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 fuelled corporate innovation programs with over 150 global brands by tapping into the ecosystem of start-ups around the world. The San Francisco campus alone has been the early home to over 18 unicorns, including Uber and Spotify.
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