Scha­ef­fler ex­pands startup net­work in the US

Auto components India - - CONTENTS - ACI

Au­to­mo­tive sup­plier Scha­ef­fler has en­tered into a part­ner­ship with Plug and Play, a Sil­i­con Val­ley­based in­no­va­tion plat­form that con­nects star­tups with es­tab­lished cor­po­ra­tions and ven­ture cap­i­tal­ists. Scha­ef­fer will fo­cus on tech­nolo­gies from the Mo­bil­ity and In­ter­net of Things (IoT) ver­ti­cals, while also keep­ing an eye on in­no­va­tions com­ing out of En­ergy, New Ma­te­ri­als & Pack­ag­ing, and Sup­ply Chain & Lo­gis­tics.

“We are ex­cited to en­gage with our new part­ners at Plug and Play, who give us a com­pelling new av­enue to un­cover trends and op­por­tu­ni­ties for ad­vanc­ing our ‘Mo­bil­ity for to­mor­row’ cor­po­rate strat­egy,” said Prof. Dr.-Ing. Tim Hosen­feldt, Scha­ef­fler’s Se­nior Vice Pres­i­dent for Tech­nol­ogy Strat­egy & In­no­va­tion. “Just as our re­cently launched ‘in-house’ startup Bio-Hy­brid GmbH has in­vig­o­rated our ef­forts to trans­form per­sonal mo­bil­ity, Scha­ef­fler looks for­ward to con­nect­ing with the cre­ative minds within ex­ter­nal star­tups who can pro­vide us fresh per­spec­tives to help us meet the present and fu­ture needs of our au­to­mo­tive and in­dus­trial cus­tomers.”

With over 20 lo­ca­tions world­wide, Plug and Play’s ecosys­tem will help Scha­ef­fler build on its renowned ca­pac­ity for in-house in­no­va­tion – which pro­duced more than 2,400 new patents in 2017 alone – by part­ner­ing with ex­ter­nal busi­ness en­ter­prises and star­tups to un­cover new tech­nolo­gies, prod­ucts and pro­cesses as well as un­tapped mar­ket seg­ments and cus­tomers. “The part­ner­ship with Scha­ef­fler brings a new per­spec­tive to our mo­bil­ity ecosys­tem. We look for­ward to work­ing closely with our new part­ners and to in­tro­duce them to new tech­nol­ogy that sup­ports their mis­sion,” says Sob­han Khani, VP of Plug and Play’s IoT, Mo­bil­ity, and Real Es­tate & Con­struc­tion pro­grams.

Scha­ef­fler’s part­ner­ship with Plug and Play is the lat­est step in the com­pany’s mis­sion to tap into Sil­i­con Val­ley’s deep reser­voir of cre­ative tal­ent and in­no­va­tive thinkers. Ear­lier this year, Scha­ef­fler opened a new of­fice in San Jose, Cal­i­for­nia, whose staff has been tasked with fos­ter­ing new re­la­tion­ships with po­ten­tial tech­nol­ogy part­ners and lo­cal dis­rup­tors to ad­vance Scha­ef­fler’s cor­po­rate strat­egy.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.