TOP PAGE
ENGLISH
JAPANESE
|
CONNECT WITH US:
Home
About
Services
Contact
Log in
*
Home
Press release
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 ©2024 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.
Related Press Release
Hitachi Energy and SP Energy Networks to boost renewable energy flow
April 05 2024 16:15 JST
Hitachi Selected as "Excellent TCFD Disclosure" by GPIF's External Asset Managers for the Third Consecutive Year
April 05 2024 16:00 JST
JFE Steel and Hitachi Jointly Started Providing Solutions for the Steel Industry
March 26 2024 18:04 JST
Hitachi Selected as CDP Supplier Engagement Leader for the Third Consecutive Year
March 22 2024 15:04 JST
Hitachi Collaborates with NVIDIA to Accelerate Digital Transformation with Generative AI
March 19 2024 18:11 JST
Hitachi Vantara Announces Collaboration with NVIDIA to Create New Portfolio of Industrial AI Solutions
March 19 2024 11:35 JST
Hitachi High-Tech Launches High-sensitivity and High-throughput Wafer Surface Inspection System LS9300AD for Wafer Manufacturers
March 15 2024 10:21 JST
Hitachi Forges a Three Year Strategic Alliance with AWS to Advance Hybrid Cloud Solutions
March 11 2024 15:44 JST
Hitachi Energy and TransnetBW make German grid fit for future
February 15 2024 10:22 JST
Contributing to Efficient Development of Metal Thin Film Materials by Using Chemicals Informatics and Materials Informatics
February 09 2024 12:41 JST
More Press release >>
Latest Press Release
Mazda Production and Sales Results for March 2024 and for April 2023 through March 2024
Apr 25, 2024 18:21 JST
MHI Begins Operation of SOEC Test Module the Next-Generation High-Efficiency Hydrogen Production Technology at Takasago Hydrogen Park
Apr 25, 2024 17:45 JST
GAC Honda to Begin Sales of All-new e:NP2, the Second Model of e:N Series
Apr 25, 2024 16:50 JST
Toyota Exhibiting at Beijing Motor Show 2024
Apr 25, 2024 16:25 JST
Honda Reaches Basic Agreement with Asahi Kasei on Collaboration for Production of Battery Separators for Automotive Batteries in Canada
Apr 25, 2024 11:10 JST
UNIQLO Sponsors KAWS + Warhol Exhibition Tour, Starting in Pittsburgh
Apr 25, 2024 09:00 JST
Mitsubishi Power Begins Commercial Operation of Seventh M701JAC Gas Turbine in Thailand GTCC Project; Achieves 75,000 AOH To-Date
Apr 24, 2024 17:19 JST
MC and Denka Sign J/V Agreement in Fullerene Business
Apr 24, 2024 17:02 JST
Mitsubishi Motors Posts Record Sales in the Philippines in FY2023
Apr 24, 2024 13:56 JST
NEC Develops High-speed Generative AI Large Language Models (LLM) with World-class Performance
Apr 24, 2024 13:25 JST
Fujitsu SX Survey reveals key success factors for sustainability
Apr 23, 2024 10:25 JST
Fujitsu and METRON collaborate to drive ESG success: slashing energy costs, boosting productivity with new manufacturing industry solutions
Apr 22, 2024 16:09 JST
NEC Strengthens Commitment to Space Industry with Investment in Seraphim Space Venture Fund II
Apr 22, 2024 15:09 JST
Soft Space Launches the First and Only JCB Payment Gateway in Malaysia
Apr 22, 2024 15:00 JST
TOYOTA GAZOO Racing takes a one-two in Croatian thriller
Apr 22, 2024 10:47 JST
First-ever Mazda CX-80 Crossover SUV Unveiled in Europe
Apr 19, 2024 13:50 JST
Fujitsu develops technology to convert corporate digital identity credentials, enabling participation of non-European companies in European data spaces
Apr 19, 2024 10:17 JST
Mitsubishi Heavy Industries and NGK to Jointly Develop Hydrogen Purification System from Ammonia Cracking Gas
Apr 18, 2024 17:01 JST
Toyota Launches All-New Land Cruiser "250" Series in Japan
Apr 18, 2024 13:39 JST
Fujitsu and Oracle collaborate to deliver sovereign cloud and AI capabilities in Japan
Apr 18, 2024 11:14 JST
More Latest Release >>