Samsung venture program is grabbing international attention

Samsung Electronics’ in-house venture program drew attention at the International Telecommunication Union (ITU) Telecom World 2017 as it produced three participants.

The annual global telecom fair ended its four-day run in the port city.

The ICT Venture Zone was set up at the Busan Exhibition and Convention Center (BEXCO) and more than 20 startup firms worked diligently to show off their technologies.

Creative Lab (C-Lab) was established at the end of 2012 and is one of Samsung’s primary innovation programs that helps its employees nurture creative business ideas and encourages creative thinking throughout the company.

Hardware company Linkflow, headed by CEO Kim Yong-guk, showcased a 360-degree wearable camera, FITT360 Security. The company was spun off from Samsung in 2016.

The neck-worn item using four high-definition cameras can capture video images offering a first-person view from all angles and the images can be delivered to servers in real time.

The Seoul-based company is targeting the global market as it plans to debut the camera at the Consumer Electronics Show in Las Vegas in 2018 ahead of its mass production.

According to the company, it is the world’s first and only high-performance body-worn camera system that captures all 360 degrees of a scene that could be effectively used during security operations.

“U.S. and British police already carry body cameras, but they can only capture video in front of them,” Kim said.

“The device that is worn around the neck allows the police to shoot videos clearly without any hand shake.”

Lululab, another spinoff from Samsung’s startup project in 2017, also unveiled its personalized beauty internet of things (IoT) skin assistant Lumini.

It analyzes the user’s skin and recommends suitable products and services that work best for each user.

“By displaying Lumini at the ITU Telecom World, where global companies have participated, our technology has gained recognition,” CEO Choe Yong-joon said. “Ahead of its official launch in December, we expect to make business opportunities as a result of being here.”

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