Toyota Ventures has launched its third global “call for innovation” as it searches for early stage companies that can help make the factory of the future a reality sooner.
In partnership with Toyota’s Manufacturing Project Innovation Center (MPIC) and Toyota Research Institute (TRI), the 2022 call focuses on finding scalable solutions to modernize manufacturing and advance sustainable production. Qualified entrepreneurs are invited to apply to the call through May 31 for an opportunity to receive between $500,000 and $2 million in venture capital funding from Toyota Ventures.
With more than $500 million in assets under management and more than 50 portfolio companies, Toyota Ventures invests in start-ups worldwide through two flagship funds. The latest solicitation is focused on new ventures developing solutions focused on Industry 4.0 and sustainable manufacturing that meet the following criteria: (1) raised less than $10 million in funding; (2) can demonstrate a working prototype; and (3) have a viable business model that can deliver real value to customers. Specific interests include: (1) 3D simulation; (2) artificial intelligence and computer vision; (3) adaptive robots; (4) additive manufacturing; (5) augmented reality; (6) autonomous mobile robots; (7) carbon footprint reduction; (8) collaborative robots; (9) cybersecurity; (10) data analytics; (11) electrification and battery manufacturing; (12) energy efficiency; and (13) worker training and safety.