Announcing the establishment of OMRON VENTURES Corporation
July 1, 2014
Effective July 1, 2014, OMRON Corporation (headquartered in Kyoto, Kyoto Prefecture, Japan; Mr. Yoshihito Yamada, President and CEO) established OMRON VENTURES Corporation for the purpose of accelerating its creation of new business. This new investment subsidiary will be in charge of corporate venture capital to bolster OMRON's partnership with venture firms.
It is slated to make venture investments on the order of 3 billion yen over the three-year period fiscal 2014 - 2016.
OMRON recognize the need for open innovation unbound by conventional frameworks in order to resolve diverse problems and issues facing society at large. Besides we are going to continue reinforcing its technical capabilities and business grounded in the sensing and control technology at its core, we believe that we will be better able to probe various business possibilities accelerating innovation and going beyond existing boundaries by delivering solutions for such problems and issues in partnership with venture firms inside and outside Japan aiming for the resolution of social problems and issues.
OMRON will create new value linked to the resolution of problems and issues in society at large through supporting for the growth of venture firms making full application of OMRON's craftsmanship and global network.
Outline of the new company
|Name:||OMRON VENTURES Corporation|
|Address:||Horikawa Higashiiru, Shiokoji-dori, Shimogyo-ku, Kyoto, Japan (In Headquarters of OMRON Corporation)|
|Representative:||Mr. Naoshi Ozawa, Chief Executive Officer|
|Date of establishment:||July 1, 2014|
|Investment:||OMRON Corporation, 100%|
|Business description:||* Activities for investment in venture firms and promotion of business development
* Business incubation
|Domains:||safety & security sensing, life sciences, health care, bio, Internet of things (IoT), environmental energy, education, agriculture-related|
About OMRON Corporation
OMRON Corporation is a global leader in the field of automation based on its core technology of sensing and control. OMRON's business fields cover a broad spectrum, ranging from industrial automation and electronic components to automotive electronic components, social infrastructure systems, healthcare, and environmental solutions. Established in 1933, OMRON has over 38,000 employees worldwide, working to provide products and services in more than 110 countries and regions.
For more information, visit OMRON's website at: https://www.omron.com/.
- Atsushi Fujita
Corporate Communications Department