Ryder System Inc. announced it is sponsoring Plug and Play, a global startup ecosystem and venture fund specializing in the development of early-to-growth stage technology startups in 12 verticals.
Ryder’s sponsorship will focus on addressing the need for supply chain management and effective logistical operations in almost every type of business, according to the Miami-based company.
Ryder will engage with a select group of startups to provide executive mentoring, technical expertise and the potential opportunity to pilot startup technology within its own operations.
“At Plug and Play, we believe that early stage companies have the potential to develop innovative solutions that will vastly improve businesses and lives — from new tracking technologies for shipments, to [artificial intelligence] and robotics, to new innovative solutions for last-mile delivery,” Saeed Amidi, founder and CEO of Plug and Play, said.
“Tapping into Ryder’s supply chain engineering expertise will help Plug and Play accelerate and grow world-class startups in supply chain and logistics faster and at a larger scale,” he said.
Ryder Supply Chain Solutions ranks No. 13 on the Transport Topics Top 100 list of the largest for-hire carriers in North America.
Plug and Play, based in Sunnyvale, Calif., refers to itself as a global innovation platform that connects startups to corporations and invests in over 150 companies every year.