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Participation in Open Innovation Ecosystem as Founding Partner for Plug and Play Japan

September 7, 2017

Fujikura Ltd. (Headquarters: Koto-ku, Tokyo; President and CEO: Masahiko Ito; hereinafter referred to as Fujikura) has formed a founding partnership with Plug and Play Japan (Headquarters: Shibuya-ku, Tokyo; CEO and Managing Partner: Phillip Seiji Vincent).

Fujikura is currently implementing measures aimed at accelerating its metabolism by adding new value to its four market areas (Advanced Communication, Energy & Industry, Life-Assistance, and Vehicle) through open innovation, as part of the first phase of its efforts for achieving the 2030 Vision (announced this March).

Plug and Play (California, United States), which is the parent company of Plug and Play Japan and is based in Silicon Valley, is the world's leading startup accelerator and supports and invests in venture companies. Since its establishment in 2006, Plug and Play has invested in about 150 companies every year, and has produced numerous leading venture companies, including Dropbox, PayPal, and most recently, Lending Club. Today, Plug and Play has expanded its offices to 10 countries around the globe, and it is now playing a major role in building a global venture ecosystem.

By participating in Plug and Play Japan's startup acceleration program on this occasion, Fujikura, in addition taking on the challenge of creating new business opportunities by partnering with various venture companies, will actively support Plug and Play Japan's efforts aimed at producing a succession of mega ventures that will take the world by storm, in order to revitalize Japan's economy.