Business 03

Creating New Businesses Using the R&D Ecosystem

Business 03 NEC X

Creating business using Silicon Valley resources

Deep knowledge of

EIR

Customer/

Deep knowledge of customer segment

Market

✕

NEC technologies

(Entrepreneurs)

Understanding of market needs

✕

Understanding of

Seed stage startups

market needs

NEC X

Matching

Customer problems

Customer problems & Market

members

& Market needs

needs

Researchers

Incubation

Acceleration

New

Project

NEC X

Project

NEC

Technology seeds

Commercialization

business

(Pre-Seed to Seed stage)

(Startup)

Market

Program support

feedback

Investment

sourcing

Scale up

(After Seed stage)

Accelerators

Investors

Aiming to increase the value of created businesses by 10-fold by the end of FY2025

Business 03 NEC X

Launched 7 startup businesses in 2 years since 2021

Won 2 independent innovation awards in North America during FY2021

Seed stage

Pre-Seed stage

Seed stage

Funds

Funds raised

Funds

raised

raised

Spin-out announced in May 2021

Spin-out announced in Jan. 2022

Spin-out announced in Apr. 2022

Code review and debugging assistance software service for

Review analysis service for e-commerce sellers, using natural

Automated pruning and shoot thinning solution for farms

software developers, applying AI code analysis technologies

language processing technology (ReviewDigger)

using computer vision and robotics

Series A planned for Autumn 2023

Series A planned for Autumn 2023

Series A procurement planned for Autumn 2023

Pre-Seed stage

Raising

Raising

Raising

Funds raised;

NIST grant

funds

funds

funds

acquired

Spin-out announced in Jul. 2022

Spin-out planned for Dec. 2022

Spin-out to be announced soon

Spin-out to be announced soon

Real-time indoor localization in GPS-denied

Platform for matching real estate brokerage

Search and rescue support solution that identifies

Platform for providing programs to improve

environments for first responders

agents and sellers/buyers using intention

the location of missing persons using drones

employees' mental resilience

learning technology

Seed stage planned for 2023

Seed stage planned for 2023

Seed stage planned for 2023

Seed stage planned for 2023

NEC X's target startup stage

NEC X supports entrepreneurs and startup founders in the earliest phase

with the most extensive ambiguity and risks

Accelerators,

VCs

M&A

Angels

Co-founders

Seed

Early stage

Later stage

Commercialization program Elev X!

Elev X! Ignite

Elev X! Boost

Continued

support

IPO

Launch business together with entrepreneurs, targeting their earliest phase to Seed stage

Provide NEC technologies to startups in their Pre-Seed or Seed stage to scale up their business

Time

4 © NEC Corporation 2022

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NEC Corporation published this content on 11 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 January 2023 08:29:11 UTC.