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Siemens Mobile Acceleration is aiming to foster wireless
start-up companies devoted to mobile technology, mobile applications
and mobile services for GSM/GPRS and UMTS/3G mobile telephony.
Investments will be made in companies at an early stage before
market entry.
The plan is to make at least 10 investments in the current
fiscal year with an initial financial funding of approximately
1.5 million euro or £1 million each. In its first year of
operations Siemens Mobile Acceleration will focus on the UK,
Sweden, Germany, Italy, France, Israel and China.
The total sum of the investment fund is £14 million for the
first 12 months. Investment decisions are based upon a business
idea that shows potential to successfully tap into the wireless
technology, applications and services market that will open
up with the advent of next generation mobile telephony like
UMTS.
Dr. Dietrich Ulmer, CEO of Siemens Mobile Acceleration said:
"Mobile business is still brimming with new opportunities
and potential. Our job is now to spot talent early. "Siemens
Mobile Acceleration is constantly on the lookout for young
innovative start-ups operating in the mobile sector. A good
idea is often not enough - what's needed is continuous coaching,
contacts and capital. Our aim is to provide young and hungry
companies all of these."
Ian Moyes, Managing Director of Siemens Information and Communication
Mobile UK, added: "The market here is very favourable: the
UK is leading Europe in terms of investments in start-up companies
but at the same is lagging behind when it comes to the number
of investments made into start-up companies devoted to wireless
technology. This gap creates a huge potential for Siemens
Mobile Acceleration."
Siemens Mobile Acceleration GmbH is a wholly owned
subsidiary of the Siemens Information and Communications Mobile
Group. Founded in Munich, Germany, in 2001, Siemens Mobile
Acceleration has further offices in Stockholm, Paris, Milan,
as well as in Beijing and Shanghai. More information: www.siemens.com/mobile-acceleration
The Siemens Information and Communication Mobile Group
(IC Mobile) offers the complete range of mobile solutions
including mobile devices, infrastructure and applications.
Devices include mobile phones, wireless modules, mobile organizers
and cordless phones as well as products for wireless home
networks. The infrastructure portfolio includes GSM, GPRS
and 3G mobile network technologies from base stations and
switching systems to intelligent networks, e.g. for prepaid
services. Mobile Applications cover end-to-end solutions for
Messaging, Location Based Services or Mobile Payment. For
the fiscal year 2001 (September 30), IC Mobile recorded sales
of EUR 11.3 billion and employed 30,730 people worldwide.
You can access further information about Siemens IC Mobile
on the Internet at www.siemens-mobile.com
For further information:
Simon Robinson
Phone: +44 1344 850 301
Mobile: + 44 7808 825 882
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