Stuttgart, Germany – The Bosch Group is pushing ahead with the expansion of its cross-company collaborations with startups and – despite the current economic challenges – the number of partnerships has tripled compared to the previous year. The technology and services company is working with young startups on product or technology innovations in more than 300 partnerships. Bosch has now honored its collaborations with Atlatec, a specialist in digital road maps, and Grea Technologies, a provider of logistics software, each with an Open Bosch Award. They receive the award for their exceptional achievements in joint open innovation projects with the Bosch Group. "An open innovation culture is the key to faster solutions in an increasingly complex world," explained Dr. Stefan Hartung, Chairman of the Board of Management of Robert Bosch GmbH. "Start-ups, established companies, and customers all benefit equally from open innovation projects - both business-wise and technologically. They are also an important driver for a competitive economy." At the award ceremony, Hartung emphasized the rising importance of cutting-edge startups because they are increasingly taking on a pioneering role and have important resources such as specialized knowledge at their disposal.
Robert Bosch Venture Capital GmbH (RBVC) is the corporate venture capital company of the Bosch Group, a leading global supplier of technology and services. RBVC invests worldwide in innovative start-up companies at all stages of their development. Its investment activities focus on technology companies working in areas of business of current and future relevance for Bosch, above all, automation and electrification, energy efficiency, enabling technologies, and healthcare systems. RBVC also invests in services and business models that are relevant to the above-mentioned areas of business. Furthermore, RBVC enables co-innovation between Bosch and startup through the Open Bosch Program.
Additional information is available at www.rbvc.com
The Bosch Group is a leading global supplier of technology and services. It employs roughly 421,000 associates worldwide (as of December 31, 2022). The company generated sales of 88.2 billion euros in 2022. Its operations are divided into four business sectors: Mobility, Industrial Technology, Consumer Goods, and Energy and Building Technology. As a leading IoT provider, Bosch offers innovative solutions for smart homes, Industry 4.0, and connected mobility. Bosch is pursuing a vision of mobility that is sustainable, safe, and exciting. It uses its expertise in sensor technology, software, and services, as well as its own IoT cloud, to offer its customers connected, cross-domain solutions from a single source. The Bosch Group’s strategic objective is to facilitate connected living with products and solutions that either contain artificial intelligence (AI) or have been developed or manufactured with its help. Bosch improves quality of life worldwide with products and services that are innovative and spark enthusiasm. In short, Bosch creates technology that is “Invented for life.” The Bosch Group comprises Robert Bosch GmbH and its roughly 470 subsidiary and regional companies in over 60 countries. Including sales and service partners, Bosch’s global manufacturing, engineering, and sales network covers nearly every country in the world. With its more than 400 locations worldwide, the Bosch Group has been carbon neutral since the first quarter of 2020. The basis for the company’s future growth is its innovative strength. At 136 locations across the globe, Bosch employs some 85,500 associates in research and development, of which nearly 44,000 are software engineers.
Additional information is available online at www.bosch.com, www.iot.bosch.com, www.bosch-press.com, www.twitter.com/BoschPress.