the source, Samsung has opened in Israel, the so-called incubation center. That is the place where to develop some projects of young companies.
The centre is located in tel Aviv and is called just Samsung Next. Each startup that will pass selection and get into the center will be funded in the amount of up to $ 1 million. The source also reports that over the past three years the Korean giant has invested in 18 Israeli startups.
After completion of the work in the center, apparently, will experience their projects to market without the direct support of Samsung. For example, recall the smart belt Welt, which the creators have already raised more than $ 70 000 on the site Kickstarter. Original Welt was a project of the laboratory of Samsung C-Lab.