Deadline: 31 July 2024
The Canadian Technology Accelerator (CTA) AutoTech Silicon Valley, a partnership between the Trade Commissioner Service and the Province of Ontario, is a program designed to support Canadian startups and small to medium-sized enterprises (SMEs) to access the global automotive industry through Silicon Valley tech scouts and corporate strategic investors.
Silicon Valley is home to open innovation technology scouts, venture, and corporate strategic investors, and research and development offices for global auto makers, original equipment manufacturers, and suppliers including Ford Greenfield Labs, Mercedes-Benz, Toyota Research and Development, BrightDrop (GM), DENSO, Hyundai CRADLE, Suzuki, Kanematsu Ventures, MuRata Electronics, ZF Corporation, AISIN, Honda Innovation, Bosch, and more.
Focus Areas
- Open Innovation teams, Technology Scouts and Corporate Strategic Investors are actively looking for early-stage companies who have technology in areas such as:
- energy transformation
- batteries and energy storage
- digital health
- semiconductors
- factory automation
- entertainment/infotainment/vehicle interactions
- edge computing, fleet servicing, and more
Benefits
- The CTA AutoTech in Silicon Valley offers:
- Market intelligence on the automotive sector
- Programming emphasizing raising capital, engaging in pilot projects, establishing partnerships with multinational enterprises, and technology integrations with suppliers and manufacturers for the automotive industry
- Strategic guidance and mentoring on entering the highly competitive Silicon Valley innovation ecosystem
- Networking and pitch opportunities to prospective partners, investors, and customers
Who should apply?
- They believe that the applicants best positioned for success:
- Know their value proposition to the automotive industry and mobility sector stakeholders
- Has established clear and realistic business goals
- Have done research on where their technology fits into the interests and priorities of the automotive sector players and suppliers
- Can effectively communicate their competitive advantage
- Have strong executive management and the financial resources to commit to sending at least one senior member to participate in the mandatory Silicon Valley component (week of October 14th)
For more information, visit Government of Canada.
