On July 25, 2023, the South Korean tech giant Samsung Electronics has officially announced a new partnership with Extreme Tech Challenge (XTC), the world’s largest startup competition and ecosystem for entrepreneurs addressing global challenges.
Both companies are up to launch its own startup competition: the Samsung Climate & Circularity Tech Challenge. According to the official information Samsung and XTC have previously announced a competition, focused on circular economy and climate change, seeks to identify new leading solutions.
The company invited participants to showcase ideas that tackle the concept of resource circularity, encompassing not just the processing, sorting, and extraction phases, but also emphasizing climate change innovation, particularly in the measurement, management, reduction, and offsetting of carbon emissions. Exceptional submissions have the potential to be integrated into Samsung’s wide array of products and manufacturing processes.
Those interested in the challenge are able to apply before applications close on July 31, 2023. The result will be announced on August 28, ahead of a live final event on September 18.