Mitsubishi Electric, Global Brain Launch “ME Innovation Fund”

Rhea-AI Summary

Mitsubishi Electric Corporation has launched the ME Innovation Fund, a corporate venture capital fund aimed at investing 5 billion yen over the next ten years. Collaborating with Global Brain Corporation, the fund will focus on supporting global startups particularly in the domains of digital and green innovation. This initiative reflects the company's commitment to open innovation and adapting to evolving environmental and technological challenges.

Positive

• Launch of the ME Innovation Fund with a commitment of 5 billion yen over 10 years.
• Focus on global startups in digital and green innovation sectors.
• Collaboration with Global Brain Corporation provides expertise and resources.

Negative

• None.

A corporate venture capital (CVC) fund targeting new businesses creation through open innovation

TOKYO--(BUSINESS WIRE)-- Mitsubishi Electric Corporation (TOKYO: 6503) and Global Brain Corporation announced today their immediate launch of the ME Innovation Fund, a corporate venture capital (CVC) fund that will invest in and partner with startups across the world. The fund will operate with a commitment to invest five billion yen in capital over the next ten years.

Today, open innovation has become increasingly important in the effort to adapt quickly to changes in the business world, including diversifying needs of customers and societies, growing environmental awareness, and the rapidly developing technology.

Through the ME Innovation Fund, Mitsubishi Electric and Global Brain will invest in and support the growth of global startups thought to have potential for breakthrough innovations primarily in the digital and green-innovation domains. In addition to financing, the fund will provide wide-ranging business knowledge and management support as well as technology, aiming to realize promising new businesses that can collaborate with Mitsubishi Electric to contribute to a more sustainable world.

Overview of the fund

Name	ME Innovation Fund L.P.
Fund Size	5 billion yen
Management Period	10 years
Investment Target	Global startups with potential to collaborate with Mitsubishi Electric, particularly in the domain of digital and green innovation.
General Partner	Global Brain Corporation
Limited Partner	Mitsubishi Electric Corporation

For the full text, please visit: www.MitsubishiElectric.com/news/

View source version on businesswire.com: https://www.businesswire.com/news/home/20220112005431/en/

Media Inquiries

Komatsu Takeyoshi

Public Relations Division

Mitsubishi Electric Corporation

prd.gnews@nk.MitsubishiElectric.co.jp

www.MitsubishiElectric.com/news/

Source: Mitsubishi Electric Corporation

FAQ

What is the ME Innovation Fund launched by Mitsubishi Electric?

The ME Innovation Fund is a corporate venture capital fund that aims to invest 5 billion yen over ten years in global startups, focusing on digital and green innovation.

How much capital will the ME Innovation Fund invest?

The ME Innovation Fund will invest a total of 5 billion yen over the next ten years.

Who are the partners involved in the ME Innovation Fund?

The partners involved in the ME Innovation Fund are Mitsubishi Electric Corporation and Global Brain Corporation.

What sectors does the ME Innovation Fund target?

The ME Innovation Fund targets global startups primarily in the digital and green innovation domains.

What is the purpose of the ME Innovation Fund?

The ME Innovation Fund aims to support the growth of startups that can collaborate with Mitsubishi Electric to foster innovation and sustainability.