Today, TONOMUS Venture Studio announced the launch of a brand-new venture competition with a Metaverse theme. The studio serves as the business development and investment arm of TONOMUS, the first subsidiary of NEOM and a global conglomerate of cognitive companies creating the first cognitive technology network. The TONOMUS Venture Studio is tasked with developing a portfolio of businesses that are motivated by and affected by Silicon Valley. A new generation of entrepreneurs will be introduced to the market, and it will also strengthen global talent skills.
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 improve the environment, develop new social norms, and develop cognitive technologies across a variety of industries to strengthen mankind depends heavily on new venture contests.
“We are only seeing the tip of the iceberg when it comes to how we might use the Metaverse to tackle present and future challenges,” stated Beverly Rider, CEO of TONOMUS Venture Studios. We need a new generation of entrepreneurs, truly disruptive technologies, some of which haven’t even been imagined, enormous teamwork and inventiveness, thoughts and viewpoints from everyone, everywhere. New industries are only waiting to be created, and when they are, we will be able to realise the metaverse’s potential.

Source: Prnewswire