The Bank of Tokyo-Mitsubishi UFJ announced that the bank reached an agreement on cooperation of management of MUFG FinTech Accelerator, a first accelerator program by Japanese bank, with Silicon Valley-based Plug and Play Tech Center.
Plug and Play is a global accelerator company and headquartered in Silicon Valley where a lot of advanced ventures emerge. Currently the company has partnered with governments and leading companies in various industries in 6 countries to support ventures.
As Plug and Play has incubated over 2,000 companies, the company has a great deal of knowledge and experiences about management of accelerator program. Through this partnership, the company will provide advice on management of the program and to participant venture companies.
(Source: The Bank of Tokyo-Mitsubishi UFJ )
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