News Release - Magna Seeks Start-ups at CES
Hosting Pitch Day at show floor exhibit
Selected companies will have an opportunity to pitch their company, innovation or idea before a panel of judges comprised of representatives from the three co-hosts, which could help them commercialize their technology.
"This is a win-win situation for all involved. Start-up companies get to pitch to three key business stakeholders all at once and in turn we get to identify and potentially tap into the next generation of entrepreneurs," said
To submit your idea for consideration, please go to IncWell's website at: http://theincwell.net/pitch-us/. Entries must be received by
"IncWell is returning to CES once again and is looking forward to hearing from high quality, high caliber start-ups that will be participating in Magna's booth for pitch day," said
"Techstars is excited to work with great partners like Magna and IncWell to find promising entrepreneurs building next-generation transportation and mobility solutions," said
About
Magna is a leading global automotive supplier with 285 manufacturing operations and 83 product development, engineering and sales centres in 29 countries. Magna has approximately 125,000 employees focused on delivering superior value to our customers through innovative products, processes and World Class Manufacturing. Its product capabilities include producing body, chassis, exterior, seating, powertrain, electronic, vision, closure and roof systems and modules, as well as complete vehicle engineering and contract manufacturing. Magna's common shares trade on the
About IncWell
IncWell is a private venture capital fund located in
About Techstars
Techstars is a global ecosystem that empowers entrepreneurs to bring new technologies to market wherever they choose to live. With dozens of mentorship-driven accelerator programs and thousands of community programs worldwide, Techstars exists to support the world's most promising entrepreneurs throughout their lifelong journey, from inspiration to IPO. Techstars provides access to tens of thousands of community leaders, founders, mentors, investors, and corporate partners, allowing entrepreneurs to accelerate the pace of innovation and Do More Faster™. Techstars supports every stage of the entrepreneurial journey – from early stage grassroots community development to more formal opportunities that provide education, experience, acceleration, funding, and beyond. For more information, visit www.techstars.com.
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THIS RELEASE MAY CONTAIN STATEMENTS WHICH CONSTITUTE "FORWARD-LOOKING STATEMENTS" UNDER APPLICABLE SECURITIES LEGISLATION AND ARE SUBJECT TO, AND EXPRESSLY QUALIFIED BY, THE CAUTIONARY DISCLAIMERS THAT ARE SET OUT IN MAGNA'S REGULATORY FILINGS. PLEASE REFER TO MAGNA'S MOST CURRENT MANAGEMENT'S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL POSITION, ANNUAL INFORMATION FORM AND ANNUAL REPORT ON FORM 40-F, AS REPLACED OR UPDATED BY ANY OF MAGNA'S SUBSEQUENT REGULATORY FILINGS, WHICH SET OUT THE CAUTIONARY DISCLAIMERS, INCLUDING THE RISK FACTORS THAT COULD CAUSE ACTUAL EVENTS TO DIFFER MATERIALLY FROM THOSE INDICATED BY SUCH FORWARD-LOOKING STATEMENTS. THESE DOCUMENTS ARE AVAILABLE FOR REVIEW ON MAGNA'S WEBSITE AT WWW.MAGNA.COM.
SOURCE
Tracy Fuerst, Director, Corporate Communications & Media Relations, (248) 631-5396, Tracy.fuerst@magna.com