NEC X, Inc., a Palo Alto, CA-based venture studio backed by NEC’s technological innovation and expertise, launched a new initiative called “Elev X!”.
The Elev X! venture studio program is designed to launch new technology startups and accelerate the growth of early-stage startups.
The first cohort for the new initiative kicks off September 25 as Elev X! Batch 10 with a focus on agrifood, marketing, public safety, healthcare and more, all leveraging emerging technology.
Since its establishment in 2018, NEC X has been dedicated to launching new businesses, primarily with entrepreneurs and founding teams in the ideation phase under its “Corporate Accelerator Program (CAP),” resulting in the building of over ten startups. During these efforts, NEC X collaborated with ideation-phase entrepreneurs and discovered many pre-seed and seed-stage startups in need of specific technology and expertise. In its fifth anniversary milestone year, NEC X has now broadened the scope of startups it supports from ideation phase to seed stage and beyond, and rebranded the program as Elev X!
Elev X! offers two development tracks: Ignite and Boost.
The Elev X! Ignite track is designed for founders in the ideation phase. Here, experienced innovators and researchers collaborate closely, providing hands-on support to turn ideas into viable, scalable products.
On the other hand, the Elev X! Boost track is for pre-seed and seed startups, providing product development support from researchers, seed funding, and connections to investors, to accompany and scale business.
In both tracks, Elev X! will provide access to a wide range of technologies from NEC, including AI, machine learning, robotics, computer vision, image analytics and recently announced large language model (LLM); a dedicated and experienced team; initial investment; and a network of industry contacts to help founders turn their ideas into something that addresses real customer needs and drives social progress.
Led by Shintaro Matsumoto, president and CEO, NEC X, Inc. offers its Venture Studio Program “Elev X!” to empower startup founders to elevate their ideas into dynamic tech-driven ventures.
FinSMEs
19/09/2023