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Tuesday September 2, 2014

#Samsung Announces Plans for Accelerator in #Chelsea

Image representing Samsung Electronics as depi...

Image via CrunchBase

As part of it’s battle against Apple, Inc., ¬†Samsung will open an accelerator in Chelsea in June, Crains New York reports. The space will be dedicated to entrepreneurs who want to help Samsung develops products and services that can join together their different devices, from smart phones, to televisions, to laptops.

This Chelsea location will be part of a new division at Samsung called Open Innovation Center, which will have a second location in Palo Alto, California. It will be one part in a four-part strategy that will also include bringing in startups through mergers and acquisitions,having a venture arm to seed startups, and having a team to connect with possible partner startups.

Crains New York