Lee said, “The future starts from a dream. Let’s continuously make opportunities,” during his meeting with employees at the C-Lab incubation program. Since 2012, Samsung has been offering a chance to its employees to launch their own startups and use their creative ideas. So far, more than 160 Samsung employees have launched 45 startups. The program also offers a chance for employees to come back and work for Samsung if their startup idea fails.
Since 2018, the South Korean tech giant expanded its C-Lab program to include outside startups. It funds startups, too, and helps those startups seek outside funds as well. The company also showcases products and technologies developed by C-Lab startups during trade shows and exhibitions. Recently, it announced support for five new startups and showcased their products.
Lee has been in talks with high-level executives of various business arms of Samsung Group and planning future strategies. His meetings with senior executives have increased since the COVID-19 pandemic and trade tensions between China and the US. The company also stands a chance to improve its business and market share in India due to the ongoing anti-China sentiments.
