Dr. Chenyang Xu
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Located near San Francisco in the heart of the most vibrant venture capital market on earth,TTB Berkeley was founded in 1999. It offers a channel for Siemens sponsors to access world-class high-tech innovations.
Home to research and technology centers for global players, the San Francisco Bay area has drawn in leading high-tech entrepreneurs, innovators, and investors from all corners of the earth, creating an extremely innovative environment.
TTB Berkeley's close proximity to this environment allows it to quickly engage entrepreneurs and innovators to discover emerging technologies and gauge the attractiveness of such opportunities. The high concentration of angel investors and venture capitalists in this area enables TTB Berkeley to discover attractive opportunities and reduce its investment risks by co-investing in prospective start-ups.
TTB China was founded in Shanghai in 2005 to take advantage of the opportunities that the world's fastest-growing market offers, and to leverage the country's potential for cost innovation. China offers not only an exciting environment for inventors, but also the potential of attracting millions of new customers. Opportunities in China have drawn a vast number of innovative companies from all over the world, providing a rich environment for TTB China to scout for new start-up prospects.
Price pressures arising from new and existing competitors emphasize the fact that cost-effective and innovative solutions are critical for long-term success. To strengthen Siemens' portfolio, TTB China is positioned to mine China's innovation know-how and use it to develop cost-effective, groundbreaking solutions that can disrupt existing markets.
TTB Munich is the newest TTB site founded in October 2012. With our new office be up and running we are able to fully leverage the opportunities that arise with a German, and also European, startup-eco system that has grown up and developed into an environment where entrepreneurs, high-tech companies and investors find optimal grounds for world-class innovation.
Vast government subsidiary programs in combination with strong local economies such as the famous German “Mittelstand” have enabled Europe to become a worldwide leader in several industry sectors including healthcare and cleantech. In addition, a dynamical European seed funding infrastructure has led to a vibrant startup scene in Europe that no longer only follows US trends and developments, but has long since started to become a global player in groundbreaking innovations; Berlin being the best example with its 1300 internet startups founded since 2008 being only second to the Silicon Valley in the number of startups per annum. Its central position in Europe together with the high concentration of large companies (including Siemens itself), renowned Universities and venture capital investors make Munich a perfect place for the new TTB head office. From here, we will engage the European innovation scene, leverage our global setup and embark on new business opportunities for Siemens.
10.2010 | Technology-To-Business Center