Samsung Has A New $150 Million Startup Fund

Samsung announced a $150 million fund dedicated to startups, providing more ammo for its business development program Samsung NEXT (previously named the Global Innovation Center). Internet of Things and Smart Things will be a major focus.

“The startups we talk with are excited, thrilled, desperate, interested in how to engage with Samsung in a way that allows them to tap into this opportunity,” said Jacopo Lenzi, Samsung NEXT’s senior vice president of business development and M&A. “We can be that bridge between Silicon Valley speak--language, expectations, cultural sensitivities--and the larger company.” Read the full article here.