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____ Wednesday December 9, 2015 ____

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Open For Business

Magna seeks start-ups at CES

Hosting Pitch Day at show floor exhibit

Aurora - Magna International Inc. will hang an "open for business" sign on its booth this year at the CES tradeshow in Las Vegas. Magna, along with venture capital firm IncWell and mentorship-driven accelerator Techstars, will select 15 companies for the opportunity of a lifetime – participation in Pitch Day 2016 at Magna's CES booth on January 7.

Selected companies will have an 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.

"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."

To submit your idea for consideration, please go to IncWell's website at: http://theincwell.net/pitch-us/. Entries must be received by December 31, 2015, to be considered.

"IncWell is returning to CES once again and is looking forward to hearing from high quality, high caliber start-ups that will be participating in Magna's booth for pitch day," said Simon Boag, IncWell Managing Partner.

"Techstars is excited to work with great partners like Magna and IncWell to find promising entrepreneurs building next-generation transportation and mobility solutions," said Ted Serbinski, Managing Director of Techstars.

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