Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Wednesday, 29 November 2023, 17:37 HKT/SGT
Share:
    

Source: NEC Corporation
NEC X and Entrepreneurs Roundtable Accelerator (ERA) Forge Strategic Partnership to Advance East Coast-based Startups
NEC invests in "ERA Investors Fund 8"; ERA is New York City's first and leading technology accelerator and early-stage venture capital fund

PALO ALTO, Calif. and NEW YORK, Nov 29, 2023 - (JCN Newswire) - NEC X, Inc., the pioneering venture studio backed by NEC Corporation’s world-class technological innovation and expertise, and Entrepreneurs Roundtable Accelerator (ERA) today announced the establishment of a strategic partnership to strengthen support for entrepreneurs, which includes NEC’s investment in ERA Investors Fund 8.

ERA focuses on early-stage startups and has invested in over 300 startups to date. ERA companies are innovating in a variety of significant industries, all with businesses ready to take advantage of its platform of more than 1,000 expert mentors and its experienced team for helping early-stage companies progress rapidly into exciting, viable, venture-scale businesses. The partnership between NEC X and ERA will include mutual collaboration and support for innovative founders to positively impact the trajectory of their startups.

NEC X was established in 2018 to accelerate the creation of new business through open innovation. NEC X has been actively involved in supporting entrepreneurs through its "Elev X!" venture studio program, focused primarily on Silicon Valley. With this partnership, NEC X aims to enhance support for entrepreneurs on the East Coast of the U.S. seeking new business opportunities, with a special focus on New York.

As part of this partnership, entrepreneurs accepted into NEC X's venture studio program, "Elev X! Ignite Batch11," will be eligible to apply for ERA's program. Simultaneously, startups admitted to ERA's accelerator program will receive preferred access leveraging NEC's technology through "Elev X! Boost" to further grow their businesses.

"We’re very excited to be partnering with NEC and NEC X, a leading technology innovator in both Japan and the United States," said Murat Aktihanoglu, Managing Partner, ERA. "We are pleased to be helping NEC X extend their reach to New York City and the East Coast and look forward to collaborating with them to support the growth of startups for years to come."

"NEC X is committed to ensuring the success of startups by helping to co-create and support them jointly with accelerators, venture capitalists and early adopters," said Shintaro Matsumoto, President and CEO, NEC X. "Through the partnership with ERA, we aim to strengthen support for entrepreneurs on the East Coast, in addition to Silicon Valley, and pursue new business opportunities."

NEC and ERA will continue to strengthen support for entrepreneurs through collaboration with diverse organizations, contributing to the future of innovation.

To learn more about the Elev X! Program, visit: https://elev-x.com.

NEC is a registered trademark of NEC Corporation. All rights reserved. Other product or service marks mentioned herein are the trademarks of their respective owners. ©2023 NEC Corporation.

About NEC X

NEC X, Inc. offers its Venture Studio Program "Elev X!" to empower startup founders to elevate their ideas into dynamic tech-driven ventures. Building on the strength of NEC Corporation’s technologies, NEC X helps founders swiftly launch and magnify their business scale. Strategically located in Silicon Valley, the company taps into the heart of the startup ecosystem and remains at the forefront of the high-technology market. Discover more at https://nec-x.com or by emailing contact-us@nec-x.com.

About ERA

(ERA) Entrepreneurs Roundtable Accelerator is New York City’s leading technology accelerator and early-stage venture capital fund. ERA has invested in 300+ start-ups since launching in 2011. ERA alumni companies, who come from all over the world, are already playing leading roles in the evolution of virtually every major global industry. To date, ERA alumni companies have raised more than $2 billion in investor capital and collectively exceed $10 billion in market capitalization. Notable investments include Glia, TripleLift, Katapult, Thirty Madison, Nayya, Order, Bespoke Post, User Interviews, Fund That Flip, CardFlight, and Scentbird. Learn more at new windowhttps://www.eranyc.com/.

About NEC Corporation

NEC Corporation has established itself as a leader in the integration of IT and network technologies while promoting the brand statement of “Orchestrating a brighter world.” NEC enables businesses and communities to adapt to rapid changes taking place in both society and the market as it provides for the social values of safety, security, fairness and efficiency to promote a more sustainable world where everyone has the chance to reach their full potential. For more information, visit NEC at https://www.nec.com.




Topic: Press release summary
Source: NEC Corporation

Sectors: Startups
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


NEC Corporation Links

http://www.nec.com

https://www.facebook.com/nec.global/

https://twitter.com/NEC_corp

https://www.youtube.com/user/NECglobalOfficial

https://www.linkedin.com/company/nec/

NEC Corporation
Feb 26, 2024 16:54 HKT/SGT
NEC Selected by NTT DOCOMO as a Virtualized Radio Access Network (vRAN) Vendor
Feb 22, 2024 16:13 HKT/SGT
Clear Mobitel Successfully Deploys NEC 5G SA Cloud Native Core Network to Accelerate the Adoption of Innovative 5G Solutions in the UK and the Channel Islands
Feb 22, 2024 15:10 HKT/SGT
NEC UPF Achieves Industry-Leading High Performance in 5G Core Networks, reaching 1.3Tbps Throughput
Feb 21, 2024 13:09 HKT/SGT
NEC, Arm, Qualcomm, Red Hat, and Hewlett Packard Enterprise demonstrate Open vRAN and 5G Core UPF using Arm-based CPUs
Feb 21, 2024 10:33 HKT/SGT
NEC launches new User Plane Function (UPF) product for telecom operators, aiming to achieve networks for the Beyond 5G/6G era
Feb 20, 2024 11:03 HKT/SGT
NEC Develops AI Technology for Robotics Capable of Autonomous and Advanced Handling of Disorderly Placed Items
Feb 19, 2024 15:05 HKT/SGT
NEC Enhances Value Added Network Solution Suite to Boost Enterprise Digital Innovation
Feb 16, 2024 10:42 HKT/SGT
NEC develops RAN autonomous optimization technology that dynamically controls 5G networks based on user terminal status
Feb 8, 2024 14:48 HKT/SGT
NEC Face Recognition Technology Ranks First in NIST Accuracy Testing
Feb 7, 2024 10:47 HKT/SGT
NEC Strengthens Supply Chain Security with Technology to Detect Software Vulnerabilities through Static Analysis of Executable Files
More news >>
 News Alerts
Copyright © 2024 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 214 890 4418 | Beijing: +86 400 879 3881 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575

Connect With us: