Initiatives
Open Innovation
Chubu Electric Power Community Support Fund
- Chubu Electric Power has established a corporate venture capital fund known as the Chubu Electric Power Community Support Fund to accelerate investment in startups and venture capital funds that have advanced technology or innovative business models. The fund will be looking to invest ¥5 billion over five years.
- In terms of its investment portfolio, the fund will take the initiative in planning capital tie-ups across a broad range of companies, which offer the potential to form business partnerships in the future.
Overview of This Fund
| Name | Chubu Electric Community Support Fund |
|---|---|
| Investment period | Five years between April 2019 to March 2024 |
| Scale of investment | 5 billion yen |
| Investment target | Startups and venture capital funds that invest in startups with advanced technology such as AI and IoT or revolutionary business models that lend themselves to connected homes, health care, smart cities, mobilities, energy management, and data application businesses |
Collaboration Lounge “HatCh”・Innovation Base “KitCh”
Chuden CTI opened Collaboration Lounge “HatCh” and Innovation Base “KitCh” with the goal of furthering cooperation and collaboration between the Chubu Electric Power Group and our partner companies, startups, universities and other research institutes as well as a wide range of companies and organizations so that we may gain insight into new innovations and ideas.
