Boxi Home Appliances Recruiting Startups | Co-Expanded Connected Kitchen New Digital Commercial Model

(Munich, June 19, 2018) Digitalization is affecting people's food, clothing, housing, and transportation. Emerging technologies are rapidly becoming the dominant consumer electronics market, rapidly providing consumers with new solutions and improving their quality of life. Important. This is why the Bossi Group and TechStars have jointly launched the “Boshi Future Home Accelerator” project supported by Techstars. Starting July 23, 2018, start-up companies You can use the innovative digital business model to apply for a project. The selected companies will have the opportunity to accelerate the incubation of creative ideas for the future home connected kitchen, and receive mentors, experts and investors from Techstars, a home electronics and technology company. Focus on training and resource network.

Dr. Ou Tengbo, chairman and chief executive officer of Boxi Household Electrical Appliances Group, stated: 'As a company undergoing 'hardware +' transformation, Boxi Home Appliances will strive to become an industry leader in digital kitchen services for connected kitchens. Mode assessment, development, and more growth opportunities will have a crucial impact on the successful implementation of this plan. To do this, we need to acquire new digital capabilities that are not currently available. 'Beginning this year, Bosch Home Appliances was newly established. The digital business unit (DBU) is responsible for this work, and the department will focus on the development of a new digital business model for Bo Xi’s home appliances. With the full promotion of DBU, Bo Xi’s home appliance hopes to quickly identify potential digital business models. And it will be tested and scaled. DBU's work will also include strategic investment in start-ups. The basic concept of DBU is the organizational environment, flexible working methods and entrepreneurial freedom will promote the development of digital business ideas.

Chairman and CEO of Boxi Household Electrical Appliances Group

'Startup companies are squatters in terms of talent, they have new, creative ideas and ideas,' said Mario Pieper, head of the DBU. 'We will be looking for these with Techstars.' Talents, and provide the opportunity to put these creative ideas into practice. Our goal is to quickly train these startups as successful large-scale companies, and also to cultivate potential partners for Bosch Electric Appliances.

Mr. Mario Pieper, head of Bo Xi’s home appliance digitization business department

A three-month 'Future House' incubation

From 2019 to 2021, 10 start-up companies will receive support and guidance from home appliance manufacturers and start-ups incubators annually. The first round of applications will open on July 23, 2018. Companies can log on to www.BSHAccelerator.com to retrieve project-related information and apply for digital home service creation and disruptive technologies for future homes. We will invite ten outstanding companies to participate in Munich, Germany for a three-month period at the beginning of 2019. Accelerate the project. They will work together with the mentors from Techstars of Bosch Home Appliances and Technology to carry out strategic development, advance experimental projects, and improve these business models. 'In the future home, entrepreneurs will complete within 13 weeks. Projects that typically take more than a year to complete, said Mario Pieper, head of the DBU, who said, 'BSH’s home appliance portfolio includes world-famous brands Bosch appliances, Siemens appliances, Gaggenau and Neve, Has become one of the most successful home appliance companies in the world. Our home-connected technology has set new benchmarks in the field of connected kitchens. These start-ups will have the opportunity Our extensive experience, expertise, and learning and benefit from more than one million connected home appliance customers. 'Boshisi Home Appliances will gain forward-looking insights into digital business models and technologies through this project, and will be faster connected kitchens. Digital consumers bring new solutions. At the end of the project, start-ups can also seek financing and cooperation with investors for their business model.

Mr. Tibor Kramer, project leader of 'Bossi Future Home Accelerator'

Strategic Investment Assists in the Future Development of Boxi Home Appliances

“In the past, Bo Xi’s home appliance products have already demonstrated our full understanding of consumer needs. The digital service market has great potential for development. In the future, we must work harder to allow connected solutions to benefit consumers in more ways,” said Dr. Ou Tengbo. To, 'This is why we are systematically transitioning to a 'hardware +' company to launch better home appliances and an ever-growing digital, personalized service. ' Last year, Bosch Home Appliances has completed a story about the Berlin start-up company's kitchen. Acquisition of 65% of shares, and integrated this global food application platform into the home connected ecosystem.

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