Samsung Expands Early-Stage Tech Funds to ‘Leapfrog’ Rivals
- Company’s program extends to Tel Aviv in search of software
- Israeli branch is 5th for Samsung’s early-investment project
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Samsung Electronics Co. opened a branch of its early-stage technology investment program in Tel Aviv to better tap into the innovative engineering for which Israel is known.
Investment in individual companies will typically be about $1 million with no limit on the number of beneficiaries or the funding amount, Eyal Miller, Samsung Next Tel Aviv’s general manager and chief executive officer, said at a news conference.