Mitsubishi Electric, Global Brain Launch “ME Innovation Fund”
A corporate venture capital (CVC) fund targeting new businesses creation through open innovation
TOKYO, January 13, 2022 – Mitsubishi Electric Corporation (TOKYO: 6503) and Global Brain Corporation
announced today their immediate launch of the ME Innovation Fund, a corporate venture capital (CVC) fundthat will invest in and partner with startups across the world. The fund will operate with a commitment toinvest five billion yen in capital over the next ten years.
Today, open innovation has become increasingly important in the effort to adapt quickly to changes in thebusiness world, including diversifying needs of customers and societies, growing environmental awareness,and the rapidly developing technology.
Through the ME Innovation Fund, Mitsubishi Electric and Global Brain will invest in and support the growthof global startups thought to have potential for breakthrough innovations primarily in the digital and greeninnovation domains. In addition to financing, the fund will provide wide-ranging business knowledge andmanagement support as well as technology, aiming to realize promising new businesses that can collaborate
with Mitsubishi Electric to contribute to a more sustainable world.
Overview of the fund
Name
Fund Size
Management Period
Investment Target

ME Innovation Fund L.P.
5 billion yen
10 yearsGlobal startups with potential to collaborate with Mitsubishi Electric,
particularly in the domain of digital and green innovation.

General Partner

Global Brain Corporation

Limited Partner

Mitsubishi Electric Corporation

Inquiries
Media Inquiries
Public Relations Division
Mitsubishi Electric Corporation
prd.gnews@nk.MitsubishiElectric.co.jp
www.MitsubishiElectric.com/news/
Global Brain Corporation
gb_PR@globalbrains.com

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Customer InquiriesBusiness Innovation & DX Strategy Division
Business Innovation Group
Mitsubishi Electric Corporation
big.contact@pz.MitsubishiElectric.co.jp
Global Brain Corporation
gb_PR@globalbrains.com###About Mitsubishi Electric Corporation
With 100 years of experience in providing reliable, high-quality products, Mitsubishi Electric Corporation(TOKYO: 6503) is a recognized world leader in the manufacture, marketing and sales of electrical andelectronic equipment used in information processing and communications, space development and satellite
communications, consumer electronics, industrial technology, energy, transportation and building equipment.
Mitsubishi Electric enriches society with technology in the spirit of its “Changes for the Better.” The company
recorded a revenue of 4,191.4 billion yen (U.S.$ 37.8 billion*) in the fiscal year ended March 31, 2021. For
more information, please visit www.MitsubishiElectric.com*U.S. dollar amounts are translated from yen at the rate of ¥111=U.S.$1, the approximate rate on the Tokyo
Foreign Exchange Market on March 31, 2021
About Global Brain Corporation
Global Brain is an independent venture capital firm that supports startups on a global scale and aims to create
new industries through intensive hands-on support, global ecosystem, and open innovation between startups
and large corporations. We manage Corporate Venture Capital funds with 8 leading companies in each industry
and our flagship funds, with assets under management exceeding 170 billion yen.

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