Construcciones y Auxiliar de Ferrocarriles S A : CAF launches its new CAF Startup Station unit

2021/07/02

The CAF Group has launched the CAF Startup Station. This is the new Venture Client unit designedfor partnering with top tier startups with relevant and innovative solutions in the rail and bussectors. The main goal of this unit will be to build and consolidate client?supplier relationshipsbetween the various startups and the CAF Group.

Beasain, 2 july 2021 ? The CAF Group, a leading public transport system supplier, has launched theCAF Startup Station, the Group's new Venture Client unit. This new unit will provide in?houseservices to the entire Group organisation during the startup identification stage, validation of thesolutions proposed in a pilot project, and their subsequent wide?scale adoption and implementationin the organisation.

The CAF Startup Station will follow the Venture Client model, which focuses on achieving a realbusiness impact on activities, which are both measurable and strategic. This innovative model whichis already in place at CAF, enables the Group's business divisions and units to purchase and use thestartup solutions by means of a pilot project. This validation period also gives CAF the opportunityto take informed decisions regarding whether to adopt the startup proposed solution. As a result,a long?term client?supplier relationship will be established with startups as a result of successfulcases, which could ultimately lead to a potential purchase. This initiative not only applies to CAF'score businesses, but also provides all the different areas of the company, such as R&D,Manufacturing, Logistics and IT, with solutions for the diverse internal issues they have to deal withon a daily basis.

'Using CAF Startup Station, we are establishing the ideal conditions to apply innovative productsand solutions directly at CAF's divisions and business units. Establishing a client relationship withstartups gives us the opportunity to test a wide range of solutions and, once validated in successfulpilot projects, to implement them in the company. Accordingly, using startup solutions in CAFbecomes scalable and contributes towards a strategic competitive advantage', explains JokinLopetegi, the CAF Group Corporate Development and New Business Manager.

Startups stand to benefit from the use of this model by having CAF as an early?adoption client andgaining direct access to the transport industry of the future. Given its experience in the startupworld, the CAF Startup Station team will provide support for pilot projects and assist startups wheninteracting with CAF. The ultimate goal is to identify the best solutions that will have an impact on,amongst others, process efficiency, Industry 4.0 and, of course, on the development andimprovement of CAF's products and services.

Further information about the CAF Startup Station, the areas of interest and the quality criteria isavailable on the recently launched website www.cafstartupstation.com.

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