If a technology innovation has the portential to impact Siemens global business, then the Technology-to-Business Center (TTB) has the know-how, business development, experiences, and resources to make it a success.
How does it work?
We identify innovative people and raw technologies outside Siemens, so-called “open market innovations,” and offer flexible ways to work with entrepreneurs or nascent start-up companies. We also develop raw technologies into viable product innovations with the support of Siemens business domain expertise. Prototypes of product innovations are then built that validate the business opportunities they represent using Siemens’ marketing strength and customer base. Our ultimate mission: to support Siemens business groups to further develop prototypes into new Siemens products or to work with start-ups as suppliers, customers and partners.
The results
Since its inception in 1999, TTB has proven that its model works with a successful track record:
- 15 technology innovations have been successfully transferred to Siemens businesses. For example, SCALANCE W and TD 200C
- 10 start-ups co-founded or seed-funded by TTB and received external financing. These companies continue to work with Siemens in various partner relationships.
