South Korean tech giant Samsung Electronics on Monday announced to support five startups that were created by company employees as part of the companys C-Lab Inside in-house incubation program.
First startup is Blockbuster, a video editing application that allows content creators to easily apply computer graphics (CG) and 3D effects to videos with their smartphones.
Second is Hyler, it is a smart highlighter that allows analog text to be digitized and transferred to mobile devices.
Third startup is Haxby, a smart study note service that records incorrect answers from workbooks and recommends worksheets based on the learner's ability level, said the company.
Fourth one is SunnyFive, a window-shaped lighting device that produces artificial sunlight. Helps users synthesize vitamin D while they are indoors without having to worry about skin aging or sunburn
Last one is RootSensor - a new type of sensor that records daily UV exposure and utilizes its wide incident angle to minimize detection loss.
Started in December 2012, C-Lab Inside nurtures employees' innovative ideas while instilling a corporate culture in which creativity is at the fore.
"To date, 163 employees have established 45 startups since the inception of the C-Lab programme. Not only have these companies raised $45 million in funding over the years, but their value has more than tripled compared to the time at which they were spun off," the company said.
( With inputs from IANS )