Samsung's next big thing - born in the USA?
The leading smartphone maker is opening startup accelerators as it seeks to gain an edge over the competition
IDG News Service - Could Samsung's "next big thing" come from the heart of the Big Apple or Silicon Valley?
The smartphone and consumer electronics maker is close to launching an incubator space for startups that are developing software and services for phones, tablet computers and televisions.
Based on Palo Alto's University Avenue and in New York's Chelsea neighborhood, the Samsung Accelerator is on the verge of opening its doors, and the company is already looking for its first round of early stage companies.
"We're looking for bright ideas to build the next next big thing," says a sign that went up this week outside the accelerator's space in Palo Alto.
"We will bring together the people, power and resources to leverage the world's largest device ecosystem and launch product on a massive scale," the sign says. "And we're just getting started. Want to join us? You bring the product vision, we'll bring the rest."
The initial focus of Samsung's investment will be on startups working on communications and productivity software and services, but that could expand later.
Startup accelerators typically provide investment, office space, technical support and other resources in return for a slice of the company and some rights to its product or service.
For Samsung, the company stands to gain unique access to software and services that could help differentiate it from competitors making Android smartphones. The Android phone market is dominated by companies that spend tens or hundreds of millions of dollars on hardware development but comparatively less money on exclusive software.
The company hasn't said much about the accelerator, and on Friday it declined to offer any more details on its plans.
A posting on the @samsungaccel Twitter account said "a sizable number" of applications have been received so far. It also posted a picture from inside the Palo Alto accelerator showing several desks and chairs apparently waiting for occupants.
In Palo Alto, the accelerator will be housed in the historic Varsity Theater, a well-known landmark on the city's leafy University Avenue not far from where companies such as Facebook, Pinterest and Hewlett-Packard got their starts.
The building served as a theater from 1927 until 1994, when it became a Borders bookstore. It's been vacant since Borders went out of business in September 2011 but still carries the bookstore's name. The Samsung Accelerator will be housed on the second floor, and a project is under way to convert the first floor to restaurant space.
The Silicon Valley office is due to open on July 11. A starting date for the New York office is not known.
Martyn Williams covers mobile telecoms, Silicon Valley and general technology breaking news for The IDG News Service. Follow Martyn on Twitter at @martyn_williams. Martyn's e-mail address is email@example.com
- 18 Hot IT Certifications for 2014
- CIOs Opting for IT Contractors Over Hiring Full-Time Staff
- 12 Best Free iOS 7 Holiday Shopping Apps
- For CMOs Big Data Can Lead to Big Profits
- Slideshow: 5 ways to lock down your mobile device
- Slideshow: 10 mistakes companies make after a data breach
- How to rob a bank: A social engineering walk through
- Which smartphone is the most secure?
China says to Chiang Kai-shek all Bitcoins at the door.
China marches long and hard over internal financial institutions, proclaiming that Bitcoins "should not and cannot be used as a currency". The news sent Bitcoin exchanges into a dive like cormorants in the deep China Sea. But all is not lost -- or is it? Bitcoins have been bubbling back to the surface, or has China's stance drained all enthusiasm? In IT Blogwatch, fearless leaders and bloggers quote pearls of wisdom from the little red book of Bitcoin. Not to mention: Financial advice from Whiz and Ice...
- IT Certification Study Tips
- Register for this Computerworld Insider Study Tip guide and gain access to hundreds of premium content articles, cheat sheets, product reviews and more.
- Make or Break: New Auto Products Must Go To Market On Time
- This Webcast quantifies the value of time to market for the auto industry and highlights how Primavera Enterprise Portfolio Management can help organizations.
- Stock Shock: The effect of project and portfolio management on share price
- In this independent report, you'll see the intrinsic connection between long-term capital investment and short term market performance -- and how this can...
- Hedge Your Bets
- This report explains how visibility and increased governance is key to reducing risk.
- In the Firing Line
- CEOs Are Increasingly Being Held Accountable; How susceptible is the CEO's reputation to poor performance across the project portfolio?
- The CISO's Guide To Virtualization Security
- This guide describes the security challenges within virtualized environments and shows how to apply the concepts of Forrester's Zero Trust Model of information... All Financial IT White Papers
- Live Webcast Research Report: The Big Data Opportunity for HR and Finance If CEOs, CFOs, CIOs, and CHROs want to drive their businesses forward, they will need to quickly recognize the enormous value of big...
- Live Webcast The Freedom to Run Your Business Your Way Vendors are challenged to create flexible systems that customers can tailor to particular business strategies and industry needs. But the flexibility should not...
- Live Webcast The Business Value of Human Capital Management for Finance View now >>
- HR and Finance Were made for Each Other View now >>
- The Value of Human Capital for Finance Professionals View now >>
- The Business Value of Human Capital Management for Finance View now >>
- The Freedom to Run Your Business Your Way Vendors are challenged to create flexible systems that customers can tailor to particular business strategies and industry needs. But the flexibility should not...
- Research Report: The Big Data Opportunity for HR and Finance If CEOs, CFOs, CIOs, and CHROs want to drive their businesses forward, they will need to quickly recognize the enormous value of big...
- All Financial IT Webcasts
Computerworld's Best Places to Work in IT 2013 list featured Quicken Loans, Securian, Vanguard and other top finance organizations. Honorees say the distinction helps them recruit top talent and boost staff morale.
Want to join this elite group? Nominate your organization for our 2014 list.