NEC Innovation Challenge

NEC is a market leading, Japanese multinational, technology and digital solutions provider. Its mission is to harness technology and digital solutions to address society's needs.

What is NEC's new business development challenge?
New Businesses. It is something that brings great value to society through endless challenges. It leads to the proposal of new social systems in the face of globalisation and changing industrial structures.

At NEC, innovation is not about small new businesses, but about business development where both customer segments and value propositions are unknown, and where the development of new businesses is difficult for a single organisation to undertake alone. By creating new combinations of diverse knowledge that transcend the boundaries of established concepts, we aim to create new social value on the world stage.

NEC's ecosystem-based CVC:
NEC Orchestrating Future Fund (NOFF for short), established in December 2021, is working to go one step further. By co-creating with business companies and start-ups that share our vision of a new society, we will provide greater social value to society faster than anyone else. NOFF's focus areas are 5G and 6G networks (NW), DX supported by cutting-edge NW, digital government/digital finance, smart cities, healthcare/life sciences and carbon neutral areas. Discussions on business collaboration plans with promising start-ups, mainly in Europe and the US, have begun.

Press release (17/12/2021). NEC establishes a new ecosystem-based CVC fund with a total size of USD 150 million.
Towards the creation of network infrastructure and digital services that realise the vision of the future society: https://www.nec.com/en/press/202112/global_20211217_01.html

Know more about NEC at https://www.nec.com/en/global/innovation/index.html