Bosch is investing in its future fields of business
With a goal of launching 20 new ventures by 2030, Bosch is expanding beyond its core business to build the technologies and companies of tomorrow.
Bosch is investing around €200 million over the next five years into its subsidiary, Bosch Business Innovations, to develop new business ideas and build deep tech start-ups beyond its current core business. This initiative aims to systematically bring new ventures to market maturity, establishing new leading business models for the company.
As corporate venture builder, Bosch Business Innovations combines Bosch’s technological expertise and patent strength with the speed and agility of the start-up world through a partnership-based model. Initial investment focus areas include software-driven manufacturing, remote health monitoring, and technologies for carbon capture, utilization, and storage. The goal is to have 20 successful startups operational by 2030.
This move establishes Bosch Business Innovations as another key pillar of innovation at Bosch.
Read the full press information here.