ME Innovation Fund

Overview

ME Innovation Fund is a corporate venture capital fund established by Mitsubishi Electric Corporation to invest in innovative startups, aiming to drive technological advancements and foster co-creation. The fund focuses on startups with potential for collaboration within Mitsubishi Electric's 12 business domains and in digital and green innovation sectors. It invests in both domestic and international startups, including those in Japan, Singapore, Israel, the United States, and New Zealand. The fund's investment stages range from Pre-Series A to Series B, with a total fund value of 5 billion yen and a duration of 10 years. The fund is managed jointly by Mitsubishi Electric Corporation and Global Brain Corporation, with a dedicated team overseeing its operations. The fund's mission is to believe in the possibilities of technology and make a difference in the world by connecting Mitsubishi Electric Group with startups. Through this initiative, Mitsubishi Electric aims to integrate its extensive manufacturing and control expertise with innovative technologies from startups to accelerate the development of digital transformation solutions that address various manufacturing challenges. The fund has made several investments, including in startups like Things, Inc., which develops AI-assisted product lifecycle management systems, and Archeda, Inc., which uses satellite data to monitor and analyze carbon credits. These investments reflect the fund's commitment to supporting startups that aim to solve social issues and build sustainable partnerships with Mitsubishi Electric. The fund's investment philosophy emphasizes the utilization of management resources possessed by the Mitsubishi Electric Group, leveraging its experts in a wide range of business areas to support business and technology development. It seeks to invest in startup companies that possess innovative technologies and novel ideas, aiming to create medium- to long-term relationships with Mitsubishi Electric as a partner for the realization of a sustainable society. The fund's approach is to actively invest in startups that continue to take on challenges and contribute to technological advancements and societal transformation. Through its investments, ME Innovation Fund strives to foster innovation and collaboration, driving growth and competitiveness for both Mitsubishi Electric and the startups it supports.

Investment Focus

• Innovative technologies
• Novel ideas
• Potential for collaboration with Mitsubishi Electric
• Focus on digital and green innovation
• Aim to solve social issues
• Medium- to long-term partnership potential
• Commitment to sustainable society

Portfolio Companies