Brazilian Aircraft Manufacturer "Lands" in Silicon Valley
June 22, 2017
On March 14, 2017 Embraer (one of the largest aircraft manufacturers in the world) announced they are forming innovation teams in Silicon Valley and in Boston (USA). The objective is to explore business opportunities in the future of air transportation, with the collaboration of startups, investors, academia, and corporations. The team will seek partnerships that enable new business models and technologies. Operations will begin this month.
Antonio Campello, who is currently Director of Corporate Innovation, will lead the initiative reporting directly to Embraer’s CEO. Campello has broad experience with leadership roles in engineering, technology and business development, industrial integration and corporate strategy departments. “A major transformation is unfolding worldwide, and it has been accelerated by the evolution of artificial intelligence, robotics, virtual reality, and autonomous vehicles, immensely contributing to millions of people's lives. This is yet another step that Embraer is taking as a key player in transforming global air transportation,” says Campello.
Annually, Embraer invests nearly 10% of its revenues in research, development, innovation and improvement of its industrial facilities. Almost half of the company's income today comes from innovations or significant improvements implemented over the last 5 years.