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next47, that will be launched in October 2016, seeks to partner with innovative minds and turn big ideas into viable businesses. The dynamic next47 team acts as a venture capitalist, coach and advisor to external start-ups, established companies and creative entrepreneurs, including Siemens employees. Its global presence in major tech hubs – including Munich, Silicon Valley, Shanghai and Tel Aviv – positions next47 to shape the futures of Artificial Intelligence, Autonomous Machines, Blockchain Applications, Connected (E-)Mobility and Distributed Electrification worldwide.
Built with an adaptable structure and on the success of already more than 180 partnerships, next47 combines an entrepreneurial environment with independent investment decisions backed by 1 billion Euros in funding for the next five years. While financial strength is paramount, next47 equally aims to inspire and enable its partners to create the next generation of innovation with its OPEN UP! spirit – an invitation to collaborate and create disruptive innovations with freedom and ambition. As a wholly-owned Siemens subsidiary, the best of the industrial leader is also at their fingertips, including access to global markets and customers in more than 200 countries, deep vertical know-how and the expertise of more than 32,000 experienced specialists. Going further, partners can take advantage of worldwide prototyping and manufacturing facilities, a large installed base and intimate customer knowledge.