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ArcelorMittal furthers its work with startups with Plug and Play

To explore innovative ideas in new technologies for its steelmaking and mining activities, ArcelorMittal has partnered with Silicon Valley-based Plug and Play, the world’s largest ‘Innovation EcoSystem’ which helps connect technology focused startup companies with corporate partners.

The purpose of this partnership is to further develop and expand upon the various initiatives which ArcelorMittal is developing and deploying in the areas of digitalisation, big data and Industry 4.0. It is also an opportunity to explore further ideas in new materials, mobility and other emerging technologies.

“We are very excited about this partnership. 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.”, explains Greg Ludkovsky, Vice-President of ArcelorMittal and Head of Global Research and Development.

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 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.”

Photo: left to right: Paul Perdang, CFO Global R&D, ArcelorMittal, Farzin Shadpour, VP Plug and Play, Greg Ludkovsky, VP and Head of Global R&D, ArcelorMittal.