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The
funds will be available to employees, external startups and
established companies if they want to pursue business ideas in
fields that are strategic to Siemens' future, the
trains-to-turbines group said on Tuesday.
Siemens, which was founded in 1847 on the then-new telegraph
technology, is expanding its core strengths in automation and
electrification in new directions to stay at the cutting edge of
the digitization of industry.
It said the first project of its new unit, named "next47" after
the year of the group's founding, would be the previously
announced joint development with Airbus <AIR.PA> of electrically
powered planes.
Other important fields will include autonomous machines,
networked mobility and blockchain applications for the secure
transfer of data in industry and energy trading, the technology
on which cryptocurrencies such as bitcoin are based, it said.
The new unit will come into being on Oct. 1 and will initially
be headed by Siegfried Russwurm, Siemens' chief technology
officer. It will have offices in Berkeley, California, Shanghai,
China and Munich, Germany.
(Reporting by Georgina Prodhan; Editing by Mark Potter)
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