The Executive Committee of the Business Factory Auto (BFA) has selected the Muutech Monitoring Project as one of the 20 business projects to participate in the third edition of the BFA, in Vigo, in its consolidation phase.
The Committee, made up of representatives of the Xunta de Galicia, the Consortium of the Zona Franca de Vigo, Groupe PSA and CEAGA, selected, as guests to participate in its third acceleration program, innovative national and international projects. This third the edition will be more international thanks to the presence of projects coming from the Emirates and Germany.
The consolidation phase for more mature projects will have the presence of 7 companies of the second edition and 3 new ones that have joined the initiative this year.
The balance of the initiative is being very positive after two editions already finished and one about to start, since 22 companies have been created (plus 13 new ones in this third call), more than 150 jobs, and 10 million euros turnover. In addition, gaps have been filled in the sector's value chain, mainly related to digitization or Industry 4.0, and talent and innovation have been generated in the environment of Vigo and the Galician community.
In this third call there has been a record of participation, since 62 projects from 9 different countries were presented (Spain, Portugal, France, Germany, Hungary, Romania, Lithuania, Taiwan and Dubai), all of them related to digital transformation.
The BFA, which started on October 15th, is a new challenge for Muutech. After a successful passage through the acceleration phase where we have gained visibility and shown our solutions, especially in the Galician automotive world, now we have the challenge of continuing to evolve and grow as we have done so far, but above all learning day to day and adapt to the global market, so competitive.