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April 26, 2019
Hitachi Establishes the Corporate Venture Capital Fund to Support Startups as an Innovation Partner
Hitachi today announced to establish a new corporate venture capital (CVC) unit, Hitachi Ventures GmbH (HVG), whose responsibility will be to identify and acquire equity interests in fast-growing innovative startups globally on June 1st, and the CVC fund, "Hitachi Ventures Fund".
HVG will hire top external talents with experience and capability on CVC activities to invest to and collaborate with startups globally. Mr. Stefan Gabriel, former president of "3M New Ventures" is announced to be CEO of HVG.
Hitachi is going to support creating innovation by startups through the CVC activities, and expand collaborative creation with them as a partner.