- Collaboration supports growth of tech startups focusing on
mobility
- Magna will provide mentoring to startups
- Outreach builds on Magna's open for business mindset
AURORA, ON, June 8, 2017 /PRNewswire/ - Tech startups now
have a new route to bring their inventions to life in the
automotive industry, thanks to a new collaboration between Magna
and RocketSpace. Magna has expanded its innovation outreach by
joining RocketSpace on its first-ever tech accelerator dedicated to
automotive innovation in areas that include: electric vehicle
systems, automated driver assisted systems (ADAS) and secure
vehicle connectivity.
The Mobility Tech Accelerator Program is RocketSpace's third
industry-focused accelerator program. As part of the program
and as a corporate partner, Magna will be alongside companies such
as BP, Allstate, Volkswagen, Avis Budget Group and IBM.
"Our open for business mentality helps us stay at the forefront
of emerging technologies and potentially validate them for
automotive applications," said Ian
Simmons, Magna's Vice President Business Development
Corporate Engineering and R&D. "We see great opportunity to
form mutually beneficial relationships when inventors, investors
and corporations bring their ideas and resources together."
RocketSpace has fueled corporate innovation programs with over
150 global brands by tapping into the ecosystem of startups around
the world. The San Francisco
campus alone has been the early home to over 18 unicorns, including
Uber and Spotify.
"Magna brings global market knowledge and access to participants
of our Mobility Tech Accelerator. Startups alongside global players
in this accelerator are helping drive the future of mobility and
Magna is a key part of this exciting future," said Ron Yerkes, VP of Accelerators, RocketSpace.
For more information about RocketSpace's Mobility Tech
Accelerator Program, visit:
http://info.rocketspace.com/mobility-tech-accelerator
TAGS
Open for business, incubator, accelerator, mobility, connected car,
RocketSpace
ABOUT MAGNA
We are a leading global automotive supplier with 321 manufacturing
operations and 102 product development, engineering and sales
centres in 29 countries. We have over 159,000 employees focused on
delivering superior value to our customers through innovative
products and processes, and world class manufacturing. We have
complete vehicle engineering and contract manufacturing expertise,
as well as product capabilities which include body, chassis,
exterior, seating, powertrain, active driver assistance, vision,
closure and roof systems. We also have electronic and software
capabilities across many of these areas. Our common shares
trade on the Toronto Stock Exchange (MG) and the New York Stock
Exchange (MGA). For further information about Magna, visit our
website at www.magna.com.
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SOURCE Magna International Inc.