30.06.2020

Transfer Platform BW Industry 4.0 to Be Continued

The state of Baden-Württemberg will continue its funding until 2021.

Since 2017, the Baden-Württemberg Ministry for Economic Affairs has been funding the Transfer Platform BW Industry 4.0 (TPBW), a cooperation project between several universities and the Steinbeis Foundation. The Ministry’s funding will now be extended until the end of 2021 so that small and medium-sized enterprises do not lose touch with new technologies.

 

The second funding phase will provide support for the TPBW totalling 2 million euros until the end of next year. The platform was originally established in 2017 by the universities of Reutlingen, Esslingen and Aalen in cooperation with the Steinbeis Foundation and is anchored at ESB Business School.  It is designed to support small and medium-sized enterprises (SMEs) in Baden-Württemberg in their efforts to hold their own in a fast-moving and increasingly digitised economic world.  

The connection to new technologies is vital, especially for smaller companies, so that they can position themselves economically against larger competitors. SMEs are often unable to keep pace with digitisation and innovation without support. The TPBW shows them ways of how to use state-of-the-art technologies effectively and how to gain maximum benefit from them.

Artificial intelligence – the key to the future

In the future, the transfer platform will focus even more on the topic of artificial intelligence (AI). This area is becoming increasingly important, especially in the context of Industry 4.0 and the Factory of the Future. The TPBW would therefore like to introduce SMEs to topics such as predictive maintenance, digital twin and intelligent assistance systems.

Project manager Professor Dr Daniel Palm from ESB Business School sees great potential in the extension: “Small and medium-sized enterprises are responding well to the transfer platform. Many are aware of the need for action in the digital transformation, as well as the fact that activities in the fields of artificial intelligence and Industry 4.0 are necessary to remain competitive in the long term. We are sure that we will also be able to make a lot of progress within the TPBW in the years ahead”.