PTC partners with MassChallenge to support Jerusalem’s IoT, augmented reality startups
Global design tools software development giant PTC Israel announced yesterday that they have entered into a partnership with the Jerusalem branch of MassChallenge to help boost the accelerator’s work in the areas of IoT, augmented reality, data analytics, and cybersecurity.
Beyond software solutions for industrial design and manufacturing, the company has expanded into platforms for building IoT and augmented reality products. Their ThingWorx IoT platform provides developers a more effective way to build and deploy apps and products, while the recently acquired Vuforia helps create AR experiences.
“MassChallenge is the key accelerator for start-up businesses,” Belfer explains to Geektime, saying the company sees an opportunity in working with the startups for exposure to new innovations and possible acquisitions. “This partnership will benefit PTC in many ways, including identifying and sourcing startups that have high potential for advancing technology developments in the Internet of Things, augmented reality, big data analytics, and security, key areas of focus for PTC.”
MassChallenge is a leaders in the global startup support network with operations in the U.S., U.K., Mexico, Switzerland and Israel. MassChallenge’s strategy leverages this trend to see them partner with a range of corporate, governmental and “third sector” bodies. By partnering with MassChallenge’s program in Israel, PTC Israel joins The Kraft Group, Poalim Hightech, the Ministry of Economy, the City of Jerusalem, EMC2, and other prominent backers.
See the full story here: http://www.geektime.com/2016/03/29/ptc-partners-with-masschallenge-to-support-jerusalems-iot-augmented-reality-startups/