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Siemens Mobile Acceleration expands in Greater China
- Taiwan targeted in
the search for innovative wireless start-ups
After the successful entry of Siemens Mobile Acceleration into mainland
China, the geographical scope will now be extended to cover the Greater
China region. The subsidiary of Siemens Mobile is targeting Taiwanese
start-ups involved in developing mobile technologies, applications and
services.
Following its claim "Speed up your mobile business ideas," Siemens Mobile
Acceleration invests in early stage start-ups prior to market entry. At an
average of
1 million euro is the commitment to each venture in return for a minority
stake in the company. Besides venture capital, the support offered by
Siemens Mobile Acceleration include continuous coaching by senior management
consultants and access to Siemens' worldwide R&D facilities and sales
network with a customer base of 150 telecom operators. In the last twelve
months, Siemens Mobile Acceleration has evaluated more than 1400 business
proposals and invested in eight start-ups.
"We are following a global strategy for our activities, looking for
cutting-edge wireless technologies and promising mobile business ideas in
all regions and countries of the world," said Dr. Dietrich Ulmer, CEO of
Siemens Mobile Acceleration. "Taiwan has a vibrant mobile ecosystem. Handset
and network vendors have outsourced production and software development to
Taiwan for years. The Taiwanese penetration rate of cellular phones is
among the highest in the world, and a fiercely competitive market prompts
operators to push mobile data services in order to generate new revenue
streams from their subscribers. These factors create an environment
conducive for small companies to develop, test, and refine mobile
technologies and applications which can be commercialized throughout the
Greater China region. Therefore it is vital for us to step up our activities
in this market. We consider Taiwan a fruitful field for ideas and deals and
intensive talks are under way. Therefore we hope to announce our first
investment here sometime in the next couple of months."
Siemens Mobile Acceleration GmbH is a wholly-owned subsidiary of Siemens
Information and Communications Mobile, the wireless division of Siemens.
Founded in Munich, Germany, in 2001, Siemens Mobile Acceleration is
represented in Stockholm, Sweden, Paris, France, Milan, Italy, London, UK,
Dublin, Ireland, and in Beijing and Shanghai, PR China. The opening of a
branch office in the U.S. is planned for the end of this year.
For more information please visit:
http://www.siemens.com/mobile-acceleration
The Siemens Information and Communication Mobile Group (Siemens 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 fiscal 2002 (September 30), Siemens mobile recorded sales of
EUR 11 billion and employed approximately 28.600 people worldwide.
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