Emerson Announces $ 100 Million Commitment to Enterprise Venture Capital Initiative | National company
ST. LOUIS – (BUSINESS WIRE) – November 4, 2021–
Global technology and engineering leader Emerson (NYSE: EMR) today announced a $ 100 million commitment to Emerson Ventures, its venture capital initiative designed to accelerate innovation by providing rapid access cutting-edge technologies that solve real customer challenges. The investment commitment will advance the development of disruptive discrete automation solutions, environmentally friendly technologies and industrial software in key industries.
âWe see this as more than an investment – it’s about partnering and improving the industries we serve,â said Lal Karsanbhai, President and CEO of Emerson. âWe are committed to supporting and mentoring businesses as we work together to gain strategic insight into emerging technologies, adjacent markets and industry disruptors. It’s a win-win for everyone.
The company aims to invest in four to six startups each year, targeting $ 100 million in investment over five years. A dedicated team will assess opportunities in conjunction with the office of the CEO of Emerson.
For entrepreneurs looking for strategic investors, Emerson’s global network, advanced expertise and market access can serve as a catalyst for a startup’s development. This dedicated funding commitment, coupled with a long-term investment mindset, will also strengthen Emerson Ventures’ ability to co-invest with other leading venture capital firms and other venture capital lines. business, including those of clients.
The investment in Emerson Ventures also supports the company’s continued commitment to accelerate solutions, software and technologies that drive innovation for a greener future.
For more information, visit emerson.com/en-us/about-us/ventures.
Emerson (NYSE: EMR), headquartered in St. Louis, Missouri (US), is a global technology and engineering company providing innovative solutions to customers in the industrial, commercial and residential markets. Our Automation Solutions business helps process manufacturers, both hybrid and discrete, to maximize production, protect personnel and the environment while optimizing their energy and operating costs. Our Commercial and Residential Solutions business helps ensure the comfort and health of people, protect the quality and safety of food, advance energy efficiency and create sustainable infrastructure. For more information, visit Emerson.com.
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KEYWORD: UNITED STATES NORTH AMERICA MISSOURI
INDUSTRY KEYWORD: PROFESSIONAL SERVICES ENGINEERING ENVIRONMENT TECHNOLOGY SOFTWARE MANUFACTURING FINANCE
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PUB: 04/11/2021 06:55 AM / DISC: 04/11/2021 06:55 AM
Copyright Business Wire 2021.