Hexagon’s Manufacturing Intelligence division, which provides engineering, production and quality technology and services to the world’s biggest and most innovative manufacturing leaders around the world, from Audi to Boeing to Zimmer Biomet, has announced a revolutionary take on supporting start-ups.
Launched today, the open innovation platform Sixth Sense will bring together start-ups and industry-leading companies to create transformative solutions that benefit everyone. It promotes sharing resources, data and ideas to fast-track progress and solve real-world problems which address some of humanity’s greatest challenges, such as the journey to net zero. The challenge areas include Sustainability, Big Data, Machine Learning, Artificial Intelligence, Sensors and Robotics.
Sixth Sense’s first themed challenge – Artificial Intelligence (AI) for sustainable Smart Manufacturing – encompasses all these areas and is also accepting dedicated applications, with start-ups encouraged to register their interest for future themed challenges and events.
Parth Joshi, Chief Product and Technology Officer of Hexagon’s Manufacturing Intelligence division, said: “We are searching for intelligent, efficient solutions that will not only enhance performance, but benefit people and the planet. Industry 4.0 is evolving and pushing to solve complex challenges, but the catch is that you cannot solve big problems without solving lots of little ones at each step with innovation.”
The 10 most innovative proposals will be chosen for an intensive innovate-on-the-job scaling programme, supported by Hexagon, key clients and world-leading mentors. Three final concepts will be offered opportunities to globalise and scale their business as commercial joint ventures.
Milan Kocić, Head of Sixth Sense for Hexagon’s Manufacturing Intelligence division, said: “Sixth Sense will build a bridge between small businesses and larger manufacturers; helping overcome start-ups’ challenges with scaling, while simultaneously meeting the industry’s need for new ideas.”
The platform has already partnered with a number of promising young companies, and is founded on the principle that diversity is fundamental to innovation and establishing such a thriving open ecosystem.
The selection criteria for Sixth Sense include:
- $1m or less in revenue
- 1-5 years in existence
- Post seed, Series A, Series A+
- Proven traction and product-market fit
- Propensity to scale
Preferred qualities:
- Validation of investment from third party
- IP & licenses
About Hexagon
Hexagon is a global leader in digital reality solutions, combining sensor, software and autonomous technologies. We are putting data to work to boost efficiency, productivity, quality and safety across industrial, manufacturing, infrastructure, public sector, and mobility applications.
Our technologies are shaping production and people-related ecosystems to become increasingly connected and autonomous – ensuring a scalable, sustainable future.
Hexagon’s Manufacturing Intelligence division provides solutions that use data from design and engineering, production and metrology to make manufacturing smarter. For more information, visit hexagonmi.com.
Hexagon (Nasdaq Stockholm: HEXA B) has approximately 21,000 employees in 50 countries and net sales of approximately 3.8bn EUR. Learn more at hexagon.com and follow us @HexagonAB.