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SVC’s goal is to identify and finance investments in emerging and innovative technologies and market opportunities to enhance the core business scope of Siemens and create attractive returns on the capital invested. The investment focus covers critical infrastructure technologies in the field of information and communications, medical solutions, automation and control, power, automotive technology, transportation systems, and lighting.
From June 2006, Mr. Rajesh Vakil will handle all venture capital related inquiries in India, working out of Mumbai and Bangalore, India. “We are actively looking for interesting deals that fall within our Asian investment focus. Our plan is to close at least two to three deals in India and China within the next 12 months,” says Dr. Ralf Schnell, President and CEO of Siemens Venture Capital.
“The high-tech industry in India combined with Siemens’ worldwide presence and resources is a winning combination. With our local presence, penetration into the local venture capital and startup community will be closer and more effective. The emerging venture capital network will help to achieve a good level of deal flow quickly and thus identify attractive new technology startups alongside our existing investments. The decision to increase venture capital activities in the heart of the emerging high-tech markets is a significant step forward and will help to support the Siemens global network of innovation,” Dr. Ralf Schnell explains.
Mr. Juergen Schubert, Managing Director of Siemens Ltd. India, confirms: “Innovation is the lifeblood of Siemens AG’s global success over the last 158 years. In India Siemens has driven innovation across the entire value chain of our business portfolio. Research needs to be carried out where science and technology are vibrant. India has tremendous R&D strengths including talented manpower. It is also an emerging market with tens of thousands of young and highly qualified entrepreneurs, who have brilliant ideas and are looking for business partners. Which is why, through its venture capital activities, Siemens will actively support new business opportunities in order to leverage this vast potential to the fullest. In turn, this will significantly enrich our innovative competitiveness across the globe.”
By leveraging the global power and resources of Siemens, SVC offers entrepreneurs
a greater market presence through access to Siemens sales channels worldwide,
enhanced credibility through the endorsement of one of the world’s leading technology companies, and
expert input and feedback on technologies, markets and customer requirements.
About Siemens Venture Capital:
Siemens Venture Capital (SVC) is the 700 million euro corporate venture organization for Siemens AG, one of the largest global electronics and engineering companies, with reported worldwide sales of 75.4 billion euros in fiscal 2005. SVC’s goal is to identify and fund investments in emerging and innovative technologies that will enhance the core business scope of Siemens, particularly in information and communications, medical solutions, automation and control, power, automotive technology and transportation systems, and lighting.
To date, SVC has invested some 700 million euros in well over 100 startup companies and 30 venture capital funds, mainly in the U.S., Europe and Israel, thus playing a key role in the global network of innovation. SVC is located in Germany (Munich), in the U.S. (San José, CA and Boston, MA), in China (Beijing and Shanghai), in India (Mumbai and Bangalore), and is active through Siemens´ regional unit in Isarel.
SVC is part of a greater network at Siemens whose mission is to drive technological innovation by supporting startup companies. In addition to Siemens Venture Capital, Siemens Technology Accelerator and Siemens Technology-To-Business Center also contribute to Siemens’ innovation strategy. Their individual mandates are defined according to financing stages and industry focus. More information can be found at: www.siemensventurecapital.com
Siemens (Berlin and Munich) is a global powerhouse in electrical engineering and electronics. The company has around 461,000 employees working to develop and manufacture products, design and install complex systems and projects, and tailor a wide range of services for individual requirements. Siemens provides innovative technologies and comprehensive know-how to benefit customers in 190 countries. Founded more than 155 years ago, the company focuses on the areas of Information
and Communications, Automation and Control, Power, Transportation, Medical, and Lighting. In fiscal 2005 (ended September 30), Siemens had sales from continuing operations of €75.4 billion and net income of €3.058 billion. Further information is available on the Internet at: www.siemens.com
About Siemens in India
Siemens Ltd is the flagship of the Siemens Group in India. The Siemens Group is a leading provider of industry and infrastructure solutions in India with a business volume aggregating about Rs 5400 crores. It operates in the core business segments of Energy, Industry and Buildings, Information Technology, Communication, Transportation, Healthcare and Lighting. It has a nation-wide Sales and Service network, 15 manufacturing plants, some 500 strong network of channel partners and through its 11 Companies, the Siemens Group employs over 12,000 people.
Any statements in this document that are not historical facts are forward-looking statements that involve risks and uncertainties; actual results may differ from the forward-looking statements. Siemens AG undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.