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Multinational Ranked Among the 100 Best Companies with Innovation Potential and 4th Place in the Construction and Real Estate Sector Ranking
The week started off very well for Andrade Gutierrez, a major multinational that has been operating in Brazil since 1948. After all, last Tuesday (18), the company ranked among the 100 best in the TOP Open Corps 2022 Ranking for innovation and partnership with startups nationwide. Furthermore, the multinational took home 4th place in the sector ranking for construction and real estate.
These results are the outcome of a lot of work over the past few years for innovation and modernization of all the company’s products and services. The numbers are impressive: there were more than 1500 connections with startups since 2018, to attract innovative ideas and optimize processes. All of this was achieved through Vetor AG, the first open innovation program within engineering in Brazil. Want to know more? Continue reading.
Learn More About Andrade Gutierrez with the Institutional Video Below
Company Achieved a Ranking Position for the 4th Time and Vetor AG is the Main Driver of Success in Innovation with Startups
The TOP Open Corps 2022 ranking aims to showcase the recognition of companies that practiced open innovation and relationships with startups the most in the past year. In this sense, Andrade Gutierrez Construction reached a good position among the 100 best companies for the 4th time.
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However, the top managers at Andrade Gutierrez, such as Daniel Medina, point out that Vetor AG is the key reason for these results. After all, it is the first open innovation program in the engineering sector in Brazil and has been around since 2018. Over the years of its existence, Vetor AG has accelerated more than 30 initiatives and contracted over 20 solutions.
“Currently, AG is heavily investing in direct innovative processes for the construction company. With the 5th cycle of Vetor AG innovation underway, our expectation is to contract new market solutions and make more connections with startups. The goal is to provide the best and most efficient service to our clients.”
André Medina, Innovation Manager at Andrade Gutierrez (2022)
About the TOP Open Corps Ranking
The TOP Open Corps Ranking is one of the largest corporate rankings in Latin America and in 2022 completed its sixth edition with great success. The calculation of this ranking is based on the relationship between companies and startups seeking innovation. In this sense, it awards companies that have made the most partnerships with startups, as well as the most attractive startups in the innovation segment.
About Andrade Gutierrez and Vetor AG
The construction company Andrade Gutierrez was founded in Belo Horizonte, Minas Gerais, in 1948 and has since brought innovation to Brazil. However, it is a large-scale company and is prominent and renowned in the national scenario, with significant works for national development.
Since its inception, the corporation has worked on various projects related to infrastructure, urban mobility, mining, energy, oil and gas, among others. However, feeling the need for innovation and modernization in the sector, it created the Vetor AG initiative in 2018 in search of major partnerships with startups and technology solution companies.
Vetor AG is known as the first open innovation program in the engineering and construction sector. Thus, it enhances Andrade Gutierrez’s prominence in the national scene and increases competitiveness. However, this initiative establishes important connections with innovative startups, pointing to more effective and cost-efficient solutions in the market.
The Vetor AG initiative brought recognition as the 18th most innovative company in Brazil. And during these 4 years of existence, it is already in its fifth cycle of open innovation with more than 220 entries from national and international participants.
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