Arcelik Raises the Bar with its Garage Innovation Hub, Targets Leadership in the Global Innovation Ecosystem
PR95754
ISTANBUL, April 29, 2022, /PRNewswire=KYODO JBN/--
Arcelik aims for global leadership by expanding its R&D and innovation
collaborations on a global scale with the Garage Innovation Hub. Arcelik
Garage Innovation Hub, a growing global open innovation platform, has
interacted with more than 2,000 partners, scouted more than 1800 start-ups, and
developed cooperation with more than 80 startups.
Garage Innovation Hub organized an Open Innovation Day with the participation
of a large number of start-ups, business leaders and investors from around the
world in order to contribute to the dissemination of the open innovation
culture.
Arcelik's Chief Strategy & Digital Officer Utku Barýs Pazar stated that:
"As a growing global innovation platform, together with our nearly 2,000
stakeholders, including mentors, investors, universities, and entrepreneurs
from all over the world; we provide business development, access to financial
support and mentorship to entrepreneurs, starting from the idea stage. On the
path to becoming one of the leading open innovation platforms on a global
scale, we have set important goals such as supporting the incorporation of new
ideas in many fields such as sustainability, artificial intelligence, AR/VR,
marketing and production technologies, healthcare, in each of the 146 countries
where we operate in the next 5 years. As we continue to provide startups with
access to financial support, we will further increase our contribution to the
ecosystem by partnering with regional venture capital funds. In February 2022,
we took our first step in this direction and became a limited partner in the
500 Startups, a globally acclaimed venture capital fund, and in April, we
joined the latest fund managed by Hoxton Ventures, one of the top venture
capital funds in Europe."
As one of the spearheads across the world to spread the open innovation
culture, Arcelik aims for global leadership with the Garage Innovation Hub.
Arcelik Garage Innovation Hub, which has interacted with more than 2,000
partners since its establishment in 2017, has provided 40 entrepreneurs with
access to 8 million TL grant aid, and training and mentoring support to 274
entrepreneurs to date. With its incubation activities, it has supported more
than 80 startups to develop business ideas.
Garage Innovation Hub aims to transform innovative ideas into products and
projects by creating a mutual sharing ecosystem through entrepreneurship,
innovation programs and events it carries out inside and outside the company.
It plays a facilitating role to enable the ecosystem to benefit from knowledge,
experience and connections among ecosystem players such as startups, mentors,
investors and relevant non-governmental organizations, private and public
institution representatives.
Garage Innovation Hub, which designs innovation and entrepreneurship programs,
also works to develop new technologies and business models that fall outside of
Arcelik's core competencies.
Garage Innovation Hub, a growing open innovation platform, aims to contribute
to the development of the ecosystem in line with its global leadership goal in
the field of open innovation. Garage Innovation Hub brought together innovative
thinkers, companies, start-ups and investors from all over the world at the
Open Innovation Day, which is organized for the first time this year.
Stating that the Open Innovation Day is a platform for stimulating discussions
with the participation of important players within the ecosystem, Arcelik Chief
Strategy & Digital Officer Utku Barýþ Pazar said "In a short period of 5 years,
we have worked together with a large number of universities, NGOs, institutions
and organizations from all over the world that support innovation. Innovation
is not a process that belongs to an institution or a function alone. Open
innovation platforms such as the Garage Innovation Hub can enable ideas to come
to life, paving the way for innovations that benefit humanity. We aim to bring
more and more ideas to life, wherever possible."
Garage Innovation Hub Partners with Venture Capital Funds
Talking about Arcelik's open innovation approach, Utku Barýþ Pazar said: "We
started to develop Startup Friendly Applications to improve our start-up
collaborations. We say "Dare, Connect, Venture, Value". Our goal is to support
start-ups in each of the 146 countries where we operate. On the path to
becoming one of the leading open innovation platforms globally, we continue to
support entrepreneurs in reaching grants through programs such as BIGG3. Garage
Innovation Hub also took another step to provide capital support to
entrepreneurs and became a partner to venture capital funds. We took our first
step in this direction and became a limited partner in 500 Startups, a globally
acclaimed venture capital fund, and joined the latest fund managed by Hoxton
Ventures, one of the top venture capital funds in Europe."
As part of the United Nations Generation Equality Forum commitments, Arcelik
plans to reach 7000 entrepreneurs, 5000 of whom are women, by 2026, and support
them in reaching financial support of approximately 5 million dollars, with the
Garage Innovation Hub.
Click to learn more about Arcelik Garage Innovation Hub and to develop
collaboration.
https://www.garageinnovationhub.com/
About Arcelik
With over 40,000 employees throughout the world, Arcelik's global operations
including sales and marketing offices in 49 countries, and 28 production
facilities in 9 countries with 12 brands (Arcelik, Beko, Grundig, Blomberg,
ElektraBregenz, Arctic, Leisure, Flavel, Defy, Altus, Dawlance, Voltas Beko).
As Europe's second-largest white goods company by market share (based on
volumes), Arcelik reached a consolidated turnover of 6.5 billion Euros in 2021.
Arcelik's 29 R&D and Design Centers & Offices across the globe, are home to
over 2,000 researchers and hold more than 3,000 international patent
applications to date. In 2021, Arcelik achieved the highest score in the DHP
Household Durables category for the 3rd year in a row in the Dow Jones
Sustainability Index of the S&P Global Corporate Sustainability Assessment. In
accordance with PAS 2060 Carbon Neutrality Standard, Arcelik became
carbon-neutral in Scope 1 and 2 in global manufacturing in 2019 and 2020 with
its own carbon credits. Through its leadership position in sustainability and
credible decarbonization roadmap for achieving net zero, Arcelik became the
first and only company from its industry to receive the Terra Carta Seal by HRH
Prince of Wales. Arcelik's mission is 'Respecting the World, Respected
Worldwide.'
Logo - https://mma.prnewswire.com/media/1653921/Arcelik_Logo.jpg
Photo - https://mma.prnewswire.com/media/1807788/Utku_Bar_Pazar_Arcelik.jpg
SOURCE: Arcelik
本プレスリリースは発表元が入力した原稿をそのまま掲載しております。また、プレスリリースへのお問い合わせは発表元に直接お願いいたします。
このプレスリリースには、報道機関向けの情報があります。
プレス会員登録を行うと、広報担当者の連絡先や、イベント・記者会見の情報など、報道機関だけに公開する情報が閲覧できるようになります。