Bloomberg Tech – MUFG Teams Up With Plug And Play for New Japan Venture

Plug and Play has supported thousands of ventures in over a decade of work, including now-giants like PayPal and Dropbox.

June 5, 2017

‘Japan’s biggest bank is teaming up with Plug and Play Tech Center as the Silicon Valley-based startup accelerator opens a Tokyo office to link local and global ventures with major corporations.

Plug and Play will open its office in Japan as early as this month, with Mitsubishi UFJ Financial Group Inc. as its first partner in the country, according to people familiar with the matter. It will select 20 venture firms for its first three-month accelerator program, starting in the fall, said the people who asked not to be identified as the plan hasn’t been announced. The ventures will include both global companies and local startups.’

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