Leading Japanese materials manufacturer seeks to accelerate innovation by collaborating with advanced technology startups
Pegasus Tech Ventures, a global venture capital firm headquartered in Silicon Valley, California, and led by Founder and CEO Anis Uzzaman, has announced a strategic collaboration with Mitsubishi Materials Corporation, a leading non-ferrous metals manufacturer headquartered in Tokyo, Japan, under the leadership of President Tetsuya Tanaka.
This partnership aims to strengthen Mitsubishi Materials’ innovation initiatives by leveraging Pegasus’ global investment network and expertise in supporting corporate innovation initiatives.
Through this collaboration, Mitsubishi Materials Corporation will accelerate its innovation initiatives by incorporating the business models and novel ideas of leading startups in the field of materials technology across multiple regions in the United States, including Silicon Valley, as well as in Europe and Asia.
Yoshiyuki Nagatomo, General Manager of the Manufacturing & R&D Strategy Division at Mitsubishi Materials Corporation, commented, “In 2019, we launched the MMC Innovation Fund and have since implemented various innovation initiatives, including public calls for industry-academia joint research and the introduction of accelerator programs to strengthen external collaboration. As part of our efforts to explore cutting-edge materials technologies, we began leveraging Pegasus Tech Ventures’ extensive global network since 2023 to identify promising opportunities worldwide.”
Mr. Nagatomo continued, “Pegasus has a proven track record of supporting the innovation efforts of its many corporate partners. Through this strategic partnership with Pegasus, we expect our innovation activities to be further accelerated. By incorporating the technologies and business models of startups, we aim to create new value from within our organization.”
Anis Uzzaman, Founder and CEO of Pegasus Tech Ventures, added, “By leveraging our expertise and extensive global network, we will be connecting Mitsubishi Materials Corporation with world-leading startups in the field of materials technology. We are very excited to contribute to the next generation of growth for the Mitsubishi Materials Group.”
Discover the latest trends and insights—explore the Business Insights Journal for up-to-date strategies and industry breakthroughs!
