Mitsubishi : Launch of New Startup Accelerator Program to Promote Decarbonization
June 01, 2021
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Mitsubishi Corporation (MC) and Nippon Yusen Kabushiki Kaisha (NYK) are pleased to announce a new startup accelerator program designed to promote efforts to decarbonize.
MC and NYK will team up with Startupbootcamp Australia (SBC Australia), a branch of one of the largest Europe-origin accelerators Startupbootcamp Group. SBC Australia specializes in energy-related acceleration and has a proven track record. This program aims to scout and support promising startups with disruptive technologies and business ideas to solve problems in the energy and resource sectors.
Separately, MC and NYK have already collaborated with various startups that are invested in decarbonization, however, their new program will provide them with a joint platform to research the latest trends in decarbonization and opportunities to collaborate with emerging startups. The partners expect to run several program cycles to accelerate a significant number of startups.
As global efforts to decarbonize gain momentum, MC and NYK are demonstrating their commitment to the realization of sustainable societies by applying their know-how in resources, energy and business development to support the swift growth of promising and unconventional startups in the energy sector.
[2021 Program Timeline]
June 1st
Announcement of the program
August 2nd
Deadline for applications
August
Initial evaluation and selection of applicants by Startbootcamp Australia
September
Announcement of evaluation and selection results by MC and NYK
September ~ December
Commencement of 'Startupbootcamp' acceleration program
Meetings and business-development work with 10 selected startups
December
Demo Day
For more information about the program, please visit the program website:
Mitsubishi Corporation
Year of Establishment: 1954
Headquarters: 2-3-1 Marunouchi, Chiyoda-ku, Tokyo
Representative: Takehiko Kakiuchi, President and Chief Executive Officer
Main Operations: A global integrated business enterprise that develops and operates businesses across virtually every industry including natural gas, industrial materials, petroleum & chemicals Solution, mineral resources, industrial infrastructure, automotive & mobility, food industry, consumer industry, power solution and urban development
Nippon Yusen Kabushiki Kaisha
Year of Establishment: 1885
Headquarters: 2-3-2 Marunouchi, Chiyoda-ku, Tokyo
Representative: Hitoshi Nagasawa, President
Main Operations: Liner & logistics based on liner trade business, air cargo transportation business and logistics business, bulk shipping-business, real estate business and related services, and other business services
Startupbootchamp Australia
Year of Establishment: 2017
Headquarters: Level 2, 673 Bourke St Melbourne 3000.
Representative: Trevor Townsend, CEO
Main Operations: Startupbootcamp Australia has four industry focuses specifically tied to the UN's Sustainable Development Goals. Our goal is to empower innovators to create sustainable change through innovation at the intersection of business and technology by enabling lasting collaboration between tech startups and corporates.
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Mitsubishi Corporation published this content on 01 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 June 2021 15:11:06 UTC.
Mitsubishi Corporation is a diversified group organized around 10 sectors of activity:
- manufacturing of food and consumer products (29.9% of net sales);
- production of chemicals and petroleum products (19.9%): crude oil, refined products, natural gas, synthetic fiber materials, petrochemicals, fertilizers and specialty chemicals ;
- production and processing of metals (12.6%): iron, steel products and non-ferrous metals;
- mineral resources exploitation (16.5%);
- exploration and production of natural gas (6.7%);
- car manufacturing (5.3%);
- production, transmission and distribution of electricity (5.3%);
- construction of energy infrastructure and industrial facilities (3.3%). The group also sells construction machinery, machine tools, agricultural machinery, elevators, escalators, facility management, ships and aviation equipment;
- development of real estate assets (0.4%);
- other (0.1%).
Net sales break down geographically as follows: Japan (51.8%), the United States (15.5%), Singapore (7%), Australia (6.2%) and other (19.5%).
MITSUBISHI CORPORATION 
