With $100 million in initial funding, Siemens has added a new venture capital fund to its Industry Sector and Venture Capital Unit. The fund, known as the Industry of the Future fund, was established to help back start-up technology companies early in their lifecycle. This type of targeting differentiates the Industry of the Future fund from Siemens’ other venture capital funds that focus on what Siemens refers to as “more mature start-ups.”
