Each year, more than 2,000 startups are researched. Only about 100 companies are on the shortlist, and finally 6 to 10 companies are selected for investment. Bosch Ventures Co., Ltd. is constantly selecting new technologies and business models to supplement Bosch's current product line technology or business.
To this day, Bosch Venture Capital Co., Ltd., which is part of the Bosch Group, has gone through ten years. In the past 10 years, Bosch Venture Capital Co., Ltd. has successfully invested in a series of technology start-ups with a total investment of 15 million Euros.
Providing knowledge, connections, technology to startups
Ten years of investment, ten years of innovation! As a leading global technology and service provider, Bosch provides expertise and networking for newly established start-ups. In addition to seeking a healthy return on investment, Bosch Ventures also actively assists startups. Develop new technologies.
In this respect, the Bosch Group's investment strategy focuses on complementing Bosch's current product line technology or business model that matches Bosch's business strategy.
Dr. Volkmar Denner, Chairman of the Board of Directors of Robert Bosch GmbH, said: 'Bosch Venture Capital Ltd. has established a partnership with major institutional venture capital firms. Our venture capital division is a start-up Providing valuable connections and making a significant contribution to enhancing Bosch's culture of innovation and flexibility.'
Every year, Bosch Venture Capital's expert team reviews new technologies and business models from more than 2,000 startups around the world, and only about one hundred have entered the shortlist.
Philipp Rose, General Manager of Bosch Ventures, said: 'We select 6 to 10 companies each year to invest. We only focus on and invest in the most promising companies, and the strict screening and screening process is consistent with this strategy. It is the same as other institutional venture capital firms. But for us, even if some start-ups are ultimately unsuccessful, communication with these companies will benefit a lot, because this subtle ambiguity expands Bosch's innovation potential.'
Bosch Ventures Ltd. often bridges the gap between start-ups and Bosch's business units. As a result, these start-ups may eventually become Bosch suppliers, technology partners, and even customers.
This 'open innovation' approach selectively incorporates external partners into the company's own innovation process, and each party can benefit from each other's experience and technology. Bosch Ventures offers more than just venture capital. This business model has produced more win-win situations.
'In addition to funding, we also provide expertise and operational support, which allows us to participate directly in the entrepreneurial process,' added Philipp Rose. 'So, we can be earlier than those that adopt open innovation. Discover new trends and new opportunities.
Autopilot, artificial intelligence project prospects
'Bosch Venture Capital Co., Ltd. will continue to expand the scope and strength of investment for innovative start-ups, hoping to continue to succeed in venture capital.' Dr. Dunard said, 'At present, we believe that investment projects with better prospects include promoting automation. Driving development and system projects based on artificial intelligence development. 'The subsidiary of Bosch Venture Capital manages a total of more than 300 million euros.
Bosch currently invests in more than 35 pioneering technology start-ups from around the world. The internationalization strategy and layout have established a clear strategic advantage for the Bosch Group in the global revolutionary innovation revolution.
'We are technology investors. Because of this, we often discuss highly complex technologies with start-ups,' said Dr. Ingo Ramesohl, Executive Director of Bosch Ventures, 'We are also prepared to take on the financial risks of investing in such technologies.'
This has been demonstrated by the success of the past decade. The current portfolio includes companies thriving in blockchain technology, the Internet of Things, machine learning and semiconductor development, such as the British processor company Graphcore, which produces machines for accelerated machine learning. Artificial intelligence component; and the Berlin startup IOTA, which is developing a cryptocurrency for IoT payments, which can be used at electric vehicle charging stations. Both business models are for the Bosch Group product portfolio and business. The supplement, and both reflect the long-term positioning of Bosch Venture Capital Co., Ltd. investment strategy.
The past decade has also confirmed some successful divestment initiatives, including image processor manufacturer Movidius, which was taken over by Intel, and GreenPeak, a wireless system hardware and application software developer acquired by semiconductor manufacturer Qorvo.
China opens a branch to seize the most dynamic market
'China is one of the most dynamic markets in the world. The establishment of a venture capital branch in Shanghai, China has further consolidated the layout and development of Bosch in China.' Dr. Ramesohl said, 'China has emerged almost every day with many new technology innovation companies. They provide a variety of innovative and interesting products and services to the market. Setting up a branch directly in the local area allows Bosch to participate more actively in China's booming entrepreneurial activities.
Based on a solid business foundation in China, Bosch Ventures has established a branch in Shanghai, hoping to become a leading investor in China's technology sector. In the future, Bosch Ventures will focus on artificial intelligence, Internet of Things, autonomous driving, enhancement and virtual reality. And start-ups in the field of blockchain technology.
Long before the establishment of the Shanghai branch, Bosch Venture Capital has made five investments in China through the German head office. Thanks to its organizational structure, Bosch Venture Capital Co., Ltd. is one of the few companies that can directly invest in RMB. One of the foreign investment companies.
Bosch Venture Capital currently has branches in five regions around the world, including Shanghai, China. From the perspective of the company's long-term planning, it is directly involved in venture capital in major global technology focus areas, especially in Silicon Valley and Israel. For venture capital companies is crucial.