Maruti Suzuki Expands its Accelerator Program to Include Global Startups
#MarutiSuzuki #Startups #AcceleratorProgram #MarutiSuzukiInnovationFund“Now, by opening the program to global startups, we are determined to further accelerate the development of innovative technologies relevant to the Indian market. This expansion will help drive technological advancements and generate good employment opportunities for the youth, thereby contributing to the nation’s economic growth.” - Hisashi Takeuchi, Managing Director and CEO, Maruti Suzuki India Limited
July 2024 : Committed to Government of India’s ‘Make in India’ and ‘Startup India’ initiatives, Maruti Suzuki India Limited announced opening of applications for the 9th Cohort of its Maruti Suzuki Accelerator, an initiative for startups. In an ambitious move, for the first time, the Company is inviting applications from global startups. Both Indian and global startups, with innovative solutions relevant to automobile manufacturing and mobility space, may apply and benefit from the program.
Under the Accelerator Program, startups get guidance from mentors associated with domestic and international startup ecosystems, and domain experts from Maruti Suzuki. They also get an opportunity to do a Paid Proof of Concept with Maruti Suzuki and participate in educational visits to Japan and get an opportunity to develop global market connect. Additionally, startups are able to secure funding through Maruti Suzuki Innovation Fund
Hisashi Takeuchi, Managing Director and CEO, Maruti Suzuki India Limited, said, “The startup ecosystem is full of ideas and solutions relevant to the automobile manufacturing and mobility space. In 2019, we initiated a program with an aim to create an enabling ecosystem for startups with technology-driven innovations. Now, by opening the program to global startups, we are determined to further accelerate the development of innovative technologies relevant to the Indian market. This expansion will help drive technological advancements and generate good employment opportunities for the youth, thereby contributing to the nation’s economic growth.”
In 2019, Maruti Suzuki started Mobility and Automobile Innovation Lab (MAIL) to promote innovation within the automobile manufacturing and mobility space. Under this corporate accelerator program, Maruti Suzuki collaborates with start-ups to co-create technology-led solutions that improve customer convenience, efficiency of business processes, among others.
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