Lear Partners with Global Accelerator Techstars

SOUTHFIELD, Mich., Jan. 14, 2019 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader, today announced a partnership with Techstars, the worldwide network that helps entrepreneurs succeed. The partnership is part of Lear Innovation Ventures (LIV) Possibilities, led by John Absmeier, Lear's Chief Technology Officer.

Lear joins existing partners Ford, Honda, AAA, USAA, Nationwide, and PlanetM, as a corporate participant in Techstars Detroit, a local mentorship-driven accelerator program. Lear's Innovation Center at 119 State Street in Detroit, MI will become the network's new location for its Detroit-based accelerator program. Techstars Detroit is expanding its focus from strictly mobility technologies to looking for startups that associate with manufacturing, IoT, and more.

"Techstars Detroit is the first announced partnership for LIV Possibilities, and it offers so many exciting opportunities," said John Absmeier. "We are fully committed to accelerating the pace of innovation and collaboration around the autonomous, connected, electrified and shared mobility trends and believe the expansion of focus for Techstars fits well with our strategy. We have had great traction with the start-up community and look forward to working with Techstars to grow the ecosystem here in Detroit."  

"As the worldwide network that helps entrepreneurs succeed, Techstars is excited to welcome Lear to our Techstars Detroit roster of partners," said David Brown, founder and co-CEO of Techstars. "Lear is leaning into their commitment to innovation by participating in the Techstars Detroit accelerator program. Having Lear join us for our fifth year of Techstars Detroit will open many new doors for entrepreneurs and help them grow great businesses."

Techstars Detroit is actively taking applications from startups who identify as mobility innovators, as well as startups in manufacturing, IoT, and more. For information on how to apply, please click here: https://www.techstars.com/programs/mobility-program/.

About Lear Corporation

Lear Corporation is one of the world's leading suppliers of automotive seating systems and electrical systems (E-Systems). Lear serves every major automaker in the world, and Lear content can be found on more than 400 vehicle nameplates. Lear's world-class products are designed, engineered and manufactured by a diverse team of approximately 165,000 employees located in 39 countries. Lear currently ranks #148 on the Fortune 500. Lear's headquarters are in Southfield, Michigan. Further information about Lear is available at lear.com or follow us on Twitter @LearCorporation. Lear is where passion drives possibilities.

About Techstars

Techstars is the worldwide network that helps entrepreneurs succeed. Techstars' founders and their teams connect with other entrepreneurs, experts, mentors, alumni, investors, community leaders, and corporate partners who will help their companies grow. Techstars operates three divisions: Techstars Startup Programs, Techstars Mentorship-Driven Accelerator Programs and Techstars Corporate Innovation Partnerships. Techstars Mentorship-Driven Accelerator Programs help founders do more faster and Techstars Startup Programs inspire, educate and connect entrepreneurs. Techstars Corporate Innovation Partnerships helps brands supercharge growth by accelerating innovation and cultural transformation. Techstars' accelerator portfolio includes more than 1,600 companies with a market cap of $17 Billion. www.techstars.com

SOURCE Lear Corporation

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