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Wednesday, May 30, 2012
Ford Opens Motor City Innovation Exchange, A Showroom For Detroit Startups
The economic downturn of the last few years hit few cities as hard as Detroit. Still, the city has recently become somewhat of a startup hub in its own right and today Ford Global Technologies, a wholly owned subsidiary of Ford Motor Company that manages Ford's intellectual property portfolio, announced that it is opening a showroom for "innovators to show off their creations to peers and potential customers." This Motor City Innovation Exchange will be open to anyone, as a Ford spokesperson told us earlier today. The goal here is to build a marketplace for licensing technological innovation from local startups across and beyond the auto industry. The public will be able to visit and browse the technologies on display and anyone who participates (including startups, established companies, universities and individuals) can license their inventions.
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