Japanese Panasonic Corporation announced the establishment in April 2017 new Panasonic Ventures, LLC., specializing in venture investments in startups.
As the press service of the Corporation, the office of the company will be situated in California, USA, where traditionally the focus of prospective developers of new technologies. On them in the first place, and will be brought to the attention of the company. The initial investment is estimated at $100 million.
The Panasonic cooperation with representatives of Silicon valley, engaged in developing breakthrough technologies in nearly 20 years, starting in 1998.
It is noted that in the future the company Panasonic Ventures in collaboration with foreign investors will be selected and to initiate financial support for startups with a unique business model, product or service. The scope of their activities will not be limited to business areas Panasonic. Thus, the Japanese company expects to open new opportunities for growth and the creation of fundamentally new business areas in the future.
Panasonic Corporation is one of the world’s leading developers of electronic technologies and solutions for consumer electronics, housing, automotive applications, and solutions for business and production components.