Under the Startup Incubation Program 2023, technology startups will collaborate with Samsung to bring innovative ideas to market.
Samsung R&D Institute Bangalore (SRI-B) and Samsung R&D Institute Noida (SRI-N) have launched the Startup Incubation Program 2023, where technology startups will collaborate with Samsung to bring innovative ideas to market.
Samsung India has continuously strived to be India’s true partner, bringing advancement through its innovative technologies. With a strong focus on research and development (R&D) to build meaningful innovations, Samsung Mobile Advance (SMA) 2023 is a Startup Incubation Program, driven by SRI-B.
SMA is a grant funding scheme for new proof-of-concept projects that are specifically tailored to Samsung Mobile technology. This program is not only an opportunity for Indian companies and organizations to gain Samsung’s support in the financial aspect, but the winners will also gain access to technical and project support to develop their ideas into reality. SMA is specifically designed for startups to collaborate with Samsung to gain an opportunity to develop their innovative ideas.
The Samsung Mobile Advance 2023 is an open call for project proposals from Indian companies and organizations, with three rounds of judging, including a Pitch Day event. The winning ideas will receive up to $50,000 in grant funding from Samsung, along with limited technical and project support and loan devices for a period of six months to enable the winning project ideas to be developed.
The proposals will gain exposure to a wide range of Samsung staff that will evaluate the ideas and select those that have the highest potential. After completion of the 6-month program, the developed Proof of Concept projects will be evaluated and considered by Samsung Mobile for further partnership opportunities. The ideas can vary from different technologies, like camera, wearable, sensors, ESG, audio, and more.
With applications closing in March, the pitch day event is scheduled for May, followed by the announcement of selected companies in June, and the commencement of the program in July. The selected companies will be presenting their demos in February 2024.
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