Magna International Inc. will hang an "open for business" sign on its booth (4327) this year at the CES Show in Las Vegas. Magna, along with venture capital firm IncWell and mentorship-driven accelerator Techstars, will select 15 companies for the opportunity to participate in “Pitch Day 2016” at Magna's CES booth on Jan. 7.
Selected companies will have the opportunity to pitch their company, innovation or idea before a panel of judges comprised of representatives from the three co-hosts, which could help them commercialize their technology, according to Magna.
"This is a win-win situation for all involved. Start-up companies get to pitch to three key business stakeholders all at once and in turn we get to identify and potentially tap into the next generation of entrepreneurs," said Swamy Kotagiri, Magna's chief technology officer. "What better place to do a pitch day than CES, a show that fosters innovative thinking and exposes new technology and companies."
Those interested in submitting an idea for consideration should visit the IncWell website. Entries must be received by Dec. 31, to be considered, according to Magna.