At Magna, we take great ideas and develop them from invention to commercialization. We also know that great thinking happens outside our four walls, and that our ability to commercialise great ideas benefits inventors, founders, entrepreneurs, customers, and ultimately all who share the road.
As a global industry leader and the only automotive supplier in the world with the ability to contribute to every aspect of vehicle design, engineering and production, Magna International is pushing the boundaries of technology to define future mobility. In this new era of mobility, Magna is working with partners, entrepreneurs and start-up companies around the world to help bring ideas and innovation to market and develop game-changing technologies that are making the car of the future safer, smarter, cleaner and lighter.
To augment our own innovation efforts, Magna looks outside our four walls at early stage technologies that could compliment or enhance our current product portfolio. We have adapted an “open for business mentality” that casts our net broader in collaborating, investing and/or partnering with entrepreneurs, universities and the venture capital community. Our goal is to be a a strategic partner and potential investor in helping bring new innovations to the market.
Magna has a comprehensive product range, therefore our interest for new technology is very broad. That is one reason why we have also engaged with companies outside of traditional automotive. Industries such as medical, aerospace and software are working on or already have many technologies that can be applied to automotive especially as we move closer to full autonomy and more electrification. Technologies that include biosciences, artificial intelligence, big data, etc., are all areas that cross industries.
Our objective is simple, we want the venturing and innovation world to better understand Magna, our ability to commercialize innovation and our position to lead in the transformation of the vehicle, the automotive industry and the future mobility landscape in general.
As a global company, Magna manufactures in 29 countries. Therefore, we are able to leverage our global footprint to cultivate relationships with the best universities, venture funds, start-ups accelerators, and inventors. We are very much open for business, backed by our recent partnerships with several companies out of Israel, Canada and the US and multiple co-investment deals we have entered. To learn more, please visit http://www.magna.com/innovation