Schneider Electric has unveiled “Schneider Electric Ventures”, which identifies, nurtures and supports innovations contributing to future sustainability and energy efficiency.
Schneider Electric Ventures supports innovation through funding, incubation and partnerships.
The firm has committed to invest between 300 and 500 million euros in incubation projects, partnerships with entrepreneurs, and specialised funds in the coming years.
Heriberto Diarte, Schneider Electric’s Head of Open Innovation and Ventures, said: “The investments we’ve made and the companies we’ve incubated so far are central to Schneider Electric’s vision for the future.
“These innovative technologies and services we are investing in will make a huge contribution to creating a world that is more connected, greener, efficient and sustainable.”
Some major projects developed by Schneider Electric Ventures include:
eIQ Mobility, a start-up which enables and accelerates electric mobility at scale by providing “Electric Fleet as a Service ” to large commercial fleets.
Clipsal Solar, a business venture for on-grid and off-grid solutions for residential and commercial applications in Australia, where 1.8 million homeowners have installed solar panels to help manage their energy bills. The market is forecasted to grow with additional 134,000 homes by 2021.
Greentown Labs Bold Ideas Challenge in partnership with Greentown Labs, focused on fast-tracking entrepreneurs with the mentors, team members, grants of $25,000 and business and technical resources they need to launch successful ventures.
“Schneider Electric Ventures is our way of helping innovators turn their vision into reality and make a real difference to the way we live and work,” said Schneider Electric Chairman and CEO Jean-Pascal Tricoire, at the Innovation Summit North America.