Plug and Play Japan Co., Ltd. Plug and Play Japan signs “anchor partnership” in the IoT field with Mitsubishi Electric
Plug and Play Japan K.K.
Plug and Play Japan concludes “anchor partnership” with Mitsubishi Electric in IoT field
Plug and Play Japan Co., Ltd. (Headquarters: Shibuya-ku, Tokyo; President and CEO: Vincent Philippe; hereinafter “Plug and Play Japan”) is Mitsubishi Electric Corporation (Headquarters: Chiyoda-ku, Tokyo; President and CEO: Takeshi Sugiyama) (“Mitsubishi Electric”) and an “anchor partnership” agreement in the IoT field.
Plug and Play is a world-class global venture capital / accelerator that supports startups with innovative technologies and ideas together with major companies.
At present, we are implementing a theme-based acceleration program twice a year with 36 corporate partners in Japan, and this time we have welcomed Mitsubishi Electric as a new partner of the IoT Program. Since its founding in 1921, Mitsubishi Electric has been providing a variety of products, systems and services from homes, offices and factories to social infrastructure that supports people’s lives. Under the corporate statement “Changes for the Better,” We are working every day for “Tomorrow”.
Plug and Play will support co-creation with a variety of wonderful startups in Japan and overseas to contribute to Mitsubishi Electric’s corporate philosophy of “improving technology, services and
■ Comment from Mr. Yutaka Ohashi, Executive Vice President,
Information Systems Business Division, Mitsubishi Electric Corporation Mitsubishi Electric is promoting value creation initiatives in four areas: life, which represents living, industry that creates what is needed for life, infrastructure that supports society, and mobility that connects these. While the use of digital technology is expected to solve social issues and contribute to the achievement of the SDGs, the Information Systems Business Promotion Division, which is in charge of the information systems and services business, accelerates open innovation through participation in this program, We aim for business creation and development.
Plug and Play Japan Acceleration Program
Acceleration program implemented in the period from June to September 2019 * 3 “Summer / Fall 2019 Batch” is a corporate partner in Japan in five fields (IoT, Fintech, Insurtech, Mobility, Brand & Retail). Together with 31 major companies, we supported 69 startups in Japan and overseas. Summit (commonly called Demo Day), a result presentation held at Toranomon Hills Forum on September 18 and 19, 2019, 61 selected startups announced results for three months over two days . The total number of visitors during the two days was 2,004.
Currently, “Winter / Spring 2020 Batch” is being implemented from December 2019 to March 2020. We have adopted 36 corporate partners and 94 startups in Japan and overseas, and are implementing various initiatives such as matching sessions and events.
About Plug and Play
Plug and Play is a global venture capital / accelerator that supports startups with innovative technologies and ideas, together with leading companies.
We run more than 50 acceleration programs each year and provide innovation to more than 300 companies. It is also the world’s most active venture capital in terms of investment volume.
Since its inception in 2006, we have accelerated more than 2,000 companies and raised more than $ 7 billion. Silicon Valley
headquarters has more than 500 startups throughout the year. In 2018, the program supported more than 560 US startups and more than 1,100 startups globally. Currently, Plug and Play Japan has been established in July 2017 as its Japanese branch office, expanding to more than 30 locations in 14 countries around the world.
Name Plug and Play Japan Co., Ltd.
Location 〒150-0043 1-10-8 Dogenzaka, Shibuya-ku, Tokyo Shibuya Dogenzaka Tokyu Building 2F
Representative: President and CEO Vincent Philip
Date of establishment July 14, 2017
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