Press Release
On the Investment in the Mirai Creation Fund II -Investment for the "Provision of a New Community"
December 18, 2018
Chubu Electric Power Co.,Inc.
Chubu Electric Power has decided to invest in the Mirai Creation II Investment Limited Partnership (hereinafter, Mirai Creation Fund II), a venture capital fund established by SPARX Group Co., Ltd. (hereinafter, SPARX).
In the "Chubu Electric Power Group Management Vision" released in March of this year, Chubu Electric Power has established the "provision of a new community" as a new growth area. We are working on a wide range of initiatives using external resources to expand business in this area.
The Mirai Creation Fund II will be investing in startups domestic and abroad in the following five areas: Intelligent Technology (e.g. artificial intelligence), robotics, technologies for a hydrogen-powered society, electrification, and new materials.
Our company will invest a maximum of 5 yen billion in this fund and will be involved in the fund's investment decisions. Through this, we hope to increase opportunities to build relationships with startups domestic and abroad and grow our collaboration efforts with other companies at a faster pace, steadily moving toward realizing the "provision of a new community"
[Overview of the Mirai Creation Fund II]
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Basic principle |
Help accelerate innovation by investing and thus helping grow businesses with technologies capable of leading growth for future generations |
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Fund name |
Mirai Creation II Investment Limited Partnership |
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Investment targets |
Startups with innovative technologies related to the following five areas: "Intelligent Technology (e.g. artificial intelligence)", "robotics", "technologies for a hydrogen-powered society", "electrification", and "new materials" |