{"id":16779,"date":"2016-11-29T17:07:02","date_gmt":"2016-11-29T16:07:02","guid":{"rendered":"http:\/\/cms.munich-startup.net\/?p=16779"},"modified":"2016-11-29T17:07:02","modified_gmt":"2016-11-29T16:07:02","slug":"bmw-i-ventures-plans-half-a-billion-euro-startup-investments","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/16779\/bmw-i-ventures-plans-half-a-billion-euro-startup-investments\/","title":{"rendered":"BMW i Ventures plans half a billion euros in startup investments"},"content":{"rendered":"

BMW has long been collaborating with startups in its search for innovations. Now the Munich-based global corporation is massively increasing its venture fund.<\/strong><\/p>\n

The automotive industry is undergoing a transformation: Cars are becoming digital and connected, the electric car (likely) belongs to the future, and autonomous driving is no longer a utopia. In the wake of these radical changes, new competitors are entering the market. Automakers have responded by developing their own channels to bring innovations from the startup scene into their own companies.<\/p>\n

For this purpose, BMW maintains its Startup Garage<\/a><\/strong> and turns innovative startups into suppliers. The Munich-based company also invests with its VC fund BMW i Ventures<\/strong> Since 2011, the fund has invested in 15 startups from New York City. The fund initially has a volume of $100 million.<\/p>\n

Fivefold volume and move to the Valley<\/h3>\n

Now BMW is increasing its VC fund and wants to invest up to a half a billion euros<\/strong> invest in startups. BMW i Ventures is also relocating its headquarters to California Mountain View<\/strong> in Silicon Valley. Google and its parent company Alphabet are also based there.<\/p>\n

"The mobility of the future and our industry will be determined by ever-accelerating technological change. Those who want to be successful must shape this change and have access to the best ideas."<\/p><\/blockquote>\n

says BMW board member Klaus Fr\u00f6hlich. <\/strong>Board colleague Peter Schwarzenbauer <\/strong>explained:<\/p>\n

"Innovations today increasingly come from the startup scene. Venturing allows us to tap into this potential at an early stage."<\/p><\/blockquote>\n

Schwarzenbauer also announced that he would expand his venture activities in Europe.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

BMW has long been collaborating with startups in its search for innovations. Now the Munich-based global corporation is massively increasing its venture capital fund. The automotive industry is undergoing a transformation: cars are becoming digital and connected, the electric car (probably) belongs to the future, and autonomous driving is no longer a utopia. In the wake of radical...<\/p>","protected":false},"author":26,"featured_media":16780,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5638,1],"tags":[149,2188],"acf":[],"yoast_head":"\nBMW i Ventures plant halbe Milliarde Euro Startup-Investments - Munich Startup<\/title>\n<meta name=\"description\" content=\"Der M\u00fcnchner Weltkonzern kooperiert auf der Suche nach Innovationen schon l\u00e4nger mit Startups. Jetzt stockt BMW seinen Fonds BMW i Ventures massiv auf.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cms.munich-startup.net\/en\/16779\/bmw-i-ventures-plans-half-a-billion-euro-startup-investments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BMW i Ventures plant halbe Milliarde Euro Startup-Investments - Munich Startup\" \/>\n<meta property=\"og:description\" content=\"Der M\u00fcnchner Weltkonzern kooperiert auf der Suche nach Innovationen schon l\u00e4nger mit Startups. 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