SITRI, a center for accelerating the development and commercialization of “More than Moore” solutions to power the Internet of Things, and Bosch China—through its subsidiary Bosch (China) Investment Ltd.—a global supplier of technology and services, announced today they have signed an agreement to collaborate on the study, development and promotion of solutions and applications for the rapidly growing IoT (Internet of Things) space. The agreement covers IoT applications such as smart home, wearable devices, smart city, Industry 4.0 and robotics.

The agreement facilitates the development of new paths to market for products destined for the rapidly growing China IoT market, for which some analysts have forecasted a CAGR of over 30 percent between now and 2019. It also opens the door to the possible future development of joint demonstration facilities to speed the commercialization ofIoT technologies and products.

“Innovation and applications in the IoT space are developing rapidly,especially in China,” said Dr. Charles Yang, President of SITRI. “Bringing together Bosch’s global technology leadership with SITRI’s unique platform for rapid incubation and commercialization of new IoT technologies will enable a fast start on designs that can be commercialized quickly forthis fast moving market.”

SITRI is emerging as the center for “More than Moore” commercialization and industry development, providing 360-degree solutions for companies and startups pursuing these new technologies, including investment, design, simulation, market engagement and company growth support. SITRI is associated with the Shanghai Institute of Microsystem and Information Technology (SIMIT) and the Chinese Academy of Sciences, and has established strong ties to a broad range of Chinese industry, research and university players. This ecosystem enables these new businesses to grow by quickly taking their innovations from concept to commercialization.