ArcelorMittal recently announced that it has partnered with Silicon Valley-based Plug and Play, a global innovation platform that helps connect technology-focused startup companies with corporate partners.
The purpose of the partnership is to develop and expand various ArcelorMittal initiatives in the areas of digitalization, big data and Industry 4.0, as well as to explore further ideas in new materials, mobility and other emerging technologies.
"We are very excited about this partnership," explains Greg Ludkovsky, ArcelorMittal's vice president and head of global research and development. "Our aim is to identify new ideas from startups that may accelerate the transformation of our company and help us develop superior products, processes and services."
Plug and Play's acceleration and innovation programs will offer participating startups the opportunity to collaborate with ArcelorMittal to improve its products and solutions, and accelerate ongoing technology-driven innovation initiatives.
"Industry leaders such as ArcelorMittal help us create an innovation ecosystem where the startups thrive," says Farzin Shadpour, vice president of Plug and Play and managing director of the supply chain program. "It is a great honor to have ArcelorMittal join Plug and Play, and we look forward to connecting them to the best and brightest startups in the industry."
For more information, visit corporate.arcelormittal.com.