Ferrovial Receives the 'Open Innovation Challengers' Award as Part of Europe’s Corporate Startup Stars Awards


team summit 2020 scaleup

The European platform for open innovation, the Startup Europe Partnership (SEP), announced the ranking of the most active companies in innovation at the last Scaleup Summit 2019, which took place on December 10 and 11, hosted by the Bolsa de Madrid.

The organization recognized Ferrovial’s work as the world’s leading operator of infrastructure and sustainable mobility that integrates startups and scaleups that want to reach an international scope into its open innovation strategy.

During the ceremony, Federico Flórez said:

"Open innovation and a commitment to startups is a central part of our Strategic Innovation Plan. We believe that startups accelerate the innovation process with technologies and business models that, given their high level of risk, are more difficult to develop within the company. Thanks to startups, we can also find the talent that we are looking for within the company."

In all, 36 European companies were awarded: 12 with the Corporate Startup Stars of Europe award and 24 with the Open Innovation Challengers of Europe award.

Those to receive the Open Innovation Challengers included Acciona, Amadeus, Banco Sabadell, Barclays Bank, BP, Bridgestone, Centrica, Cisco, EDP, Enagás, Eneco, Ferrovial, FIEGE Logistics, Google for Startups, Hewlett Packard Enterprise, KBC, KPN, Nestlé, Orange, Pearson, Pfizer, Rabobank, Thomson Reuters, and Vodafone.

The Scaleup Summit event also featured over 70 startups as well as representatives from Cintra, Ferrovial Agroman, Wondo, and Innovación Corporativa, which had more than in-person meetings with the startups that were of the most interest.

About Scaleup Summit

The summit is a meeting place hosted by SEP to reach agreements between startups (entrepreneurial companies in their initial phase), scaleups (startups that have some experience that want to launch on the international market), and large corporations. The aim is to promote collaboration agreements and an innovative European ecosystem through investments, acquisitions, and motivational programs.

Startup Europe Partnership (SEP)

SEP is a European platform for open innovation sponsored by the European Commission that is dedicated to transforming Europe’s startups into scale-ups through agreements with corporations and multinationals. SEP is directed by Mind the Bridge, a global organization based in Europe and Silicon Valley.


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