Mitsubishi Corporation (MC) and Nippon Yusen Kabushiki Kaisha (NYK) are pleased to announce a new startup accelerator program designed to promote efforts to decarbonize.

MC and NYK will team up with Startupbootcamp Australia (SBC Australia), a branch of one of the largest Europe-origin accelerators Startupbootcamp Group. SBC Australia specializes in energy-related acceleration and has a proven track record. This program aims to scout and support promising startups with disruptive technologies and business ideas to solve problems in the energy and resource sectors.

Separately, MC and NYK have already collaborated with various startups that are invested in decarbonization, however, their new program will provide them with a joint platform to research the latest trends in decarbonization and opportunities to collaborate with emerging startups. The partners expect to run several program cycles to accelerate a significant number of startups.

As global efforts to decarbonize gain momentum, MC and NYK are demonstrating their commitment to the realization of sustainable societies by applying their know-how in resources, energy and business development to support the swift growth of promising and unconventional startups in the energy sector.

June 1st				Announcement of the program
August 2nd		Deadline for applications
August			Initial evaluation and selection of applicants by Startbootcamp Australia
September		Announcement of evaluation and selection results by MC and NYK
September ~ December	Commencement of 'Startupbootcamp' acceleration program

Meetings and business-development work with 10 selected startups

December		Demo Day

For more information about the program, please visit the program website:

http://startupbootcamp.com.au/decarbonize

Mitsubishi Corporation

Year of Establishment: 1954

Headquarters: 2-3-1 Marunouchi, Chiyoda-ku, Tokyo

Representative: Takehiko Kakiuchi, President and Chief Executive Officer

Main Operations: A global integrated business enterprise that develops and operates businesses across virtually every industry including natural gas, industrial materials, petroleum & chemicals Solution, mineral resources, industrial infrastructure, automotive & mobility, food industry, consumer industry, power solution and urban development

Nippon Yusen Kabushiki Kaisha

Year of Establishment: 1885

Headquarters: 2-3-2 Marunouchi, Chiyoda-ku, Tokyo

Representative: Hitoshi Nagasawa, President

Main Operations: Liner & logistics based on liner trade business, air cargo transportation business and logistics business, bulk shipping-business, real estate business and related services, and other business services

Startupbootchamp Australia

Year of Establishment: 2017

Headquarters: Level 2, 673 Bourke St Melbourne 3000.

Representative: Trevor Townsend, CEO

Main Operations: Startupbootcamp Australia has four industry focuses specifically tied to the UN's Sustainable Development Goals. Our goal is to empower innovators to create sustainable change through innovation at the intersection of business and technology by enabling lasting collaboration between tech startups and corporates.

Inquiry Recipient

Mitsubishi Corporation

Telephone:+81-3-3210-2171 / Facsimile:+81-3-5252-7705

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