RUNWAY's mission is to promote collaboration with technology based companies or academic projects and lead to integration into Samsung products. We are looking to work with any technology company (early to late stage) which develops technologies that can bring value to Samsung’s products and consumers.
During the 6 months the companies are working on a payed POC project and are in an on-going interaction with the R&D and business units in Korea.
The fund does not involve any equity transfer to Samsung. There are no constraints on the fund usage and participating companies may use the fund as they see fit. The fund is split into 3 payments along the program and requires meeting the jointly defined milestones of the POC.
The company's IP and everything they develop in RUNWAY remain in the sole ownership of the company.
Entrepreneurs commit to a jointly agreed 2 steps milestones plan (POC)
(After 3 Months, after 6 months).
The goal after 6 month is to reach a stage that will enable both parties to evaluate further collaboration options.
Innovative projects within the following areas:
Wearable Device and IOT
Augmented Reality / Virtual Reality
Display technologies, Audio technologies
Biometric & m-Health
Neural network processing
Automatic content recognition
System optimization for mobile devices (HW/SW)
Ultra-Thin Optics for mobile devices
Innovative technologies for 3D 360 content
We accept teams of at least 2 people (full time) but we also accepted companies with 100 employees.
RUNWAY is located in the "Holland" building, Europark, Yakum
Each company will receive a dedicated room for its own team. In addition, there is a shared meeting room, lab, video conference room and Cafeteria.
- Receiving applications
- Phone interviews
- Face to face meetings with relevant companies
- Presentations by final candidates to a steering committee from Korea
- Final selection
- Contracts signing & defining POC milestones with selected companies
Stage IV: RUNWAY starting date
We can accommodate up to 15 companies per batch
The program duration is 6 months (can change based on specific POC needs).
Part of the program includes interaction of the companies with the different business units within Samsung. Interaction may include face to face meetings, video conference, conference calls, emails and more.
Korean Culture, doing business in Korea or any other topics that might be raised as a need by the particpants (Legal, Finance,IP, etc) and shall be approved by us.