Miele Venture Capital set up for cooperation with start-up companies

(Christian Kluge, Peter Hubinger, Gernot Trettenbrein) German Miele, a company that has been among the leaders in the areas focused on future such as Smart Home and Industry 4.0 for decades, has set up a new business unit - Miele Venture Capital GmbH, so this way Miele group will be able to concentrate its projects and cooperates with start-up companies.

As the company announced, innovative business models in the field of electrical home appliances, business or medical environment, fit into existing Miele business policy, having in mind the fact that the company is now strengthening its support for new businesses with advanced ideas and technologies.

Thematically, Miele Venture Capital GmbH focuses on finding creative solutions compatible with Miele products, services, values, and business models and production processes. The forms of cooperation will move from joint development projects or support to management through direct equity stakes, according to a company statement.