Panasonic Corporation announced that it is forming BeeEdge, a joint venture with Scrum
Ventures, a San Francisco based early-stage venture capital firm. Aimed at enabling a new
generation of products, BeeEdge will identify technologies within Panasonic that are not
fully utilized and create independent startups to commercially develop them. BeeEdge will
act as an accelerator with Panasonic and Scrum bringing their experience collaborating with
and supporting entrepreneurs.
“We are looking forward to working with Scrum Ventures because of their expertise in
supporting startups. From analyzing opportunities and bringing products to market, to
sharing best practices in operations, Scrum Ventures will be a valuable partner in
maximizing how we develop our technologies with new innovative companies,” said
Tetsuro Homma, Senior Managing Executive Officer of Panasonic Corp.
“We know how to identify and support startups that are working on ground-breaking new
technologies. We are very hands-on with founders and make sure they have what they
need to succeed. Sharing our expertise with Panasonic is a great opportunity to bring
Panasonic's underutilized innovations to market,” said Tak Miyata, Founding Partner of
Scrum Ventures.
Panasonic, known for creating consumer electronics that enhance customer lifestyles, has
been increasing its investment to create new consumer electronic experiences and
businesses for the next generation. With its track record identifying new trends and
technologies, and strong understanding of the Silicon Valley startup ecosystem, Scrum
Ventures is well-positioned to bring expertise to BeeEdge to advise the startups. LeTote,
Kidadaptive, LiveLike, and Realtime Robotics are among Scrum Ventures' portfolio.