Siemens opens start-up incubator Next47 in India

Siemens is launching its start-up incubator, Next47, in India with an aim to accelerate efforts to develop and bring to market innovative solutions that create sustainable value for businesses and societies.

Siemens is launching its start-up incubator, Next47, in India with an aim to accelerate efforts to develop and bring to market innovative solutions that create sustainable value for businesses and societies. The company announced the opening of a Next47 office in Bangalore.

“India is a key focus market and plays an important role in our global digitalisation strategy. Research and software development in India coupled with the sharpened focus on start-up innovations through Next47 will actively drive the implementation of cutting-edge technologies. With our unique IoT platform, comprising an advanced technology stack, domain know-how and an inclusive innovation ecosystem, Siemens is well prepared to support India into the digital age,” said Dr. Roland Busch, COO, CTO and Managing Board Member of Siemens AG at Siemens Innovation Day 2019.

Around 4,000 IoT and software experts will collaborate with teams around the world to conceptualise, develop, test and bring-to-market applications in the areas of Smart Urban Infrastructure, Digital Enterprise, Connected Mobility, Future of Energy and Artificial Intelligence. The IoT solutions developed in India will complement the work done at the MindSphere Application Centers, based in Pune, Noida and Gurgaon where software developers, data specialists and engineers work together with Siemens customers to develop digital innovations for data analysis and machine learning.

Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Limited, said, “India needs to harness digitalisation to optimise manufacturing growth. We are seeing an acceleration in interest and demand from customers for our digitalisation portfolio. IoT enabled applications are the need of the hour and will focus on contributing to customers’ efforts to maximise the potential with digitalisation through data insights.”

Siemens Innovation Day 2019 showcased innovative solutions that create sustainable value for businesses and societies. It was a platform for dialogue around output-driven, market-oriented technological and business innovations. Siemens experts from Digital Industries, Smart Infrastructure, Gas and Power, Mobility, Corporate Technology and Next47 also shared the latest innovations, industry trends, and demonstrated how Siemens solutions create value for customers and society.