Panasonic Corporation has announced that it is forming BeeEdge, a joint venture with Scrum Ventures, a San Francisco based early stage venture capital firm, the company said.
Aimed at enabling a new generation of products, BeeEdge will identify technologies within Panasonic that are not fully utilized and create independent startups to commercially develop them. BeeEdge will act as an accelerator with Panasonic and Scrum bringing their experience collaborating with and supporting entrepreneurs.
Panasonic Corporation is a worldwide provider of the development of diverse electronics technologies and solutions for customers in the consumer electronics, housing, automotive, and B2B businesses. Celebrating its 100th anniversary in 2018, the company has expanded globally and now operates 495 subsidiaries and 91 associated companies worldwide, recording consolidated net sales of 7.343 trillion yen for the year ended March 31, 2017. To learn more about Panasonic:
Scrum Ventures is a seed stage venture firm investing across a range of industries in the US and Asia. Based in San Francisco with extensive experience and networks in both Silicon Valley and Japan, Scrum Ventures accelerates their portfolio companies for global opportunities and helps corporations innovate. Scrum Ventures recently announced Scrum Studios that connects global corporations in Japan with startups in Silicon Valley through investing and collaboration. Learn more at http://scrum.vc.