BIRD INITIATIVE established to accelerate the creation of new businesses through cooperative R&D

6 companies from different industries launch an unprecedented research and development business

ITOCHU Techno-Solutions Corporation

Tokyo, September 10, 2020 -NEC Coporation (NEC; TSE: 6701), OBAYASHI CORPORATION, Japan Industrial Partners, Inc., Japan Investment Adviser Co., Ltd. ITOCHU Techno-Solutions Corporation and IPC Fund 1, operated by UTokyo Innovation Platform Co., Ltd., today announced the establishment of BIRD INITIATIVE, Inc. (BIRD), a new company that will create new businesses from collaborative R&D among businesses, financial companies and academia, and will begin operations in October.

In recent years, the importance of research and development for speeding up problem solving has been increasing as the issues facing society and organizations have become more and more complex with the advance of digitalization and the acceleration of social change. Under such circumstances, BIRD, representing a combination of Business Innovation powered by R&D, aims to promote a new research and development framework called “Co-creative R&D” in which issues and technologies are brought together from industry, government and academia.



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