Japan-based Nitto Denko Corporation Establishes Innovations Unit In Santa Clara, California
10/25/2013
The company said it decided to open a division in the center of Silicon Valley in order to develop new businesses through collaboration with venture capital companies, as part of an ongoing pursuit of “the creation of ample business opportunities.”
“Located in Silicon Valley where a large ecosystem of startup companies exists, NII and its experienced local staff, with the group-wide support of Nitto, is committed to external venture company growth and contributing to Nitto’s business,” the company said.
“NII strives to discover new technology and businesses in and around the Silicon Valley and other areas, with a focus on corporate venture capital and business cooperation. NII also focuses on new businesses in growth areas such as the Green Environmentally Friendly, Clean New Energy, Energy Saving and Fine Life Science business domains.”
“Due to the increasing rate of technological innovation and globalization, product life-spans are getting shorter and manufacturers are required to diversify and speed up research and development projects. In order to make efficient use of the limited managerial resources under such circumstances, it is important that Nitto build a system to search for and utilize technologies and businesses outside of the Nitto Group,” the company said.
Most Read
-
-
How are Uncertain Times Altering Company Location Strategies?
Q3 2020
-
Infrastructure Investment as an Economic Stimulus Tool
Q3 2020
-
34th Annual Corporate Survey & the 16th Annual Consultants Survey
Q1 2020
-
Site Selection 2020: The Importance of “Regional Depth” with Global Reach
Q3 2020
-
2020 Gold & Silver Shovel Awards Recognize State and Local Economic Development Efforts
Q2 2020
-
2019 Top States for Doing Business: Georgia Ranks #1 Sixth Year in a Row
Q3 2019