Share

BMW Group Financial Services (BMW FS) has launched an Innovation Lab in the UK to allow early-stage start-up companies to partner with it.

The Lab is being run in partnership with corporate innovation investment fund L Marks, and has been designed to discover new companies looking to bring disruptive technologies to the industry.

Applications to the Innovation Lab are open until 31 July. BMW said it plans to choose up to five from these which will join the lab.

The successful applicants to the Lab will gain access to:
– Financial product validation and testing opportunities with UK experts and customers
– Mentorship from the UK leadership team
– Access to investors at L Marks
– Access to network of industry experts
– Free office space located at the company’s head office in Farnborough, Hampshire
– An education programme based on the Disciplined Entrepreneurship method from the Massachusetts Institute of Technology

Mike Dennet, chief executive officer at BMW FS, UK, said: "Innovation Lab provides a great opportunity for us to get a different perspective on our business and generate new ideas more quickly. It is a very different approach and one which will allow us to explore customer-focused initiatives from young, energetic and talented small companies while at the same time offering them the chance to gain exposure to a range of experienced mentors and potential investors."

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData