Japan-based energy utility Toho Gas has partnered Eiicon, a subsidiary of recruitment firm Persol’s corporate venture capital arm, Persol Innovation, to launch its first startup incubator and accelerator scheme.
Toho Gas Accelerator Program 2020 has begun accepting applications until December 11. Selected groups will join the incubation and business co-creation initiative from January 12 to March 26, when a demo day is scheduled to take place.
The programme will target entrepreneurs developing artificial intelligence-equipped lifestyle and work automation-related technology in the prefectures of Aichi, Gifu and Mie, which jointly constitute Japan’s Tōkai region.
Founded in 1922, Toho Gas supplies natural gas and energy services for Tōkai residents and businesses. It has conducted corporate venturing in the past, having invested an undisclosed amount in renewable electricity trading portal Digital Grid in November 2019.
Eiicon’s open innovation platform, Auba, will support the accelerator’s participants in areas from business planning, design and operation, to building public relations strategies, setting up dedicated websites and mentoring.
Image courtesy of Toho Gas Accelerator Program 2020.
