Zurich-based venture capital group Momenta has launched a $100 million target fund for ‘Industry 5.0’ tech – basically, for startups pushing Industry 4.0 with-a-conscience. The new fund is backed by the European Commission, which told IoT Solutions World Congress (IOTSWC) in Barcelona, where the Momenta fund was announced, that the Industry 4.0 movement is too tech-focused, and has failed to prioritise people and the planet.
Speaking at IOTSWC today (January 31) that industrial change works best when workers are in charge of it, and both business productivity and environmental sustainability are its consequences.
