Samsung Electronics is expanding the geography of the Samsung Startup Membership (SSM) program. For this purpose, the company has entered into a partnership agreement with the Prototron Foundation, which specialises in financing prototype solutions from various fields, commercialising inventions, and launching innovative businesses.
Technology-related ideas
In October 2019, the Prototron will organise an autumn round – a contest of ideas. The best ideas will receive funding from the partners of the program to create a prototype, access to the educational base of partners in the chosen direction of development and consulting support. For each round, Samsung will allocate 10,000 euros for technology-related ideas, and will assist startups in finding customers, investors, and testing opportunities. The winners of the round will become participants of the Samsung Startup Membership programme.
Ideas for participation in the autumn round of Prototron 2019 are accepted till October 15, 2019 inclusive. Both individuals and companies from different fields can participate in the selection. The winners of the round will be announced on December 1.
Great potential
“We are pleased to become partners of a reputable and successful foundation and support promising ideas of entrepreneurs from Estonia. By expanding the geography of the Samsung Startup Membership program, we are contributing to the further development of the global digital economy,” – said Jin Wook Lee, vice president of Samsung Electronics and CEO of Samsung Research Russia.
“We are very glad that such a large international company as Samsung sees great potential in Estonian technological talents and is ready to share its experience and competence. Samsung’s appreciation will be an important quality mark for the teams and ideas that this corporation will support,” – said Jana Pavlenkova, CEO of Prototron.
The Prototron Foundation was established 2012 by Swedbank, Tallinn science Park Tehnopol and Tallinn University of Technology to support startups in entering the world market.
