News Releases

01/22/2018

Hitachi and Plug and Play Tech Center Announce Strategic Partnership

SUNNYVALE, January 22, 2018 – Hitachi America, Ltd. and Plug and Play Tech Center, a global startup ecosystem specializing in the development of early-to-growth stage technology startups, today announced a strategic partnership to accelerate the development of new financial service solutions. Plug and Play will work closely with the Financial Innovation Laboratory of the Global Center for Social Innovation - North America (CSI-NA) in Santa Clara, California. The collaboration will introduce Hitachi to leading startups in the FinTech space to further Hitachi’s innovation strategy in this area.

The Financial Innovation Laboratory was established in April 2016 to accelerate research & development of blockchain technology, collaborative creation with customers, and development of solutions to support business innovation in financial institutions. “The Financial Innovation Laboratory is always looking for new partners to help bring to the market novel solutions that help customers. We have partnered with Plug and Play because of their track record of identifying and supporting startups with the right mix of technology and teams. We look forward to developing an ecosystem of startups to further our FinTech research and strategies,” said David Pinski, Chief Strategist for Financial Innovation, at CSI-NA.

Plug and Play FinTech currently has 27 corporate partners that take part in the FinTech program with the goal to generate a pilot/POC with the startups. "Hitachi represents an incredible partner and one of the key cornerstones of infrastructure opportunities within financial services for our global entrepreneurship network. Paired with their research capabilities and our local leader in David Pinski, we are extremely excited to collaborate with Hitachi as they are one of the leading providers across a range of financial services," said Scott Robinson, VP and Founder of Plug and Play FinTech.

About Hitachi America, Ltd.

Hitachi America, Ltd. headquartered in Tarrytown, New York, a subsidiary of Hitachi, Ltd., headquartered in Tokyo, Japan, and its subsidiary companies offer a broad range of electronics, power and industrial equipment and services, particle beam therapy technologies, automotive products and consumer electronics with operations throughout the Americas.  For more information, visit www.hitachi-america.us.

About Plug and Play Tech Center

Plug and Play is a global innovation platform. We connect startups to corporations and invest in over 150 companies every year.  Since inception in 2006, our programs have expanded worldwide to include a presence in 22 locations globally giving startups the necessary resources to succeed in Silicon Valley and beyond. With over 6,000 startups and 180 official corporate partners, we have created the ultimate startup ecosystem in many industries. We provide active investments with 200 leading Silicon Valley VCs, and host more than 365 networking events per year. Companies in our community have raised over $6 billion in funding, with successful portfolio exits including Danger, Dropbox, Lending Club, PayPal, SoundHound, and Zoosk. For more information, visit www.pnptc.com/fintech

Financial institutions, banks, and startups that are working to improve the financial industry should apply here: plugandplaytechcenter.com/corporate-application

Press Contacts
Hitachi:
Tamie Nagamoto
Hitachi America, Ltd.
 
Plug and Play:
Ashlene Ramadan
Plug and Play, FinTech