NEC X Inc.
NEC X is a venture studio based in Silicon Valley, specializing in emerging technologies developed within NEC's global R&D network, such as AI/ML. NEC X actively invites entrepreneurs and startups in the pre-seed or early stages to participate in their incubation and acceleration programs. These programs are designed to provide comprehensive support, enabling entrepreneurs to successfully launch and scale their businesses within a year.
Company Overview
NEC X Inc. is a small business founded in 2018, headquartered in Palo Alto, California. The company operates within the fundraising industry and focuses on driving innovation forward. With a team size of 22, NEC X Inc. specializes in business development, innovations, investment, and acceleration, particularly in the fields of artificial intelligence (AI) and machine learning (ML). The company aims to support entrepreneurs and startups in their early stages through various incubation and acceleration programs.
Incubation and Acceleration Programs
NEC X Inc. actively invites entrepreneurs and startups in the pre-seed or early stages to participate in its incubation and acceleration programs. The company offers an 8-12 month program designed to help entrepreneurs launch and scale their businesses within a year. Two development tracks, Ignite and Boost, provide tailored support. The company collaborates with the Massachusetts Institute of Technology (MIT) Industrial Liaison Program and has a strategic partnership with Entrepreneurs Roundtable Accelerator (ERA) to support East Coast-based startups.
Funding and Support
NEC X Inc. provides comprehensive support programs that include funding of up to $400K, which encompasses in-kind investments for business and product development. The company has backed more than 100 startups since its inception, promoting technology collaboration and seed funding outside of its cohorts. The support includes hands-on mentorship, access to advanced technologies, and exclusive workshops, enabling startups to thrive in both B2B and B2C markets.
Specialties and Technologies
NEC X Inc. specializes in various areas including venture building, incubation, prototyping, and MVP development. The company focuses on emerging technologies developed within NEC's global R&D network, providing access to a wide range of technologies such as AI, machine learning, robotics, and computer vision. The company has a strong network of over 1,000 mentors and seasoned advisors, facilitating connections and support for startups.
Partnerships and Community Engagement
NEC X Inc. forges strategic partnerships to enhance access to skilled talent, exemplified by its collaboration with 'lotsful'. The company hosts the FutureFusion Forum, which brings together leaders from the high-tech and AI industries. Additionally, NEC X Inc. has invested in startups like WeWALK, which provides mobility solutions for blind and visually impaired individuals. The company's portfolio includes various innovative companies such as Metabob, eCommerceInsights.ai, and Flyhound.