Schneider Electric named Top 25 Corporate Startup Star

PARIS--(Korea Newswire)--Schneider Electric, the leader in the digital transformation of energy management and automation, 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 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. “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”.

As we move to a sustainable, electrified future, Schneider Electric, recognized as the world’s most sustainable corporation in 2021 by Corporate Knights Global 100 Index, is leveraging its deep history of technology leadership to develop innovative solutions to increase efficiency and lower emissions.

Our Innovation at the Edge program invests in new ideas, emerging technologies and business models that both challenge and complement the Schneider Electric of today. From partnerships, seeding and accelerating startups, incubations, and joint ventures with established firms, we are covering the globe and working with entrepreneurs to turn bold ideas into reality.

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This is a news release distributed by Korea Newswire on behalf of this company.