GEA joined as a founding partner of MassChallenge Switzerland. MassChallenge is a non-governmental organization (NGO) enabling startups to gain access to a global network of mentors and venture capital investors without actually acquiring stakes in these startup companies.
By offering mentoring schemes and access to other resources, the organization supports select young entrepreneurs that harbor a potential for the future.
Source: GEA Group Aktiengesellschaft
"The MassChallenge initiative is fully in line with GEA s approach aimed at providing innovative solutions for the food processing industry", said Jürg Oleas, GEA s CEO. "Within the framework of our strategic realignment, we commenced by restructuring and further strengthening our internal innovation management. Our partnership with MassChallenge and the exchange with other companies will allow us to benefit from further ideas we can harness for the benefit of our customers in Switzerland and all around the globe."
Along with GEA, the MassChallenge Switzerland founding partners include Bühler Group, Givaudan, Nestlé, Inartis Foundation as well as the Swiss Economic Forum.