Corporate Accelerator Program
NEC X fast-tracks technologies and innovative business ideas intended to promote the betterment of society now and in the future. Working with Silicon Valley’s incubator and accelerator ecosystem, it leverages cutting-edge technologies emerging from NEC’s global network of laboratories, research and development facilities.
Startups launched by the Corporate Accelerator Program—often with partner venture capital investments—are supported by NEC X in business development activities to help achieve revenue growth.
How Does the Program Work?
NEC X representatives identify and induct Entrepreneurs-In-Residence (EIRs). These entrepreneurs go through a multistage process, from concept to the development of a minimum-viable product, ready for seed round investment or strategic partnership with another technology vendor. The process takes approximately 6 to 12 months to complete.
- Customer Discovery: Verify problem-solution fit (PSF) through quick iteration of hypothesis creation, customer interviews and demonstrations using low-fidelity (Lo-Fi) minimum viable product (MVP)
- Customer Validation: Verify product-market fit (PMF) through proof of concept (PoC) with early adopters using high-fidelity (Hi-Fi) MVP
- Entire Process: Leverage resources and powers of the ecosystem as much as possible