Samsung Opens It's Accelerator!!!!!!!

On July 11th, 2013 Samsung opened the doors of its latest digs: a startup and entrepreneurship incubator/accelerator located on University Avenue in Palo Alto, the incubator is housed in the historic Varsity movie theatre.  That's right Samsung has an Accelerator!!!


As part of Samsung’s Open Innovation Center division. There will also be a New York incubator come September. Next, the company may open incubators in other tech hubs such as Austin, Boston, Russia, and Israel.


The Samsung Ventures America Fund is a $1 billion fund separate from Samsung’s $1 billion in assets under management through Samsung Ventures investments. The company also established a separate $100 million Samsung Catalyst Fund to invest in global innovation.

Samsung announced, it would be opening a new Samsung Strategy and Innovation Center in Menlo Park, a relative stone’s throw away from the accelerator in Palo Alto.

Here are some pictures from the night:

Here are a  few Vine videos from the night: