Plug and Play launches new location in McKinney, Texas

Global innovation platform Plug and Play, has entered into a strategic partnership with the McKinney Economic Development Corporation (McKinney EDC), to establish a new office in McKinney, Texas. This collaboration will bring Plug and Play's ecosystem to McKinney, bolstering the city's commitment to become a vibrant hub for entrepreneurs. The inaugural program at this location will be focused on Enterprise & AI.

Saeed Amidi, Founder and CEO, Plug and Play: "As Plug and Play expands its presence in the United States, we are excited to join forces with the McKinney Economic Development Corporation to launch a new office in McKinney, Texas. This strategic partnership reinforces our commitment to driving innovation and nurturing startups in local communities. Together, we look forward to fostering a culture of continuous exploration and growth in North Texas."

McKinney's partnership with Plug and Play is set to invigorate the local innovation landscape by connecting startups, partners, clients, and investors. This announcement is evidence of Plug and Play's resounding commitment to boosting the startup ecosystem in Texas and paves the way for regional collaborations with other cities in their portfolio to further our shared missions. Startup applications for all programs will open in early 2024.

Michael Kowski, President and CEO, McKinney Economic Development Corporation: "We are incredibly passionate about and intentional with innovation here in McKinney. This partnership represents a deepened commitment to partner with like-minded organizations that will further strengthen that culture of innovation and technology in our own hometown. We are thrilled to welcome Plug and Play to McKinney as we look to the future of technology in McKinney and this region as a whole."

George Fuller, Mayor, City of McKinney, Texas: "We are thrilled to welcome Plug and Play to our community. Their innovative spirit and dedication to supporting entrepreneurship and AI will undoubtedly bring great things to our city. We look forward to seeing their impact on McKinney and the North Texas region. MEDC's Innovation Fund has been instrumental in providing critical resources and support to early-stage companies and helping to fuel our local economy. We are excited to see the impact this fund will continue to have in the coming years as our city remains committed to supporting innovation and entrepreneurship in McKinney."

With a global presence in over 50 locations, Plug and Play positions its partners at the forefront of industry trends and supports them throughout their innovation journey. Plug and Play's current network is comprised of over 550 corporate, government, venture capital, and university partners who seek collaboration with or investment in early-stage startups. Over the past 17 years, Plug and Play has invested in over 1,600 companies.

Michael Olmstead, Chief Revenue Officer, Plug and Play: "Partnering with the McKinney Economic Development Corporation marks a significant milestone in our mission to amplify innovation in new regions. Through this collaboration, we aim to create a dynamic entrepreneurial landscape and spearhead advancements in Enterprise & AI in McKinney, Texas."

www.plugandplaytechcenter.com