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Hitachi Establishes a Contemporary Corporate Endeavor Capital Fund to Make bigger Strategic Investments in the Environment and Healthcare

Hitachi Establishes a Contemporary Corporate Endeavor Capital Fund to Make bigger Strategic Investments in the Environment and Healthcare



TOKYO, Oct 04, 2021 – (JCN Newswire) – Hitachi, Ltd. (TSE: 6501) nowadays announced that it established a 2nd fund for Hitachi Ventures (HV), the company endeavor capital (CVC) arm of Hitachi. The 2nd fund will compose strategic investments in innovative startups, namely in the growth fields of ambiance and healthcare, which are section of Hitachi’s key enterprise focus areas.

Hitachi established HV in 2019 and launched basically the most crucial fund(1), which has been investing in innovative startups with digital applied sciences and novel enterprise fashions in Hitachi’s enterprise sectors. To this level, HV has initiated investments in 11 startups in the areas of business AI/IoT, knowledge administration / computing, digital healthcare, and lifestyles sciences. Thru these investments, Hitachi is promoting innovation by leveraging its assets and capabilities to fabricate novel markets and propose novel alternate ideas. In recognition of these activities, Stefan Gabriel, CEO of HV, was chosen as the High 25 in the GCV Powerlist 2021(2), which identifies outstanding CVC entrepreneurs.

With the target of accelerating innovation in the environmental and healthcare fields, where Hitachi is focusing its efforts, Hitachi now established a 2nd fund to toughen its investment in startups that fabricate environmental value by addressing native climate change and promoting helpful resource efficiency, apart from social value thru healthcare, including medication and prescribed tablets. HV’s 2nd fund begins with a size of $ 150 million. Leveraging HV’s worldwide community, Hitachi willaccelerate growth by discovering startups that bewitch on the converse of superior applied sciences and superior enterprise fashions, and by strengthening collaboration in each investment and co-advent.

HV is investing in inaugurate innovation to toughen innovation capabilities in the direction of persevered growth. Hitachi will fabricate growth thru innovation by constructing superior applied sciences thru study and kind, and by participating and partneringwith startups.

Keiji Kojima, President and COO, Hitachi, Ltd., mentioned: “Hitachi is at the muse a endeavor company that was born in the mine. Thru the 2nd fund, we are in a position to toughen and collaborate with startups which have innovative applied sciences predominantly for environmental and healthcare corporations. We are going to give you the choice to work together to fabricate applied sciences and fabricate corporations to resolve the social components of 2050, and to fabricate markets globally. As a most important accomplice of COP26, we would take care of to work together in the direction of the belief of a decarbonized society and change correct into a Climate Switch Innovator.

“Thru inaugurate innovation with startups that portion the identical aspiration to make a contribution to society, we are in a position to fabricate novel values that leverage chopping-edge applied sciences, and further whisk enterprise growth in the areas of the ambiance, resilience, and security & security, which are Hitachi’s key areas of focus, apart from the worldwide expansion of our Social Innovation Industrial.”

(1) News Release dated April 26, 2019 titled “Hitachi Establishes the Corporate Endeavor Capital Fund to Enhance Startups as an Innovation Partner” https://www.hitachi.com/Contemporary/cnews/month/2019/04/190426c.html

In the above unlock, the title of the CVC fund was described as “Hitachi Ventures Fund”, nonetheless the reliable title is now “HV Fund”.

(2) Selected every Three hundred and sixty five days from more than 3,000 CVCs worldwide by Global Corporate Venturing, a knowledge provider for the CVC industry.

https://globalcorporateventuring.com/gcv-powerlist-2021-25-stefan-gabriel/

Copyright ©2021 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

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