Samsung announced funding for 44 new research projects related to Science and Technologies


Samsung announced funding for 44 new research projects related to Science and Technologies

Samsung Science & Technology Foundation (SSTF) today announced 44 research projects chosen for funding in the first half of 2019, which include research in physics and life sciences, new engineering solution for the clean environment as well as, new projects in Artificial Intelligence (AI).

Established in 2013, this foundation helps the development of basic science, materials engineering, and information technologies, with a total of KRW 1.5 trillion ($1.3 billion) in grants to spent on research projects for 10 years, said Samsung. 

So far the company has provided about KRW 667 billion ($585 million) in funding for 517 research projects from universities and public research institutes in South Korea.

Samsung said the foundation will look to expand support in the areas of future technologies including AI, Internet of Things (IoT) and Fifth Gen network (5G), as well as projects that aim to improve local communities in South Korea.

Our goal is to support building the foundation for future science and technology,” said Seong-Keun Kim, Chairman of Samsung Science & Technology Foundation. “We hope to make a lasting contribution to the society by advancing basic science, bringing innovations and redefining the technology industry.”

For more details of the 1H 2019 project selections, please refer to the original Korean announcement at https://news.samsung.com/kr/?p=391301.