The Enabling Innovation Poster Zone will provide an opportunity for early stage innovators to showcase breakthrough ideas, products and processes to the UK’s largest advanced engineering audience. The ‘poster’ submissions will come from incubator level organisations, university students, research-based companies and start-ups. The Zone will give the 13,000 visitors attending Advanced Engineering UK the chance to uncover potential technologies, partners and untapped capability.
Magna’s R & D team additionally will invite potential innovation partners for one-to-one meetings. The sessions will offer innovators the opportunity to discuss new concepts and products, with opportunity for direct investment, collaborative programmes and potential licensing agreements with Magna’s R&D decision makers. Magna is very active in the UK technology community; interfacing with venture capital firms to locate opportunities, actively working with universities on new technologies, collaborating with multiple start-ups leading to a recent joint venture agreement.
Ian R. Simmons, vice president of business development and R&D at Magna International, says: “Successful commercialization of innovation is one of Magna’s key targets. The Advanced Engineering Show in the UK is helping Magna to demonstrate that we are open for business to suppliers, universities and start up’s that have new or innovative technology. Future collaboration and partnerships will be key to Magna meeting the demands for the next wave of technologies for our global customers.”
Says Advanced Engineering event director Katie Crocombe: “This November’s Advanced Engineering UK is all about providing opportunities to commercialise innovation, as well as networking up and down the engineering supply chain; our ambition is to provide the perfect opportunity for new concepts to be shared, and OEM engineers and innovators to meet. The Enabling Innovation Zone, Magna’s programme of meetings plus its stand will create so many opportunities for this to happen.”
