ENTERTAINMENT

Idemitsu invests from the European Open Innovation Venture Capital Fund in Emerald – decoding

Business Wire India

Idemitsu Kosan Co., Ltd. (Headquarters: Tokyo, Japan), has decided to invest in an open innovation evergreen fund managed by Emerald Technology Ventures, a Swiss clean technology-intensive venture capital organization (Headquarters: Zurich, Switzerland) is. In addition, Idemitsu has decided to establish a new open innovation promotion base in Switzerland. For new business creation, Idemitsu strengthens its efforts to accelerate innovations not only in Japan, but also with start-up companies around the world.

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The Emerald Fund portfolio focuses on industrial innovations in both physicochemical and hygienic technologies that can help address social issues with energy efficiency and carbon dioxide levels reduction. Idemitsu’s investment in this evergreen fund and the creation of a partnership with Emerald’s new synergy with Emerald’s technical expertise and market insights as well as Emerald’s reach to start-up companies in North America, Europe and Israel Will realize. Technologies and Farming Business Network. Those synergies will create a flexible business portfolio that can respond to changes in business conditions by incorporating technological innovations from flexible and persistent start-up companies.

To further accelerate global open innovations, Idemitsu also plans to establish a European Open Innovation Promotion Base in the Swiss Canton of Basel-Stadt.

“To address priority topics in our medium-term management plan *, we pursue maximum synergy not only with technologies that belong to our corporate group, which have already been developed, but also external technologies. But will also emphasize on promoting open innovations. Idea, ”Hajime Nakamoto, executive director of Innovation Strategy Planning, Electronic Materials Business, Agri-Bio Business, Lithium Battery Materials, Intellectual Property and Research in Idimitsu. “This investment and the establishment of overseas bases are important steps for us. Although the implementation of open innovation is a long-term objective, we, especially our young employees, push ourselves to lay the foundation early. “

Idemitsu is taking on the challenge of creating new values ​​through promoting global open innovation.

notes:
* Idemitsu Medium-Term Management Plan (FY2020-2022)
https://sustainability.idemitsu.com/en/themes/259

[Overview of Idemitsu Kosan Co.,Ltd.]

name of the company

Idemitsu Kosan Co., Ltd.

Business Description

Sustainable supply of various forms of energy and materials

Website

www.idemitsu.com/index.html

[Overview of Emerald Technology Ventures]

name of the company

Emerald Technology Ventures

Business Description

Open innovation venture capital

Website

www.emerald-ventures.com

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