By ET Bureau - January 09, 2023 2 Mins Read
TONOMUS Venture Studio launched its activities today with the announcement of a new venture competition focused on the reverse goal. Studio is the construction and risk investment mechanism of TONOMUS, neom’s first subsidiary and a multinational cognitive conglomerate that powers the world’s first ecosystem of cognitive technologies. TONOMUS Venture Studio is tasked with building a portfolio of ventures using Silicon Valley-influenced methodology and guidance. It will also develop global talent capacity and launch a new generation of entrepreneurs.
The Metaverse New Venture Competition is the first in a series of competitions. New venture competitions are a crucial element in Studio’s strategy to foster global entrepreneurship and develop ventures and investments that will nurture the environment, create new ways of living in community, and develop cognitive technologies in a wide range of industries to empower humanity.
Beverly Rider, CEO of TONOMUS Venture Studio, said, “We are at the tip of the iceberg of how we can leverage the goal verse to solve current and future problems. We will need enormous collaboration and ingenuity, ideas and perspectives from everyone, everywhere, a new generation of entrepreneurs, and truly pioneering technologies – some of which have not even been contemplated yet. Entirely new industries are just waiting to be invented – and when they are, we can reveal the promise of the goal back.”
TONOMUS Venture Studio’s series of new risk competitions will feed into the Studio pipeline focused on the cognitive ecosystem, including Web3, hyper connectivity, hyper-scale data centers, computing capability, data privacy, intelligent analytics, AI, robotics, network ing equipment and cloud infrastructure, dual digital technology, gaming, and more.
The TONOMUS New Venture Competition seeks ideas that leverage the reverse goal, seamlessly integrating the physical and virtual in a wide range of sectors: tourism, business training, e-commerce, real estate, construction, arts and culture, entertainment and more. Up to 20 semi-finalist teams will receive expert-led individual training from TONOMUS Venture Studio and up to four winning teams will be invited to a 12-week program to incubate their ideas with TONOMUS Venture Studio. The competition will open your application for registration for six weeks from January 5.
The platform covers e entire enterprise technology space- including emerging technologies like RPA, AI, cloud, automation, and the entire gamut of digital transformation tools, strategies and management decisions.
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