(TOKYO)

Japan is the latest stop for Silicon Valley’s Plug and Play innovation platform.

Covering a variety of industries, including fintech, health, media, mobility and energy, Plug and Play connects startups with large corporations, provides investment and networking opportunities, and – with its entry into Japan – is now active in 10 countries.

The Mitsubishi UFJ Financial Group (MUFG) is partnering with Plug and Play in a bid to develop a buoyant national scene in Japan – exciting enough to attract the best startups in the world.

“We see a significant untapped opportunity to create an ecosystem where innovators in Japan can collaborate and generate new solutions for Japanese corporations. By setting up shop in our Japanese partners’ backyard, we hope to bridge the gap between Silicon Valley culture, innovation and the Japanese industry,” said Phillip Vincent, Managing Partner of Plug and Play Japan.

Plug and Play Japan will replicate the Silicon Valley model and hold a series of 12 week accelerators designed to release the potential of local innovators, while at the same time making the country an important international centre for startups.

The Far East move follows hot on the heels of Plug and Play’s recent announcement that it is joining the world’s largest startup campus – in Paris – to launch a European fintech programme.