KYOTO, Japan, Dec. 3, 2019 /PRNewswire/ -- Plug and Play
Japan KK (Based in Shibuya, Tokyo,
CEO: Philip Vincent, hereinafter
Plug and Play Japan) announces their partnership with Sumitomo
Dainippon Pharma Co., Ltd. (Based in Osaka, President: Hiroshi Nomura hereinafter Sumitomo Dainippon
Pharma) as an "ecosystem partner" in their Hardtech & Health
programs in Kyoto. In addition,
Sumitomo Dainippon Pharma has partnered with Plug and Play's Health
program in Silicon Valley.
Sumitomo Dainippon Pharma established a Frontier Business Office
in 2019, anticipating that society's medical needs will be met not
only by pharmaceutical products, but also by new technological
solutions. Sumitomo Dainippon Pharma has signed a partnership with
Plug and Play Japan to build a business plan centered on areas
where synergies with pharmaceutical business are expected.
Utilizing the open innovation approach with startups, Sumitomo
Dainippon Pharma will also focus on the treatment, prevention of
diseases, and the care of patients. Sumitomo Dainippon Pharma will
provide solutions for the problems society faces today.
"With a focus on the three research areas of Psychiatry &
Neurology, Oncology, and Regenerative Medicine / Cell Therapy,
Sumitomo Dainippon Pharma will launch 'Frontier Business,' which
includes additional healthcare solutions and pharmaceuticals. By
participating in the Hardtech & Health program provided by Plug
and Play Kyoto, we will accelerate the adoption of innovative
technologies through efficient encounters with leading startups in
Japan as well as overseas,"
commented Takehiko Nomura, Senior
Director, Frontier Business Office, Sumitomo Dainippon Pharma Co.,
Ltd.
About Plug and Play Japan Program
Plug and Play Japan
supported 69 domestic and international startups in five different
fields (IoT, Fintech, Insurtech, Mobility, Brand & Retail)
during their Summer and Fall batches in 2019. At their Summit held
at the Toranomon Hills Forum on September
18 and 19, 61 selected startups shared their experiences
from the program. 2,004 attendees were present at the two day
event. The next program is scheduled from December 2019 to March
2020. In addition to the five verticals in Tokyo, the Hardtech & Health program will
launch in Kyoto.
About Plug and Play
Plug and Play supported more than
560 startups in its US Headquarters and 1,100+ startups around the
world with 222 investments made through its acceleration programs
in 2018. It currently has 750 active portfolio companies including
Guardant Health, Honey, Soundhound, Zoosk, and
more. Successful portfolio exits include Dropbox ($11 billion valuation at IPO), PayPal (acquired
by Ebay), Vudu (acquired by Walmart), Danger and Powerset (acquired
by Microsoft), Lending Club ($9
billion valuation at IPO), and the most recently Guardant
Health ($1.6 billion valuation at
IPO).
Corporate
overview
|
Name
|
Plug and Play Japan
KK
|
Address
|
〒150-0043 Shibuya
Dogenzaka Tokyu building 1F, 1-8-10, Dogenzaka, Shibuya-ku,
Tokyo
|
Representative
|
Phillip
Vicent
|
URL
|
http://japan.plugandplaytechcenter.com/
|
Establishment
|
July 14th,
2017
|
[ Inquiry regarding this Press Release ]
Plug and Play
Japan KK
The person in charge: Fujimoto
TEL : 080-1326-9802 / Mail : ayumi@pnptc.com
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SOURCE Plug and Play