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Sunday, December 3, 2023

Plug and Play Japan to Launch New Accelerator Program "Energy" in Summer 2021

Plug and Play Japan will launch a new industry theme, "Energy," in the summer of 2021, the ninth Plug and Play Japan program after IoT, Fintech, Insurtech, Mobility, Brand & Retail, Health, Smart Cities, and New Materials.
Toshiba Corporation, Tokyu Land Corporation, ENEOS Corporation, and Mitsubishi UFJ Financial Group are the founding partners of the program, which will be expanded in the future.

Background of the launch of the new accelerator program "Energy

Plug and Play's Silicon Valley headquarters launched the Energy & Sustainability program in 2016 and now has 20 leading companies from various industries as corporate partners. The company has been supporting startups by opening a base of activities dedicated to the Energy domain in Houston.

As countries become more aware of the need to reduce greenhouse gas emissions as a result of the 2016 Paris Agreement, the Energy domain is attracting more attention than ever before.

In Japan, it has been announced that the country aims to become "carbon neutral" by 2050, reducing overall greenhouse gas emissions to zero. Furthermore, the basic policy of the government's energy policy is "3E+S," which is based on the premise of safety, stable energy supply, economic improvements such as lower electricity costs, and the goal of reducing greenhouse gas emissions by approximately 261 TP3T by 2030 compared to the fiscal 2013 level (*1).

Sustainability activities among Japanese companies are becoming more and more active, and innovation in a wide range of areas is inevitable to realize the goals set by the government.
On the other hand, a certain period of time is required for investment and business implementation in the Energy domain, so it is necessary to form an ecosystem at an early stage.

Therefore, Plug and Play Japan has decided to launch a new energy program in order to quickly build a startup ecosystem in the energy field.

Learn more about the Energy program

The Energy program will start from Summer/Fall 2021 Batch (*2) and will focus on the following areas

Cleantech (environmental protection technology)
Circular Economy
CCUS: Carbon Dioxide Capture, Utilization and Storage
DER: Distributed Energy Resources
Smart Cities

About Plug and Play

Founded in 2006 in Silicon Valley with a mission to accelerate innovation around the world by connecting startups, major companies, and investors. Currently operating in more than 30 locations in 18 countries, the company has invested in more than 1,000 companies as a venture capital firm, including Paypal, Dropbox, and Guardant Health, and has produced numerous unicorn companies. As an accelerator, it has supported the commercialization and business growth of more than 2,000 startups through more than 1,000 programs and events, with more than 500 partner companies participating in 2020.

Plug and Play HP:https://www.plugandplaytechcenter.com/about/

About Plug and Play Japan

Plug and Play Japan was established in 2017 as the Japanese arm of Plug and Play, a world-class accelerator/venture capital firm. Today, more than 40 leading companies in various industries are participating as partners. The company's strengths are "providing consortium-type programs," "providing global-level accelerator programs," and "supporting startups through venture capital investment, The company aims to build an innovation platform by supporting the co-creation of startups with innovative technologies and ideas with major companies.

name of companyPlug and Play Japan
EstablishmentJuly 14, 2017
LocationShibuya Center Place 3F, 1-16-3 Dogenzaka, Shibuya-ku, Tokyo 150-0043, Japan
representativeVincent Philippe, President and Representative Director
uniform resouce locatorhttp://japan.plugandplaytechcenter.com/

*1: See "2020 - Japan's Energy Challenges", Agency for Natural Resources and Energy, Ministry of Economy, Trade and Industry.
*2: "Batch" is a unit that represents an accelerator program implemented for a certain period of time at Plug and Play Japan.

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