On Thursday, Plug and Play Japan announced it opened applications for its first batch of start-ups. The program is set to begin in November and the organization is seeking startups in three categories, Internet of Things (IoT), Fintech, and Insurtech.
Plug and Play Japan stated it will be selecting 20 to 25 international and Japanese-based companies start-ups for the program. Each start-up will receive free office space for three months at the Plug and Play Shibuya, Tokyo office. During the program, each start-up will have the opportunity to meet and create business opportunities with Japanese corporations, investors, and mentors.
“Plug and Play Japan will function to lessen the gap between key decision makers in Japan and the global start-up community. Other benefits include coaching by Plug and Play mentors and advisors, corporate workshops, frequent pitch events and a large scale Demo Day pitch event in February for their graduation.”
Plug and Play Japan added that for non-Japanese start-ups joining the program, its ecosystem will make it easier to find the right partners to expand their business in the world’s third largest economy. Japanese start-ups will have access to Plug and Play’s global network and the opportunity to pitch at Plug and Play headquarters in Silicon Valley.