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Bosch, State Farm Partner on Internet of Things

July 25, 2014 /

Robert Bosch Venture Capital GmbH (RBVC) and State Farm have partnered with Plug and Play for their newest program, Plug and Play Internet of Things Accelerator (IoT), to engage with startups aligning with their developing technology initiatives. Plug and Play IoT is a startup accelerator bringing together a round-table of complementary partners to guide the direction of the program and help decide which startups are accepted.“We are pleased to announce the Plug and Play partnership with RBVC and State Farm with plans to leverage their deep industry knowledge and expertise to advise our investment strategy in the IoT space,” said Plug and Play CEO and Founder Saeed Amidi. “With their guidance, we will look to invest $25,000 to $100,000 in up to 30 IoT-focused startups from around the world.”