In 2016, Siemens established a new venture unit, next47, aiming to foster the global start-up ecosystem and to develop future Siemens businesses. next 47 is joining forces with Techstars, one of the best start-up accelerators in the world. Through the partnership, next47 will embed Siemens teams in Techstars’ future start-up programs and will act as catalyst between the start-ups and Siemens.