Innovation Hub Fiat Chrysler Automobiles Joins Detroit 'Mobility Innovation Hub'
The new mobility innovation hub 'Plug and Play Detroit powered by AmplifyD' launching in June 2020 will foster women- and minority-headed technology startups with a target on "the future of mobility."
Fiat Chrysler Automobiles (FCA) plans to join a Detroit-based partnership sponsoring an "innovation hub" that will provide "streamlined access to an ecosystem of hundreds of technology startups."
'Plug and Play Detroit powered by AmplifyD to open its doors by June 2020
FCA is teaming up with Plug and Play, the largest global innovation platform for startups and corporations, and the Michigan Minority Supplier Development Council (MMSDC) to bring a new innovation hub to Detroit by June 2020. The hub, 'Plug and Play Detroit powered by AmplifyD,' will secure space in downtown Detroit for the innovation hub in the first quarter of 2020 with plans to open its doors by June.
"Innovation accelerator programs play a critical role in successfully bringing new ideas to market. Through this partnership, entrepreneurs will gain access to resources, mentoring, financing, as well as physical space, to research and develop future mobility technology," says Michelle Sourie Robinson, President & CEO of MMSDC in a press release.
FCA will be a founding partner in the innovation hub, but other corporate and automotive partners are expected to join the consortium.
Silicon Valley innovation to Detroit
Plug and Play is a Silicon Valley-based innovation platform that builds accelerator programs, coordinates corporate innovation services, and raises venture capital for technology-focused startups. According to Plug and Play, it consists of 10,000 startups and 300 official corporate partners.
"As Detroit has been the origin of the automotive industry in the U.S., this is a strategic location for us to connect our corporate partners to startups and entrepreneurs and to continue to foster collaboration and innovation," says Saeed Amidi, Founder, and CEO of Plug and Play in a press release.
Fostering startups owned by women and minorities
"AmplifyD" is a portmanteau for "Amplify:Diversity," and the label is meant to emphasize that the program will prioritize fostering startups owned by women and minorities.
Michelle Sourie Robinson, President & CEO of MMSDC, says in a press release that particularly women and minorities often lack access to the resources they need to bring their ideas to the market. In a press release, she says:
"I am excited to partner with Plug and Play, FCA, and various other corporations we will announce in the future, to address this need."