With the unveiling of a brand-new venture competition centred on the metaverse, the TONOMUS Venture Studio officially began operations today. The Studio is the business development and investment arm of TONOMUS, the first NEOM subsidiary and a global conglomerate of cognitive technologies that supports the first ecosystem of cognitive technologies in the globe. The TONOMUS Venture Studio has the responsibility of developing a portfolio of ventures under the approach and direction of Silicon Valley. Additionally, it will create a new generation of entrepreneurs and strengthen the global talent capability.

The first in a number of competitions is the Metaverse New Venture Competition. The Studio’s plan to promote global entrepreneurship and establish businesses and investments that will protect the environment, invent new social structures, and develop cognitive technologies in a wide range of fields to empower humanity relies heavily on new venture contests.

Source: Prnewswire