Samsung seems to be bent on creating flexible screen displays, and is starting to get creative with how it does the job.

Taking crowdsourcing to the next level, Samsung has launched the Samsung Create: Flexible Future Business Plan Competition, which aims to entice entrepreneurs to create business models surrounding the new technology.

The business model will proposition the display as a realistic and exceptional component. As though the bragging rights of your idea being chosen by Samsung isn't enough, a cash prize of $10,000 for the winning entry may be enough of a push.

Three best ideas will be chosen by a panel of judges, with the second place earning $5,000 and the third place getting a $2,500 reward.

According to Samsung's official Flexible Future Business Plan Contest Web site, application begins at August 29, with the early birds having the chance to get early feedback eligibility if they submit by September 15, so they have a chance to improve on their business plan. The application deadline is on October 6.

Rise of the flip phones--thanks to Samsung

The last time that flip phones made any appearance, it was still at the height of keyboarded phones, when there were only a handful of people enjoying touch screens.

Now, it will be making a comeback, and Samsung is giving a twist to the old design to keep it a par with what is already in the market of smartphones.

After a series of leaks reported by various Web sites, it seems that Samsung's Chinese Web site has officially confirmed the dual-screen phone, now dubbed to be the Samsung Hennessy.

Engadget lists down the different features of the phone, which include a 3.3-inch display, the Android 4.1 OS, a 1.2GHz quad-core CPU, capacitive keys, a 5-megapixel rear camera, dual SIM support, 1500 mAh battery, and a microSD slot.

Compared to most smartphones to date, the Samsung Hennessy doesn't seem to pack better or even standard features, which begs to ask the target market of the said device. Considering that it is a fairly new design in the smartphone industry, the only announcements regarding the market that it is slated to release to is the Chinese market.

Bur when thinking about the phone in the first place, its specs are pretty much mid-range to an almost premium status, but not one that you would consider to be a high-end flagship material.

So just for whom is Samsung building the Hennessy for? And what exactly will it do to the monopolistic design of smartphones in the market?

Tizen's still a go?

After an earlier report stating that Samsung is putting the brakes on the research an development of the Tizen, the OS that will be exclusive to Samsung products to deter from the Google-owned Android, there are now new reports wherein Tizen devices may roll out as early as October this year.

Phone Arena reports that there are Samsung prototypes bearing the Tizen OS which have already surfaced under the name SGH-N055. It seems that the testing is being done with a Japanese carrier, with the actual devices slated to release in five countries.

Whether Samsung is keeping the details close to the vest or if there really aren't that many details to be leaked or reported, nothing is yet known about Tizen, but given that Samsung is trying to tap into the OS battle--now more dominated by iOS and Android--it would have to bring the game level up one more notch for it to even appeal to the market.

And if this is the case, Samsung may even have a chance to go head-to-head with Apple's iPhone 5s or iPhone 6 when it releases later this year--if all goes well for the Tizen devices.

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