Global giant launches Siemens for Start-ups
The new initiative has three pillars: Connect, Collaborate, and Empower.
Siemens, the global giant that acquired Knoxville-based CTI Molecular Imaging Inc. in 2005, has launched Siemens for Start-ups, a new program to empower early stage engineering and manufacturing ventures.
Announced last week at CES 2025 in Las Vegas, the program will enable new innovative companies to accelerate innovation, streamline development processes, and scale faster by providing venture-related services, while reducing the cost of access to Siemens software and hardware.
“Start-ups are essential to making our customers more competitive, sustainable, and resilient. By collaborating with start-ups, Siemens helps bring breakthrough ideas to industries faster, empowering customers to address global challenges more effectively with cutting-edge technologies, tools, and solutions,” said Peter Koerte, Member of the Managing Board of Siemens AG, Chief Technology Officer, and Chief Strategy Officer.
According to the announcement, Siemens for Start-ups has three pillars:
- Connect: The new program will help onboard start-up companies to the Siemens Xcelerator marketplace, thus providing access to a global go-to-market channel and the Siemens Xcelerator ecosystem.
- Collaborate: As an early customer and co-developer, Siemens will collaborate with leading start-ups through venture clienting. This approach will give Siemens access to cutting-edge capabilities and services and provide start-ups with the early revenue needed for growth.
- Empower: Solutions from the Siemens for Start-ups program will provide participants – whether focused on product development or on software development – with packaged access to essential software tools from Siemens Xcelerator.
More information about the program can be found here.
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