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HomeWorldNEC X And Alchemist Accelerator Announce Partnership To Speed Successful Startup Launches

NEC X And Alchemist Accelerator Announce Partnership To Speed Successful Startup Launches


Technology startup founders with ambitious aspirations
now have end-to-end support from initial concept through
commercialization

TOKYO, May 14, 2021 – (JCN
Newswire) – NEC Corporation, a leader in IT and network
technologies; NEC X, the innovation accelerator for NEC’s
emerging technologies; and Alchemist Accelerator, a
venture-backed initiative focused on accelerating the
development of early-stage ventures, today announced a joint
partnership between NEC X and Alchemist to provide
technology startups with end-to-end support, including NEC
R&D technologies and business launch coordination. NEC X
provides its Corporate Accelerator Program (CAP) together
with AlchemistX, Alchemist’s corporate innovation
accelerator, to speed the development of early-stage
startups.

“Our CAP has evolved by leveraging the
Silicon Valley startup ecosystem,” said Shige Ihara, CEO of
NEC X. “From its establishment in 2018 to the present, NEC X
has gone from being a new startup itself, to seeding 23
potential new ventures. However, we wanted to enhance the
support for startups to succeed through our technology
incubation program. We chose to partner with Alchemist
because it was a good fit for all parties.”

NEC X has
access to Alchemist’s methodology and resources, as well as
the Alchemist network of entrepreneurs, venture capitalists,
corporations, and mentors. Additionally, NEC X CAP graduates
have the option to join Alchemist for further growth and
investment opportunity. Alchemist has access to NEC X’s
early-stage startups using cutting-edge technologies from
NEC R&D.

“We are excited to partner with NEC X–we
think the synergies are strong. NEC is pushing the frontiers
of technology, and Alchemist bolsters NEC X’s existing
support with a structured path to market traction and
fundraising as well as mentorship and community for
founders,” said Ravi Belani, managing director and founder
at Alchemist Accelerator. “Alchemist has built a strong
track record of helping startups realize and expand their
potential, including accelerating their growth through
hands-on coaching and curated access to fundraising. We are
excited to now support NEC X’s startups, in which much of
the experience is personalized to the needs of each startup
to help them build their company in the way that works for
them.”

Additionally, NEC X and Alchemist are pleased
to announce the graduation of new windowMetabob at the
Alchemist 27th Demo Day today. Metabob, which helps Python
coders save countless hours by quickly identifying bugs in
their code, began in NEC X’s CAP, using technology developed
from NEC R&D. After incubation and spin out through NEC
X, Metabob joined Alchemist for final acceleration and
launch.

The NEC X CAP process begins by introducing
prequalified entrepreneurs-in-residence (EIRs), who have the
right mix of business acumen and technology aptitude, to
technologies from NEC R&D, and then the potential EIRs
present and demonstrate business ideas. Those selected as
EIRs then drive the CAP process, including customer
discovery and customer validation, and go through
development activities for incorporation. Since its
establishment in 2018, NEC X has already spun out three
startups through the CAP process.

Those interested in
participating in the NEC X Corporate Accelerator Program as
EIRs, partners or investors can visit https://nec-x.com or email contact-us@nec-x.com
to request a meeting.

For more information about
Alchemist, please visit: https://www.alchemistaccelerator.com/.

About
NEC Corporation

NEC Corporation has established itself
as a leader in the integration of IT and network
technologies while promoting the brand statement of
“Orchestrating a brighter world.” NEC enables businesses and
communities to adapt to rapid changes taking place in both
society and the market as it provides for the social values
of safety, security, fairness and efficiency to promote a
more sustainable world where everyone has the chance to
reach their full potential. For more information, visit NEC
at https://www.nec.com.

About
NEC X

NEC X, Inc. accelerates the development of
innovative products and services through the strengths of
NEC Laboratories’ technologies. The organization was
launched by NEC Corp. in 2018 to fast-track technologies and
business ideas selected from inside and outside NEC. For
companies launched by its Corporate Accelerator Program, NEC
X supports business development activities to help achieve
revenue growth. NEC X also provides options for
entrepreneurs, startups and existing companies in the
Americas to use NEC’s emerging technologies. The company is
centrally located in Silicon Valley for access to its
entrepreneurial ecosystem and strong high technology market.
Learn more at https://nec-x.com or by
emailing marketing@nec-x.com.

About
Alchemist

Alchemist is a venture-backed accelerator
focused on the development of seed-stage ventures that
monetize from enterprises (not consumers). CB Insights rated
Alchemist the top accelerator based on median funding rates
of its grads (YC was #2). Alchemist backers include many of
the top corporate and VC funds–including Khosla Ventures,
DFJ, Cisco, Siemens, GE, and Salesforce, among others.
Notable alums include LaunchDarkly, Rigetti Quantum
Computing, Privacera, mPharma, Matternet, and Mightyhive.
Learn more at https://www.alchemistaccelerator.com
or by emailing bizdev@alchemistaccelerator.com.

About
Metabob

Metabob is an AI code review tool helping
developers save countless hours on their debugging time by
identifying critical bugs other tools in the market tend to
miss. For more information, please visit: metabob.com

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