[Image source] A view of Samsung's Seocho office building. 2024.4.30/News1 © News1 Reporter Lee Dong-hae
Support of 30 million won for each of the 16 finalists... refining ideas with the executive department
Samsung Financial Networks (hereafter “Samsung Finance”) announced on the 29th that it has selected 16 startups that entered the '2024 Samsung Finance C-Lab Outside' (C-Lab Outside) finals.
(Seoul=News1) Insurance Reporter Park Jae-chan = Samsung Financial Networks (hereafter, “Samsung Finance”) announced on the 29th that it has selected 16 startups that entered the '2024 Samsung Finance C-Lab Outside' (C-Lab Outside) finals.
'Samsung Finance C-Lab Outside', which is jointly operated by 4 Samsung Finance companies, including Samsung Life, Fire, Card, and Securities, and Samsung Venture Investment, is a representative open innovation program created by a startup and Samsung Finance practitioners.
Until last year, it operated as a 'Samsung Finance Open Collaboration', but in order to expand 'Samsung Electronics C-Lab Outside' to finance, it will continue to strengthen support and collaboration by changing the name to 'Samsung Finance C-Lab Outside'.
387 startups applied for this competition, which was held under the slogan “Share your vision with Samsung Finance, the new future is in your hands,” and the final 16 companies were selected after screening by financial companies.
In particular, thanks to the release of successful collaboration cases each year, the number of exhibitors this year increased by about 22% compared to the previous year, which led to a high level of participation from startups.
Looking at the issues supported by each financial institution, Samsung Life and Samsung Fire mainly proposed strengthening healthcare services and improving work efficiency through AI services, and Samsung Card and Samsung Securities proposed many ideas to enhance platform competitiveness and expand business areas.
Samsung Life has selected 4 companies: △ GajLab (development of personalized wellness curation technology), Doctor Diary (blood sugar platform development and related products and solution business), 10,000 million (AI-based video generation service), and Impact AI (AI-based demand forecasting and inventory management solution).
Samsung Fire selected 4 companies, including Gogo F&D (mobility AI safe driving solution using IoT sensors), Iris Frontier (AI chatbot development to improve work productivity), Rabbit and Toad (senior daily assistant service 'Tobi'), and Lydia AI (building an optimal AI-based premium model).
Samsung Card has 4 companies including △ Lucent Block ('ownership' of a real estate token securities trading platform), Ernest AI (AI-based risk management and strategic operation solution), △ KRG Group commercial lease rent guarantee solution), and CONNEXO H (development of an alternative credit evaluation model based on e-commerce data), and Samsung Securities has △ Big Value (real estate My Data-based price estimation solution) △ Antock (Promising privately held corporation discovery solution) Four companies were selected, including Genterprise (tax refund and tax automation solution), and 2Digit (AI hyperpersonalized content service solution).
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