Creww sets up accelerator with Panasonic for high-potential startups from the world

Panasonic’s Leading-Edge Technology Team (Image credit: Creww)

See the original story in Japanese.

Tokyo-based Creww, the Japanese startup behind a community platform offering open innovation opportunities to startups, announced today that it has launched the Panasonic Accelerator 2016 program in partnership with the consumer electronics giant and started accepting applications from startups. The program has three categories for entries – “home appliances and living” and “work,” plus “Advanced Technologies” – where Panasonic will offer their intellectual assets or human resources accordingly, such as their menu and recipe-suggestion websites, 250,000 employees around the world, offices and factories… in addition to bioelectronic sensing, spoken-language analysis as well as image diagnosis support technologies.

Applications for the program are being accepted from July 13th to 28th. Following the screening of documents and presentations, selected applicants will participate in the program with a team from Panasonic, which is scheduled to start on September 2nd. Submitted ideas will be implemented in a closed environment controlled by Creww and Panasonic so that applicants will not need to worry about possible leaks of their ideas to third parties regardless of whether or not they can pass the screening process.

Creww has partnered with over 50 Japanese corporations to date and helped them work with startups in so-called open innovation efforts. As of this month, the company has received more than 1,600 business proposals from startups in total while over 200 ideas out of these have been adopted by partnered corporations. While Panasonic had been collaborating with startups by individual product or technology where necessary, the company made some of its IoT (Internet of Things) patents available for royalty-free use last year, followed by launch of facilities like Panasonic Laboratory Tokyo and Wonder LAB Osaka as hubs for open innovation activities focused on artificial intelligence, IoT, robotics and sensing technologies this spring.

Other examples of accelerators by renowned consumer electronics giants around the world include Siemens Accelerator (in Germany), Samsung Accelerator (in New York City and San Francisco), StarRocket by Foxconn (in Taipei), not to mention Seed Accelerator Program (SAP) by Sony in Tokyo.

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Edited by “Tex” Pomeroy