Samsung Electronics unveiled a $100 million seed fund to support innovation in components and subsystems related to its broad product line of televisions, cell phones, computers and other digital devices. The Korean manufacturer also said it plans to increase its corporate venture investing this year
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Samsung Electronics and VC-backed mobile app company Handmark are partnering to form a global venture capital fund that would invest in “market-changing game ideas for next generation Samsung mobile phones.” Each investment would be $250,000. Handmark backers include Apax Partners, Argnor Wireless Ventures,Borealis Ventures, Motorola Ventures and Village Ventures.