A Flexible Display Business Idea Can Fetch You $10,000 From Samsung

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A Flexible Display Business Idea Can Fetch You $10,000 From Samsung

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Samsung is looking for business models that revolve around flexible displays as a core value proposition as well as “exceptional design, realistic hardware assumptions and a viable business plan.” 

The effort, called Samsung Create: Flexible Future Business Plan Competition, is basically a competition to get entrepreneurs creating startups around flexible display technologies.

Winners will receive cash prizes ranging between $2,500 and $10,000, with entries scored on how improved the flexi display is to the product concept, and the viability of the business plan behind it.

Samsung is not asking you to make assumptions on what your idea would cost. Instead, they want you to figure out what value your business plan creates and compute how much you could pay for flexible displays to make your business plan commercially viable. 

Teams can draw up plans for devices measuring between one and 20 inches, with a maximum full-HD resolution of 1920×1080. However, entrants have been informed that only “non-confidential information” may be submitted.

Samsung stipulates that teams won’t get any kind of firm details about when they might actually be able to get any prototype components should their idea be feasible enough to become real, nor will the company reveal anything around component pricing with regards to flexible displays to participating teams.

“Samsung is continuously innovating, and may develop information that is similar to materials submitted in this contest, so only non-confidential information should be submitted,” read a disclaimer.

Users can enter the contest via its official website. Samsung has not specified when prototype versions of the winning entries will be developed.

[Image Credit : © PA Images / Jae C. Hong/AP]

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Shivaank Rana
iGyaan's Carlos Santana! Shivaank loves Apple products! He stays up to date with the latest happenings of the tech world and gets his hands dirty with the latest Gadgets! Follow Him on Google Plus : Google+