Plug and Play Announces Partnership with Unibail-Rodamco-Westfield Airports

Partnership to accelerate innovation and drive enhanced customer experience

SUNNYVALE, CA, August 31, 2023 - Plug and Play, the world’s largest corporate innovation platform and the most active VC worldwide, today announced its partnership with Unibail-Rodamco-Westfield (URW) Airports. URW is an owner, developer and operator of sustainable, high-quality real estate assets across the U.S. and Europe with a premier portfolio of airport and transit commercial programs. Plug and Play will partner with URW to further the company's mission of providing customers with a more seamless travel experience while driving commercial performance to the benefit of all stakeholders.

Headquartered in the heart of Silicon Valley, Plug and Play is a global innovation platform that brings together the best startups with the world's largest corporations. Through this partnership, URW Airports will enhance its visibility and gain early access to the global startup community.

“Putting the customer first is paramount to everything we do, and partnering with Plug and Play will enable us to quickly bring to market some of the most exciting, innovative, and relevant customer solutions across our Airports portfolio,” said Dany Nasr, URW Airports CEO. “This partnership is about connecting with thought leaders across technology, travel, and customer experience to challenge the status quo, enhance the airport experience, and drive customers to expect the exceptional when traveling through one of our programs. We can’t wait to get started.”

Plug and Play's Travel & Hospitality program launched in 2016 and has since expanded to six locations around the world. Since its inception, the Travel & Hospitality program has accelerated over 250 startups and worked with some of the most innovative corporations in the industry. With this partnership, Plug and Play's goal is to complement URW’s innovation roadmap through vetted introductions to promising travel technologies that will seek to enhance a passenger’s journey through airports including shorter queues and an innovative digital marketplace that will provide a seamless experience through the terminal.

“We're absolutely excited to welcome URW Airports to the Plug and Play corporate innovation ecosystem. We believe this will be an impactful partnership, one that aligns with their ongoing commitment to innovation and digital transformation,” said Amir Amidi, Plug and Play Managing Partner. “URW's track record speaks for itself, from introducing contactless mobile ordering at airports to fostering partnerships and investments in startups, their efforts resonate with our shared goal of enhancing the traveler experiences.”

“With our combined resources and connections, we're looking forward to supporting URW's innovative initiatives and pushing the boundaries of what's possible in the world of travel,” said Mike Sung, Plug and Play Director, Partner Success. “It's a partnership that holds the promise of exciting developments for travelers everywhere.”

About Plug and Play

Plug and Play is the leading innovation platform, connecting startups, corporations, venture capital firms, universities, and government agencies. Headquartered in Silicon Valley, we're present in 50+ locations across five continents. We offer corporate innovation programs and help our corporate partners in every stage of their innovation journey, from education to execution. We also organize startup acceleration programs and have built an in-house VC to drive innovation across multiple industries where we've invested in hundreds of successful companies including Dropbox, Guardant Health, Honey, Lending Club, N26, PayPal, and Rappi. For more information, visit https://www.plugandplaytechcenter.com/

About Unibail-Rodamco-Westfield

Unibail-Rodamco-Westfield is an owner, developer and operator of sustainable, high-quality real estate assets in the most dynamic cities in Europe and the United States.

The Group operates 78 shopping centres in 12 countries, including 45 which carry the iconic Westfield brand. These centres attract over 900 million visits annually and provide a unique platform for retailers and brands to connect with consumers. URW also has a portfolio of high-quality offices, 10 convention and exhibition venues in Paris, and a €3 Bn development pipeline of mainly mixed-use assets. Currently, its €52 Bn portfolio is 87% in retail, 6% in offices, 5% in convention and exhibition venues, and 2% in services (as of December 31, 2022).

URW is a committed partner to major cities on urban regeneration projects, through both mixed-use development and the retrofitting of buildings to industry-leading sustainability standards. These commitments are enhanced by the Group’s Better Places 2030 agenda, which strives to make a positive environmental, social and economic impact on the cities and communities where URW operates.

URW’s stapled shares are listed on Euronext Paris (Ticker: URW), with a secondary listing in Australia through Chess Depositary Interests. The Group benefits from a BBB+ rating from Standard & Poor’s and from a Baa2 rating from Moody’s.

For more information, please visit www.urw.com