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etventure’s European Innovation Hub acquires new EU project worth EUR 50 million

Berlin, February 18, 2016 – The project, which is coordinated by etventure, focuses on improving IoT standards in Europe, under the heading of “Smart Industries”. The innovation consortia involved will set defining standards for the next generation of the Internet and thus create platforms for innovative IoT solutions that aim to hold their own against international competition.

“This initiative is about creating forward-looking economic policy, developing clear standards, and moving European solutions forward. This includes supporting founders, technology transfer, and the development of a Europe-wide IoT ecosystem – issues that we have united under the European Innovation Hub umbrella,” said Laura Kohler, CEO of European Innovation Hub.

The project is being presented for the first time at the Mobile World Congress in Barcelona. An information event on the IoT-European Platforms Initiative takes place on 23 February at the European Commission’s stand (CS74).

Philipp Depiereux, Founder and CEO of etventure, said: “The Internet of Things is one of the most important drivers of the economy and technology. etventure has been working on IoT projects with corporate clients in Germany since the end of 2014. I am delighted that we can now drive the issue forward across Europe via European Innovation Hub. The transfer and networking of high-value research results and market-ready products is crucial for the success of Europe’s position in the IoT.

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