Samsung’s new innovation fund could help health startups take over the Internet of things [Video]

Last week, Samsung announced a new strategy and innovation center with offices in Silicon Valley, Korea and Israel, and a big pot of money to support new companies.

Mobile health is on the company’s list of initial priorities, along with cloud infrastructure, mobile privacy and a human interface for the Internet of Things.

This is a gold mine for healthcare startups. Samsung is not interested in apps or late-stage companies. The company sees more opportunity in hardware and infrastructure. The new $100 million Catalyst Fund will be looking for early stage companies and components and subsystems. Launching later this year, the SamsungCreate Challenge is designed to promote Samsung’s Device Solutions Architecture Platform and will award $10 million in seed investments.”

Maybe we need a healthcare chip for our phones. Samsung could reverse the “collecting data without telling you trend” and give the consumer complete control over all the data in this chip. There would be no “we collect it for free in …