A general trend in the market is towards using assets rather than owning them. Many consumers are leasing new cars rather than owning them and businesses are regularly using software and services on a subscription basis.
Furthermore, IFRS and other book keeping practices give limitations in which corporations can recognize revenue and have assets on their books.
In case of physical and industrial products this is not yet a mainstream business model as someone still needs to manufacture, own and maintain the equipment.
What would this service business model mean for the electrical equipment found in industrial facilities? How could this model be set-up, operated and managed? What are the advantages for our customers, our partners and ABB Drives? How can you help solve the evident questions related to the development?
Impress us with your solution that helps us and our customers to take the leap into this new business model.
Solutions to this challenge could involve new sales models or contract types, remote monitoring systems to report performance, new sales, marketing and invoicing approaches.
Your concept or innovation should be capable of delivering benefits to the customers of ABB Drives such as:
If you have an innovation or solution which addresses all or part of the challenge above, we would like to hear from you! We are looking to support the development of relevant technologies, provide access to funding, R&D expertise or customers and markets.
Let’s write the future together
Complete and submit a short application form on this site before 16th August 2019 – only include information already in the public domain
We select the best ideas and ventures during August and September 2019 and contact them directly to invite the winners to attend our November pitch day event
Pitch your idea or venture directly to ABB Drives - we will select the best ideas or ventures to receive an offer from ABB Drives
We will make you an offer which could include funding, lab access, venture support or market access based on your needs
If you are ready, we can provide support to access global markets or provide direct access to customers for in-market testing or initial sales
We can provide access to industrial drives to further test, refine or prove your solution - we can also provide access to world-class technology experts and provide shared lab space if required
Benefit from the advice and expert support of an experienced technology team to develop and accelerate your concept or venture towards funding and revenues
Investment in return for a share of equity - the level of funding will be based on what it takes to get your concept or business to the next significant milestone
|3 June 2019||Applications open|
|16 August 2019||Application deadline|
|August and September 2019||Shortlisted candidates will be contacted for interviews|
|November 2019||Live pitch event and final selection|
ABB Drives is a pioneering technology leader that works closely with utility, industry, transportation and infrastructure customers to write the future of industrial digitalization and realize value.
The ABB Drives CCC Program is now entering its 3rd year of delivering value for the business through collaborations with selected ventures. Discover what makes the ABB Drives approach different here