Siemens set up a new department, focusing on investing in VR/AR startups

Recently, Siemens announced three new actions on “innovation”: more than 60% of employees' innovative applications have been confirmed, of which 25 projects have received a total of 18 million euros in funding; secondly, Siemens has established in China and Israel. Digital Innovation Center; third, the establishment of an independent innovation business unit next47, and manage billions of euros of funds.

The head of next47, Lak (Lakshmikanth) Ananth, also made his debut in the innovation day. Lak has worked for Hewlett-Packard Enterprise (HPE) and Cisco, and has successfully established a business with extensive experience in high-tech business portfolios.

In an interview, Lak said that the investment form of next47 will be very different from that of Siemens' previous investment department. It has higher freedom, longer investment cycle and wider scope.

Next47 has its own double bottom line principle and will invest based on the overall development of Siemens. Therefore, next47 will not invest in pure consumer products or products that are not related to the company's business, but will focus on artificial intelligence, robotics, automated machines, the Internet of Things, data intelligence, network security, 3D printing manufacturing, VR/AR The hottest area.

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