Siemens, a Germany-based engineering and electronics conglomerate, has established a $100m venture capital fund to support startups in very early stages of development.
The Industry of the Future Fund, launched by Siemens’ industry sector division together with the venture capital unit of Siemens Financial Services, aims to invest up to $1m individually in very young startups with promising industrial technologies. The fund is intended to complement Siemens’ existing venture capital funds, which predominantly invest in more mature startups and are…
