• Global technology firm Bosch partners with Fetch.ai to launch a new foundation and commit $100 million to a Web3, AI and IoT grant program.
• Program will provide grants to fund the long-term development of Web3-based solutions and services for the mobility, industrial technology and consumer industries.
• The Fetch.ai Foundation board will feature members from both Bosch and Fetch.ai – aiming to fund specific businesses and companies in the industrial AI space.
Bosch Partners with Fetch.ai
Global technology firm Bosch has partnered with Fetch.ai to launch a new foundation, committing $100 million to a Web3, Artificial Intelligence (AI) and Internet of Things (IoT) grant program.
Goal of Foundation
The initiative aims to fuel industrial adoption of innovative software, AI and Web3 technologies by providing grants that will fund research and development of decentralized technologies for real-world use cases over a three year period.
Fetch.ai Foundation Board
The Fetch.ai Foundation board will feature members from both Bosch and Fetch.ai, looking to fund specific businesses and companies in the industrial AI space – such as those focused on mobility, industrial technology or consumer industries.
Focused on Development Technologies
Bosch is interested in harnessing developing technologies as part of its ongoing endeavor – exploring Web3 technologies alongside providing a host of IoT solutions while aiming to facilitate the development of AI-powered products & appliances..
Partnership Accelerates Innovation
This partnership between Bosch & Fetch accelerates innovation within these areas by setting aside $100 million for grant programs that can help support new ideas & advancements within this space – ultimately creating real world applications using these technologies