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Tuesday, December 12, 2023

Sotetsu Accelerator Program 2022" Adopts Co-Creation Proposals with Four Companies! Toward solving regional and social issues

Sotetsu Holdings, Inc. held a presentation meeting for the demonstration experiment under the "Sotetsu Accelerator Program 2022" and adopted a co-creation proposal with four companies!

Adopted a co-creation proposal by four companies to solve regional and social issues

Sotetsu Holdings, Inc. (headquartered in Nishi-ku, Yokohama; Hideyuki Takizawa, President) held a presentation meeting for a demonstration experiment under the "Sotetsu Accelerator Program 2022" (hereafter "the Program"), and has now adopted a joint creation proposal with four companies.

Through open innovation*1 with startup companies*2 through this program, we aim to build an innovation ecosystem that makes the most of the Sotetsu Group's wide range of businesses and management resources, especially along the Sotetsu Line.

Under the theme of "Creating a life that makes everyone smile, mobility, and a future beyond their imagination," this program has been calling for co-creation proposals since December 27, 2022. This time, out of 48 applications, we have adopted co-creation proposals with 4 start-up companies.

By utilizing the diverse and abundant management resources of the Sotetsu Group, which operates businesses in the Yokohama area, and by incorporating new ideas and technology as well as innovative approaches and know-how from startup companies, the program will work to solve management issues and expand into new business domains. The demonstration experiment under this program is scheduled to start in late April and last for approximately three months.

The Sotetsu Group is working to expand its business domain in accordance with the "Group Management Policy" of its "Vision 2030" long-term vision. Through this program, the Sotetsu Group will consider entering new business fields through collaboration between the Sotetsu Group and startup companies, with the aim of providing new value and services that will help solve regional and social issues.

1 Fast-growing companies that challenge existing markets by creating unprecedented business models with unique technologies and ideas.
2 A system for co-creating innovative businesses and services by not only relying on the company's own management resources and technologies, but also by collaborating with external parties.

Sotetsu Group Management Resources ①.
Sotetsu Group Management Resources (2)

Outline of the Sotetsu Accelerator Program 2022

General comments on adoption
Comprehensive evaluation was made on the six axes of "customer value," "consistency with theme," "resource synergy," "feasibility," "growth potential," and "profitability" in co-creation proposals with startups, and startups that provide new value or create services that lead to solutions to regional or social issues were selected.

List of adopted companies (in alphabetical order)

Company NameCo-Creation Company
EQUES, Inc.https://www.eques.co.jp)
Proposal Summary
Reducing food loss by forecasting demand for prepared foods
Sotetsu Rosen Co.
LocationMind, Inc.https://locationmind.com)
Proposal Summary
Improvement of bus schedules through analysis of human flow and travel supply using GPS data
Sotetsu Bus Co.
Menu For Todayhttps://menu4today.co.jp)
Proposal Summary
Acceptability verification of a new service to support "dual-earner households with child-rearing" using AI.
Sotetsu Rosen Co.
x garden(https://x-garden.co.jp)
Proposal Summary
Utilizing XR in the remodeling business to realize space proposals tailored to individual homes
Sotetsu Reform Co.

Outline of the Sotetsu Accelerator Program 2022

Application period
December 27, 2022 - January 20, 2023

2. individual theme
(1) Provide safe and reliable bus transportation
(2) Improve productivity and store security using DX
(3) Development of next-generation facilities through DX in retail, office, and residential sectors
(4) Environmentally sustainable community development

■ Program Details

Participating Companies
Sotetsu Bus, Sotetsu Rosen, Sotetsu Real Estate, Sotetsu Urban Creates, Sotetsu Building Management, Sotetsu Reform, Sotetsu Enterprise, Sotetsu Business Service, a total of 8 companies

Management resources that can be utilized *Details at the time of application
(1) Transportation network through bus services
(2) Network of supermarkets (53 stores)
(3) Large-scale commercial facilities centered on the west exit of Yokohama Station and residential development in the Tokyo metropolitan area
(4) Internal and external networks including sustainability-related companies outside the Sotetsu Group as well as the Sotetsu Group

5. Operational Structure
Organizers: Sotetsu Holdings, Creww Co.
Supported by: Yokohama City Economic Bureau, Sumitomo Mitsui Banking Corporation

6. schedule (tentative)
April to end of June Demonstration period
From July Evaluation and feasibility study

Sotetsu Accelerator Program 2022, an open innovation program by Sotetsu Group!

January 7, 2023

Would you like to work with the Sotetsu Group, an "urban development company", to create new values for future lifestyles and mobility? We are looking for a person who can create new values for future life and transportation with the Sotetsu Group, a "community development company" .

October 28, 2021
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