Oct 04, 2021 17:01 JST

Source: Hitachi, Ltd.

Hitachi Establishes a New Corporate Venture Capital Fund to Expand Strategic Investments in the Environment and Healthcare

TOKYO, Oct 04, 2021 - (JCN Newswire) - Hitachi, Ltd. (TSE: 6501) today announced that it established a second fund for Hitachi Ventures (HV), the corporate venture capital (CVC) arm of Hitachi. The second fund will make strategic investments in innovative startups, particularly in the growth fields of environment and healthcare, which are part of Hitachi's key business focus areas.

Hitachi established HV in 2019 and launched the first fund(1), which has been investing in innovative startups with digital technologies and new business models in Hitachi's business sectors. To date, HV has initiated investments in 11 startups in the areas of industrial AI/IoT, data management / computing, digital healthcare, and life sciences. Through these investments, Hitachi is promoting innovation by leveraging its assets and capabilities to develop new markets and propose new solutions. In recognition of these activities, Stefan Gabriel, CEO of HV, was selected as the Top 25 in the GCV Powerlist 2021(2), which identifies outstanding CVC entrepreneurs.

With the aim of accelerating innovation in the environmental and healthcare fields, where Hitachi is focusing its efforts, Hitachi now established a second fund to strengthen its investment in startups that create environmental value by addressing climate change and promoting resource efficiency, as well as social value through healthcare, including medicine and pharmaceuticals. HV's second fund begins with a size of $ 150 million. Leveraging HV's global network, Hitachi willaccelerate growth by discovering startups that take on the challenge of advanced technologies and advanced business models, and by strengthening collaboration in both investment and co-creation.

HV is investing in open innovation to strengthen innovation capabilities towards continued growth. Hitachi will achieve growth through innovation by developing advanced technologies through research and development, and by collaborating and partneringwith startups.

Keiji Kojima, President and COO, Hitachi, Ltd., said: "Hitachi is originally a venture company that was born in the mine. Through the second fund, we will support and collaborate with startups which have innovative technologies predominantly for environmental and healthcare businesses. We will work together to develop technologies and create businesses to solve the social issues of 2050, and to develop markets globally. As a principal partner of COP26, we would like to work together towards the realization of a decarbonized society and become a Climate Change Innovator.

"Through open innovation with startups that share the same aspiration to contribute to society, we will create new values that leverage cutting-edge technologies, and further accelerate business growth in the areas of the environment, resilience, and security & safety, which are Hitachi's key areas of focus, as well as the global expansion of our Social Innovation Business."

(1) News Release dated April 26, 2019 titled "Hitachi Establishes the Corporate Venture Capital Fund to Support Startups as an Innovation Partner" https://www.hitachi.com/New/cnews/month/2019/04/190426c.html
In the above release, the name of the CVC fund was described as "Hitachi Ventures Fund", but the official name is now "HV Fund".
(2) Selected annually from more than 3,000 CVCs worldwide by Global Corporate Venturing, a data provider for the CVC industry.
https://globalcorporateventuring.com/gcv-powerlist-2021-25-stefan-gabriel/

Source: Hitachi, Ltd.
Sectors: PE, VC & Alternatives

Copyright ©2021 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

Related Press Release


Hitachi ABB Power Grids Consortium Awarded Major Contract
October 06 2021 13:13 JST
 
Hitachi Partners with Bao Viet Insurance to Drive Innovation in Insurance Business using AI and Medical Big Data
October 01 2021 17:07 JST
 
Hitachi: Compact, Lightweight Direct-Drive System to Make In-Wheel Electric Vehicles Closer to a Production Reality
September 30 2021 17:27 JST
 
Stereo Camera Adopted in Suzuki's New Wagon R Smile
September 30 2021 16:58 JST
 
GlobalLogic Launches Collaborative Hub Based In Lumada Innovation Hub Tokyo
September 28 2021 08:51 JST
 
Hitachi Sets New Target to Contribute to a Net Zero Society
September 13 2021 10:41 JST
 
Hitachi Elevator Philippines Receives 67 Elevators and Escalators Order for Its First Railway System Project
September 09 2021 12:57 JST
 
Hitachi: Damping Force Adjustment Absorber Adopted by Toyota for New Land Cruiser
August 30 2021 18:18 JST
 
Hitachi Rail Enters Agreement to Acquire Thales' Ground Transportation Systems Business
August 04 2021 14:25 JST
 
Hitachi Completes Acquisition of GlobalLogic
July 14 2021 09:27 JST
 
More Press release >>

Latest Press Release


More Latest Release >>