In order to promote innovation throughout the Asia Pacific area, Plug and Play, a worldwide innovation platform with its headquarters in Silicon Valley, has announced its most recent cooperation with Equinor, a multinational energy corporation from Norway. Plug and Play will work with Equinor Ventures, the corporate venture capital arm of Equinor, to further business growth and strengthen their ties with one another and the local startup community. Along with Equinor’s in-depth sector knowledge and dedication to sustainability, the alliance will take use of Plug and Play’s large network of companies and its expertise in accelerating innovation. They will jointly identify the start-ups that can collaborate to create novel technologies and solutions that can hasten the transition to a low-carbon future.
In order to strengthen our relationship with start-ups in Asia Pacific, Equinor Ventures is happy to collaborate with the well-known platform Plug and Play. The relationship will assist us in locating exciting prospects in the area related to energy transition and climate technology. According to Lars Klevjer, Managing Director of Equinor Ventures, “via this relationship, we will also support and work with start-ups to scale up their businesses.
“We are thrilled to work with Equinor to promote innovation in the energy sector throughout the Asia-Pacific region. Sustainability is still a major area of attention for us on a worldwide scale. The issues facing humanity are increasing as our numbers increase, the oceans rise, and the climate changes. the Plug and Play APAC managing partner Jupe Tan remarked. We think that by combining Equinor’s industry knowledge with our network of startups, we can find and create the most innovative new technologies and solutions that will hasten the transition to a more sustainable energy future in this area.
Through the collaboration, Plug and Play’s sustainability vertical and Equinor Ventures will closely collaborate to identify and assess entrepreneurs creating cutting-edge technologies in fields including clean energy, carbon management, grid & mobility, and green fuels.
Find out more about Plug and Play Sustainability:
https://www.plugandplayapac.com/sustainability
Concerning Equinor Ventures
The corporate venture capital division of Equinor Ventures invests in aspirational early-stage and growing firms.
We firmly think that startups’ ingenuity, adaptability, and capacity for change can propel society towards a low-carbon future. As a result, we are dedicated to assisting management teams that have the ambition to create successful, world-class businesses.
Regarding Plug and Play
A platform for global innovation is called Plug and Play. With our headquarters in Silicon Valley, we’ve created accelerator programmes, corporate innovation services, and an internal venture capital fund to advance technology more quickly than before. Since its founding in 2006, our programmes have grown to have a presence in more than 50 countries, giving businesses the tools they need to flourish in Silicon Valley and elsewhere. We have developed the ideal startup ecosystem across a variety of industries with more than 80,000 entrepreneurs and more than 550 formal corporate and governmental partners. With hundreds of top Silicon Valley VCs, we offer active investments and conduct more than 1,000 networking events annually . Over $12 billion has been invested in businesses in our community, with Danger, Dropbox, Lending Club, and PayPal among the portfolio exits that have been a success.
In 2010, we opened our Asia Pacific headquarters in Singapore, and since then we have also opened offices in Thailand, Indonesia, and the Philippines. Since then, we’ve made investments in over 50 startups and worked with numerous governments, as well as global and local businesses, to scale up their innovation efforts through programmes like sector-specific accelerators.
