The Toyota Ventures is excited to announce the 2022 call for innovation to find and fund early-stage companies that are creating technologies to enable smarter, flexible, connected factories that will amplify people and improve efficiency and sustainability.
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.
Like many industries, manufacturing has been undergoing a digital transformation. Emerging technologies and approaches are creating new opportunities to advance smart automation and reduce the carbon footprint of factories, and there has never been a more critical time to accelerate Industry.
Thematic Areas
Software and/or hardware solutions are welcome, and some of the areas they’re exploring include:
3D simulation
Artificial intelligence and computer vision
Augmented reality
Additive manufacturing
Robotics software and/or hardware (adaptive robots; collaborative robots; autonomous mobile robots)
Solutions to improve energy efficiency and reduce the carbon footprint in factories
Technologies to advance electrification and battery manufacturing
Cyber security and data analytics
Worker training and safety tools
Funding Information
Qualified startups are encouraged to apply online for an opportunity to receive between $500,000 and $2 million in venture capital funding from Toyota Ventures from Toyota Ventures through our Frontier Fund or Climate Fund.
Eligibility Criteria
To be eligible, your company’s technology needs to fit their investment thesis, and you must also meet the following criteria:
Your company has raised less than $10 million USD in funding
You have a working prototype to demonstrate your solution
Your business model solves a market need and delivers value to customers
Note: However, that the call for innovation is not a competition or contest. It is an opportunity to get your startup’s solution in front of their team, and their partners at MPIC and TRI, knowing that they’re looking to invest in and work with startups in these areas. As with any investment they make, applicants will be evaluated based on the quality of the team, technology, business model, go-to-market strategy, overall market opportunity, and other factors that are critical for success.
Deadline: May 31, 2022
Grant size: More than $1 million
Category: Grant
For more information, visit Call for Innovation.
Comments