LEADING energy management and automation technology company, Schneider Electric, has been recognized among the Top 25 Corporate Startup Stars in 2021.
For the sixth year running, startups have nominated the corporates they believed to be most active in terms of open innovation for the prestigious annual Corporate Startup Stars Awards.
Launched by Mind the Bridge under the European Commission’s Startup Europe Partnership initiative in 2016, the Awards have been scaled at global level thanks to a partnership with the International Chamber of Commerce (ICC).
“When adopting an open innovation model, companies don’t look to generate pioneering ideas alone but rather to utilise or build on existing internal and external ideas that enable them to be more effective at managing cost and risk and to accelerate technology development,” said Devan Pillay Cluster President, Anglophone Africa for Schneider Electric.
“This way, innovation can be thought of as a continuum. Consequently, a key feature of the open innovation model is its flexibility and by way of the Awards we are shining a merited light on those companies that are leading the way for others and enabling more businesses to secure peace, prosperity and opportunity for all”.