Latest Updates The largest startup accelerator in the World, Plug and Play Tech Center, established Japan Corporation
Dec 20, 2017
Plug and Play Tech Center is the largest startup accelerator in the World and their headquarters in Silicon Valley constantly supports about 400 startups. Their portfolio includes PayPal (acquired by eBay), Vudu (acquired by Walmart), Danger and Powerset (acquired by Microsoft) and Lending Club (IPO for market capitalization at $ 9 billion). Plug and Play is also an early investor in Dropbox (market capitalization over $ 10 billion), etc.
In Japan, Plug and Play Tech Center set up their base in Shibuya with the cooperation of Tokyu Land Corporation and in partnership with Bank of Tokyo-Mitsubishi UFJ as well as major domestic companies in order to implement the same incubation support for Japanese venture companies just like for U.S. In addition, Plug and Play aims to bring foreign startups to Japan to provide an easier access into penetrating the Japanese market.
They hope that Japan base will be a hub to send out Japanese venture companies to the world and they want to make it a place where the corporate culture of Japan and the startup world intersects. The company aims to accelerate over 50 companies and invest in 10 venture companies in the first year.
The JETRO Invest Japan Business Support Center (IBSC) provided an interview arrangement with Japan's local governments in San Francisco office, information on subsidies and labor consultation at the headquarters.