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NEC X Opens Applications for Batch 12 of Elev X! Ignite Venture Studio Program

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NEC X, a Palo Alto, CA-based accelerator backed by NEC’s portfolio of advanced technologies, is accepting applications for Elev X! Ignite, its venture studio program that transforms early-stage founders into seed-ready startups.

Startups have until July 7, 2024, to apply for the upcoming cohort, Batch 12, of NEC X’s venture studio program, which will commence in Q3 2024 following a multi-phase selection process.

Elev X! Ignite provides a combination of strategic collaboration, engineering expertise, extensive R&D resources, comprehensive support services and up to $200K in equity funding. The customized program aims to help entrepreneurs and founding teams in the ideation or prototyping phase and is designed to fast-track innovations that synergize with NEC’s technologies, have a clear vision and the potential for substantial market impact.

During the six- to nine-month program, startups work closely with NEC X’s innovation team and engineers, NEC researchers, industry experts, coaches, mentors and advisors to refine their product. This collaborative journey includes conducting Customer Discovery and Validation with customer interviews, developing compelling Minimum Viable Products (MVPs), verifying Proof-of-Concept (POC), and engaging paying customers and investors.

For application information, materials, and deadlines, click here.

Led by Shintaro Matsumoto, President and CEO, NEC X operates two Silicon Valley programs – Elev X! Ignite and Elev X! Boost – which equip early-stage startup founder with the tools to fast-track their tech development and adoption. Elev X accelerates startup growth from inception to launch, connecting innovators with NEC’s 45,000 patents; global network of partners, mentors and advisors; reach into 55+ international markets; and $8 billion R&D ecosystem.

Since 2018, NEC X has helped launch and grow more than 100 startups. Past graduates of Elev X! include Metabob, eCommerceInsights.ai (now Indellia), Beagle Technology, NavigateIO, Flyhound, Qualitative Intelligence (Q.I.), and WeWalk and many more.