December 9, 2022
1 min read

Samsung seeks synergy with Indian startups

Samsung said it will also explore funding support to some of these startups to help them further scale their solutions…reports Asian Lite News

Samsung on Thursday invited local startups to collaborate on technologies around the ‘Digital India’ stack, including unified payments interface (UPI), Digilocker, Open Network for Digital Commerce (ONDC), Open Credit Enablement Network (OCEN) and Unified Health Interface (UHI), among others.

The company said that its R&D centres and business units in the country will work closely with these startups to co-build solutions for a specific product or service, that has the potential to be integrated with the company’s product ecosystem.

“We wish to collaborate with startups who have cutting-edge technologies in this space, which, when integrated with the Samsung ecosystem, can transform the lives of people, our consumers,” said Dipesh Shah, Managing Director, Samsung R&D Institute Bangalore.

Startup funding slows but strong core policies will help tide over uncertainties, say experts(IN)

Samsung said it will also explore funding support to some of these startups to help them further scale their solutions.

The company last week held a ‘Startup Collab’ event at the Samsung Opera House in Bengaluru where around 25 startups came together and interacted with Samsung leadership from its R&D centres in Bengaluru and Noida, and its corporate headquarters in Gurugram.

“Co-prosperity is one of our core values and we hope to play our part in enhancing the innovation ecosystem in the country, thereby powering ‘Digital India,'” said Dr Balvinder Singh, Head, Open Innovation Group, Samsung R&D Institute Bangalore.

Samsung’s engineers will also provide these startups with technical mentorship as well as guidance in protecting their intellectual property.

A successful startup currently powers Samsung’s local India app-store where consumers can discover and access their favourite mobile applications in 12 Indian languages.

Another startup has powered ‘Lock Screen Stories’ on Samsung Galaxy smartphones. This feature has close to 30 million daily active users, said the company.

ALSO READ: ‘Cybersecurity resilience key priority for Indian firms’

Previous Story

‘India poised to become world’s AI innovation garage’

Next Story

Funding woes haunt Indian startups

Latest from Business

‘India’s Digital Hub Ascends’

The event also featured discussions on the Quad Partnership for Cable Connectivity and Resilience, reiterating commitments made during the July 1 Quad Foreign Ministers’ Meeting India’s growing role as a key digital

India’s Job Market Surges

With hiring levels on the rise, compensation is expected to increase by 12-15% in metro cities and by 18-22% in emerging cities India’s festive season this year is poised to create more

India Inc Eyes Upswing

Private equity (PE) remained comparatively stable in Q2, clocking 357 deals worth $7.4 billion — the second-highest volume since Q4 2022. However, deal values dipped on a quarter-on-quarter basis due to the

Apple Appoints Sabih Khan as New COO

Khan will take over from Jeff Williams, who is stepping down from the role this month and will retire later this year…reports Asian Lite News Apple has announced that Sabih Khan, an
Go toTop

Don't Miss

Tough time for Samsung

Samsung Electronics could suffer an operating loss of as much

Apple, Samsung lead global tab market

While Samsung is facing a tougher race in the foldable