Rockwell Automation has invested an undisclosed amount in the Industry 5.0 Fund, managed by Momenta. This fund is focused on supporting start-ups that are developing technologies for sustainable and human-centric industrial operations. Rockwell’s investment is aimed at gaining early access to disruptive technologies in industrial markets, with a particular emphasis on sustainability, says the company.
Momenta, based in Switzerland, has established the $100 million Industry 5.0 Fund in collaboration with the EU Commission. The fund is designed to support start-up companies that align with the EU Commission’s Industry 5.0 initiative. This initiative emphasizes the role of research and innovation in transitioning to an industry that prioritizes sustainability, resilience, and a human-centric approach. It shifts the focus from shareholder to stakeholder value, centering on empowering people with information and technology.
The Industry 5.0 Fund targets early growth-stage companies that are contributing to the digital transformation in sectors such as energy, manufacturing, smart spaces, and supply chains. It aims to provide both venture capital investment and direct value creation to entrepreneurs in Europe and North America.
[Image courtesy: Momenta]