Samsung is to donate $1,000 to the Canadian Olympic Foundation for every medal Canada wins at Tokyo 2020 ©Getty Images

Samsung, a member of the International Olympic Committee's (IOC) flagship The Olympic Partner (TOP) sponsorship programme, will donate $1,000 (£725.28/€849.19) per medal won by Team Canada at the Tokyo 2020 Olympic Games.

Samsung Electronics Co.'s Canada operations said on Sunday (July 25) it will deliver up to $25,000 (£18,130/€21,220).

David Shoemaker, chief executive and secretary general of the Canadian Olympic Committee (COC) said: "We are thrilled that Samsung Canada has chosen to show its support for Team Canada by investing in Canadian athletes."

Canada has already won four medals at the Tokyo 2020 Olympics. 

Judoka Jessica Klimkait won bronze, while the women’s 4x100 metre freestyle relay team and women's synchronized springboard diving team won silver.

Margaret MacNeil won gold in the 100m butterfly.

Canadian Margaret MacNeil won gold in the 100m butterfly at the Tokyo 2020 Olympic and Paralympic Games ©Getty Images
Canadian Margaret MacNeil won gold in the 100m butterfly at the Tokyo 2020 Olympic and Paralympic Games ©Getty Images

The funding will support the Canadian sport system through the Canadian Olympic Foundation (COF).

Samsung launched the Galaxy S21 Olympic Games Edition to mark Tokyo 2020.

Team Galaxy athletes were also given goodie bags featuring Galaxy products, including the flagship phone.

Samsung is the only South Korean brand among the 15 TOP sponsors.

Samsung started as a local sponsor for the Seoul 1988 Olympics and has been a top sponsor since 1998.