Samsung sets up new $100 million venture fund in Silicon Valley

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Samsung has set up a new $100 million venture fund and organization in Silicon Valley to support early-stage innovation.

Based in Menlo Park, the new Samsung Strategy and Innovation Center plans to invest in the development of components such as displays and silicon subsystems. The center's Catalyst Fund will focus on supporting "entrepreneurs, academics and artists," said Young Sohn, who heads the new organization. The moves are an effort to address what South Korea-based Samsung sees as a shortfall in the venture capital market, said Sohn. Venture capital firms have shied away from investing in early-stage ideas of late, he said, instead focusing more on late-stage companies.


Samsung sets up new $100 million venture fund in Silicon Valley