January 13, 2022
Global Brain partners with Mitsubishi Electric on its corporate venture capital fund
Global Brain Corporation (Global Brain) and Mitsubishi Electric Corporation (TOKYO: 6503, Mitsubishi Electric) 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.
Through the ME Innovation Fund, Global Brain and Mitsubishi Electric 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.
As a general partner of the Fund, Global Blain aims to find promising startups and conduct due diligence and investment decisions. Furthermore, Global Brain will provide portfolio startups with hands-on support to co-create successful businesses and companies.
https://www.MitsubishiElectric.co.jp/news/2022/0113.pdf
About Mitsubishi Electric Corporation
- Name
- Mitsubishi Electric Corporation
- Address
- Tokyo Building, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo 100-8310, Japan
- Representative
- Kei Uruma
- Founded
- January 15, 1921
- Business Operation
- Manufacture and sales of electric and electronic equipment used in Energy and Electric Systems, Industrial Automation, Information and Communication Systems, Electronic Devices, and Home Appliances.
About ME Innovation 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
About Global Brain
- Location
- Tokyo, Japan
- Representative
- Yasuhiko Yurimoto
- Founded
- January 1998