Samsung has added another $100m to its $1bn venture capital Catalyst Fund.
The $100m will go to funding a Strategy and Innovation Centre (SSIC) in Sand Hills Road – Mecca for Californian VCs – originally announced by Samsung’s Chief Strategic Officer Young Sohn at last October’s Future Horizons IFS 2012 seminar in Bratislava.
Yesterday, Sohn said: "We must reach out to global hot spots and global talent. This is the epicentre of disruptive forces." He plans more SSICs.
Source:
http://www.electronicsweekly.com/Articles/2013/02/05/55502/samsung-invests-100m-in-californian-brainpower.htm
