NEC X, Inc., the pioneering venture studio backed by NEC Corporation’s world-class technological innovation and expertise, and Entrepreneurs Roundtable Accelerator (ERA) today announced the establishment of a strategic partnership to strengthen support for entrepreneurs, which includes NEC’s investment in ERA Investors Fund 8.
ERA focuses on early-stage startups and has invested in over 300 startups to date. ERA companies are innovating in a variety of significant industries, all with businesses ready to take advantage of its platform of more than 1,000 expert mentors and its experienced team for helping early-stage companies progress rapidly into exciting, viable, venture-scale businesses. The partnership between NEC X and ERA will include mutual collaboration and support for innovative founders to positively impact the trajectory of their startups.
NEC X was established in 2018 to accelerate the creation of new business through open innovation. NEC X has been actively involved in supporting entrepreneurs through its “Elev X!” venture studio program, focused primarily on Silicon Valley. With this partnership, NEC X aims to enhance support for entrepreneurs on the East Coast of the U.S. seeking new business opportunities, with a special focus on New York.
As part of this partnership, entrepreneurs accepted into NEC X’s venture studio program, “Elev X! Ignite Batch11,” will be eligible to apply for ERA’s program. Simultaneously, startups admitted to ERA’s accelerator program will receive preferred access leveraging NEC’s technology through “Elev X! Boost” to further grow their businesses.
“We’re very excited to be partnering with NEC and NEC X, a leading technology innovator in both Japan and the United States,” said Murat Aktihanoglu, Managing Partner, ERA. “We are pleased to be helping NEC X extend their reach to New York City and the East Coast and look forward to collaborating with them to support the growth of startups for years to come.”
“NEC X is committed to ensuring the success of startups by helping to co-create and support them jointly with accelerators, venture capitalists and early adopters,” said Shintaro Matsumoto, President and CEO, NEC X. “Through the partnership with ERA, we aim to strengthen support for entrepreneurs on the East Coast, in addition to Silicon Valley, and pursue new business opportunities.”
NEC and ERA will continue to strengthen support for entrepreneurs through collaboration with diverse organizations, contributing to the future of innovation.