(GERMANY)

Samsung NEXT – the Korean giant’s startup platform – is coming to Europe.

Previously known as the Samsung Global Innovation Center, the formation of the $150 million Samsung NEXT venture capital investment fund was announced in January. Targeting young companies spearheading new innovations in frontier technologies, it “aims to build, grow and scale smart ideas, products and businesses all over the world”.  And today it opened a new hub in Berlin as it prepares to take Europe by storm.

“It has grown quickly, with offices opening in Korea, Silicon Valley, San Francisco, New York, Tel Aviv — and now, at the heart of Europe’s tech scene, in Berlin,” Samsung NEXT said.

And it confirmed, at the Tech Open Air event in Berlin, that it plans to expand into other areas of Europe in the near future.

“Europe’s deep technical talent and the strength of its traditional industries — readied for automation — means exciting times are ahead. And Samsung NEXT aims to become the dedicated partner for European entrepreneurs to build, grow and scale their startups,” the platform’s website states.