Japan: Partnership Agreement Mitsui Chemicals Partners with Silicon Valley Tech Firm
Mitsui Chemicals announced that it has entered into a materials sector-based partnership agreement with Plug and Play, a Silicon Valley-based firm that supports the growth of startups.
Tokyo/Japan — Operating on a global scale, Plug and Play is a venture capital firm and startup accelerator, working alongside major companies to support startups that possess innovative technologies and ideas. Since its establishment in 2006, the company has supported more than 2,000 startups, providing more than $ 7 billion in financing and helping to turn out numerous unicorn companies*.
By forming a partnership agreement with Plug and Play, Mitsui Chemicals plans to gain more points of contact with both Japanese and overseas startups, bringing about more chances to share technologies, products and services with these startups. This strategy is intended to support the early commercialization and growth of startups while also strengthening existing businesses and accelerating the company’s creation of new businesses.
Going forward, the Japanese group intends to utilize Plug and Play’s network to realize innovations. Mitsui Chemicals aims through this to further strengthen its existing businesses, as well as develop new ones, in a continued effort to help resolve social issues.