Chubu Electric Power established the corporate venture capital (CVC) fund, Chubu Electric Power Community Support Fund (hereinafter "CVC1") in April 2019 and then Chubu Electric Power Community Support Fund No.2 (hereinafter "CVC2") in November 2023 as internal funds for rapid investment in venture companies with cutting-edge technologies and innovative business models and other related entities, aiming to strengthen new business initiatives to realize the company's growth strategy. We will continue to actively collaborate with many companies to create and provide new value that will lead to solutions to social issues, using CVC funding activities as a means of open innovation.
Outline of CVC1
| Name | Chubu Electric Community Support Fund |
|---|---|
| Investment period | Five years between April 2019 to March 2024 |
| Scale of investment | 5 billion yen |
Outline of CVC2
| Name | Chubu Electric Power Community Support Fund No.2 |
|---|---|
| Investment period | November 2023 to March 2029 |
| Scale of investment | 5 billion yen |
| Investment target | Venture companies with cutting-edge technologies and innovative business models in the fields of healthcare, mobility, food and agriculture that contribute to Chubu Electric Power's new business development, as well as venture investment funds that invest in these companies |
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.
