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Siemens intends to generate further growth in its core areas of electrification, automation and digitalization as well as explore new businesses. Innovations are the key to this effort. For this reason, Siemens will invest around €4.8 billion in research and development (R&D) in the current fiscal year 2016 – some €300 million more than last fiscal year. R&D investment has thus increased about 20 percent since fiscal 2014.
How is Siemens using these funds? Which new technologies are the approximately 32,000 researchers developing at Siemens? And how is the company exploiting the potential of start-ups?
At the press and analyst event scheduled for December 8 in Munich, CEO Joe Kaeser and Chief Technology Officer Siegfried Russwurm discussed the Company's innovation strategy. In addition, the heads of three Siemens Divisions will presented their latest innovation highlights and gave an overview of the Company's current research projects. Five start-ups from Silicon Valley and Europe presented their ideas and explained their working relationship with Siemens.
Short videos and statements from the event were broadcast live via Periscope.
The recordings will be available on demand for 24 hours on Periscope.
The unedited versions of the videos are also available as webcast recordings.
Follow us on Twitter/Periscope: @siemens_press
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Siemens has also honored nine particularly ingenious researchers as Inventors of the Year 2015. The scientists – from Germany, the U.S., the UK and Norway – are together responsible for some 650 inventions and 309 individual patent grants. Siemens has been presenting the Inventors of the Year award annually since 1995 to the organization's outstanding researchers and developers whose inventions have made a major contribution to the company's success.
Member of the Managing Board and Chief Technology Officer
11:30 AM CET