Canadian Manufacturing

Schneider Electric listed in Top 25 Corporate Startup Star

The awards program is in its sixth year and was created to recognize corporations for "open innovation."

December 21, 2021   by CM Staff

Schneider Electric named a Top 25 Corporate Startup Star (CNW Group/Schneider Electric Canada Inc.)

MISSISSAUGA — Top 25 Corporate Startup Stars 2021 has listed Schneider Electric.

According to a statement from Schneider Electric, Mind the Bridge launched the Corporate Startup Stars Awards in 2016 under the European Commission’s Startup Europe Partnership initiative.

The nominations and awards are intended to recognize corporations for “open innovation” Schneider Electric also stated.

Partnership with the International Chamber of Commerce has enabled the awards program to include global corporates.

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“When adopting an open innovation model, companies don’t look to generate pioneering ideas alone but rather to utilize 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 John W.H. Denton AO, Secretary General of the International Chamber of Commerce in a statement.

“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.”