Title:
Relic, Hakuhodo, and Industry One Launch Cross-Industry Innovation Consortium to Drive Open Innovation in Japan
Summary:
Relic Inc., Hakuhodo Inc., and Industry One Inc. have jointly initiated a cross-industry innovation consortium aimed at fostering open innovation across various sectors in Japan. This collaboration leverages Relic's proprietary "Open Innovation Debt" model, which combines comprehensive business alliances with private hybrid bond underwriting to facilitate sustainable growth without relying solely on IPOs or M&A exits. The consortium seeks to integrate the unique strengths and resources of each participating company to accelerate digital transformation (DX), promote joint research and development in cutting-edge technologies like AI and deep tech, and address pressing social challenges. By serving as a hub for cross-sector collaboration, the consortium aspires to build a robust innovation ecosystem that transcends traditional industry boundaries.
For more detailed information, please refer to the full press release:
https://prtimes.jp/main/html/rd/p/000000372.000016318.html