PALO ALTO, Calif. and NEW YORK – November 28, 2023 – NEC X, Inc., the pioneering venture studio backed by NEC Corporation’s world-class technological innovation and expertise, and Entrepreneurs Roundtable Accelerator (ERA) today announced the establishment of a strategic partnership to strengthen support for entrepreneurs, which includes NEC’s investment in ERA Investors Fund 8.
ERA focuses on early-stage startups and has invested in over 300 startups to date. ERA companies are innovating in a variety of significant industries, all with businesses ready to take advantage of its platform of more than 1,000 expert mentors and its experienced team for helping early-stage companies progress rapidly into exciting, viable, venture-scale businesses. The partnership between NEC X and ERA will include mutual collaboration and support for innovative founders to positively impact the trajectory of their startups.
NEC X was established in 2018 to accelerate the creation of new business through open innovation. NEC X has been actively involved in supporting entrepreneurs through its “Elev X!” venture studio program, focused primarily on Silicon Valley. With this partnership, NEC X aims to enhance support for entrepreneurs on the East Coast of the U.S. seeking new business opportunities, with a special focus on New York.
As part of this partnership, entrepreneurs accepted into NEC X’s venture studio program, “Elev X! Ignite Batch11,” will be eligible to apply for ERA’s program. Simultaneously, startups admitted to ERA’s accelerator program will receive preferred access leveraging NEC’s technology through “Elev X! Boost” to further grow their businesses.
“We’re very excited to be partnering with NEC and NEC X, a leading technology innovator in both Japan and the United States,” said Murat Aktihanoglu, Managing Partner, ERA. “We are pleased to be helping NEC X extend their reach to New York City and the East Coast and look forward to collaborating with them to support the growth of startups for years to come.”
“NEC X is committed to ensuring the success of startups by helping to co-create and support them jointly with accelerators, venture capitalists and early adopters,” said Shintaro Matsumoto, President and CEO, NEC X. “Through the partnership with ERA, we aim to strengthen support for entrepreneurs on the East Coast, in addition to Silicon Valley, and pursue new business opportunities.”
NEC and ERA will continue to strengthen support for entrepreneurs through collaboration with diverse organizations, contributing to the future of innovation.
To learn more about the Elev X! Program, visit: https://elev-x.com. NEC is a registered trademark of NEC Corporation. All rights reserved. Other product or service marks mentioned herein are the trademarks of their respective owners. ©2023 NEC Corporation.
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About NEC X
NEC X Inc. builds on the strength of NEC’s technologies to accelerate the development of innovative products and services. NEC X provides its Venture Studio Programs to entrepreneurs-in-residence (EIRs) to fast-track the development of technologies and business ideas brought by EIRs or from inside NEC. NEC X has won industry-leading awards such as “Best in Biz” and “BIG Innovation.” The company is located in Silicon Valley, enabling fast access to its entrepreneurial ecosystem and strong high-technology market. Learn more at https://nec-x.com or by emailing contact-us@nec-x.com.
About ERA
(ERA) Entrepreneurs Roundtable Accelerator is New York City’s leading technology accelerator and early-stage venture capital fund. ERA has invested in 300+ start-ups since launching in 2011. ERA alumni companies, who come from all over the world, are already playing leading roles in the evolution of virtually every major global industry. To date, ERA alumni companies have raised more than $2 billion in investor capital and collectively exceed $10 billion in market capitalization. Notable investments include Glia, TripleLift, Katapult, Thirty Madison, Nayya, Order, Bespoke Post, User Interviews, Fund That Flip, CardFlight, and Scentbird. Learn more at https://www.eranyc.com/.
Media Contact:
NEC X Inc.
Sandy Fewkes (Kiterocket)
+1-408-529-9685
sfewkes@kiterocket.com