Launched in 2013, the Samsung Accelerator provides experienced entrepreneurs with resources, access to Samsung decision-makers and information, and distribution channels to create products and services that can enrich the lives of consumers.
Our CEOs lead their own fast-paced, collaborative teams comprised of engineers, designers, and product managers, while also having access to the benefits of Samsung's scale and reach.
We don't have a formal application process or deadline. Most of our entrepreneurs come to us, and we evaluate candidates on a rolling basis.
The evaluation process involves understanding the entrepreneur's background, previous experience in building companies, product idea, and how Samsung can help realize their unique vision. If you think you might be a fit, please send more information about your experience and product idea to email@example.com.
The current products in development at the Accelerator are in stealth mode. We'll share more once our CEOs have publicly launched their products.
We specifically target entrepreneurs who have effectively built products and led teams, and we work closely with them to tailor a custom Accelerator experience to meet their needs.
Unlike other accelerator or incubator programs, we don't have fixed program durations, nor do we have fixed funding amounts. We understand each product has different timelines and resource requirements, and we work closely with our entrepreneurs to determine what they need to succeed.
We've had incredible interest from the communities in Silicon Valley and NYC and have met with hundreds of qualified individuals and teams. When we find the right cultural fit, we work with those entrepreneurs to determine the timing and resources they'll need to build their concepts and scale their teams.
We are still growing quickly, but at steady state we expect to have 15-20 teams working on their startups in the Accelerator in our New York and Silicon Valley locations. Because we are constantly bringing new entrepreneurs in and exiting others, products are at all levels of maturity ranging from very early stage to more defined and developed.
Our Accelerator companies are working on a variety of new technologies that are rethinking how we use TVs, cameras, mobile phones, home appliances, workplace solutions, and more. We aren't focused on filling gaps in Samsung's portfolio, but are looking for entrepreneurs with unique ideas that solve real problems for consumers and enterprise. We are focused on the US market first, and generally aim to bring products to market in 1-3 years.
Our Accelerator companies get exposure to senior executives at Samsung to discuss various opportunities for integration and distribution. The businesses can either be incorporated into Samsung's future roadmap, if Samsung and the CEOs agree that's the right path, or we work closely with the companies to determine the best independent go-to-market strategy.
We provide PR and marketing support, as well as access to Samsung's product planning and strategy groups to collaborate on deeper partnership or integration opportunities down the road.