Mitsubishi Electric, Global Brain Launch “ME Innovation Fund”

By • on January 13, 2022

Business Wire reported that -Mitsubishi Electric Corporation and Global Brain Corporation have launched  the ME Innovation Fund, a corporate venture capital fund targeting new businesses creation through open innovation 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.

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