Investment in artificial intelligence: Porsche has invested in start-up "Urgent.ly". The American company sees itself as the leading global platform for mobility and roadside assistance. The financing round amounted to 21 million U.S. dollars (18.5 million euros). Alongside "Porsche Ventures", other companies obtained shares in Urgent.ly, including "BMW i Ventures" and "InMotion Ventures", the venture capital division of Jaguar Land Rover.
The U.S. start-up's platform supports roadside assistance services in North America, Europe and Asia.
Using artificial intelligence and geolocation, Urgent.ly connects drivers, service providers and automotive manufacturers in real time, thus coordinating the best and fastest help in the event of a breakdown.
This means that, from the very beginning, the customer is provided with transparency regarding the location (exact to the second) and the expected arrival time of the roadside assistance provider. In the USA, more than half of all roadside assistance providers are already connected to the platform, which serves around 45,000 networked vehicles.
"Urgent.ly is an innovative platform solution which impresses with its speed and transparency. It is also internationally scalable. We are convinced that it can help increase customer satisfaction levels in critical situations," says Kilian Sauerwald, Director Aftersales Region and Market Development at Porsche. "The team at Urgent.ly sets itself apart due to its well founded expertise within the customer and technology business. This is why we chose a strategic investment."
"The support of our investors confirms our strategy and business model. We are aiming to create a range of services for the mobility and roadside assistance industry which meets the expectations and requirements of our customers," says Chris Spanos, CEO and cofounder of Urgent.ly. "We look forward to continuing to advance our connected services across the global automotive, insurance and mobility markets."
Porsche Ventures seeks strategic investments in business models relating to the customer experience, mobility and digital lifestyle, as well as in future technologies such as artificial intelligence, blockchain and virtual and augmented reality. Through its venture capital activities, the sports car manufacturer Porsche invests in new companies that are in the early and growth phases.
Amongst the latest investments there has been the Berlin-based start-up Gapless. Their blockchain-based solution allows customers to digitally manage their vintage vehicles, including the entire history, and to share it with other users in a forgery-proof way. Porsche also holds shares in the fast-growing Swiss technology company WayRay.
This start-up develops and produces holographic augmented reality head-up display technologies and is working on the ability to seamlessly integrate virtual objects into the driving experience. Porsche also has invested in the start-ups Anagog, Miles and homeiX, as well as technology and sports car company Rimac.
THE SOLUTION IS OPEN INNOVATION THE DESTINATION IS INNOVATE ISRAEL
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Innovate Israel connects global corporations seeking advanced technological solutions, with fresh initiatives, by matching their business needs with experienced entrepreneurs and startups in Israel. Through Innovate Israel, corporations can reduce cost, time to market and risk factors by leveraging resources and knowledge from the Startup ecosystem to create technological solutions. At Innovate Israel, we are building a new global innovative community, comprised of corporations worldwide, Israeli startups, innovators, entrepreneurs and key business leaders.
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MAJORITY OF TECH INDUSTRY LEADERS EXPECT SILICON VALLEY TO BE SURPASSED AS GLOBAL TECH INNOVATION CENTER
New York, Beijing, Tokyo, London seen as becoming leading tech hubs outside Silicon Valley.
For the first time in KPMG's annual Global Technology Industry Innovation Survey, more than half of the respondents believe Silicon Valley will no longer be the technology innovation center of the world in four years. The finding is in the first of a series of reports highlighting key insights from a survey of over 740 technology industry leaders globally.
"The belief that Silicon Valley will be displaced as the leading hub underscores the continuing decentralization of technology innovation, spurred by investment in other cities and regions globally, as well as contributing factors in Silicon Valley," said Tim Zanni, KPMG Global and U.S.
Technology Leader. "Several much-discussed factors ranging from the cost-of-living to an overmatched infrastructure to questions about corporate culture are contributing to the perception that Silicon Valley may not continue to dominate tech innovation in the coming years."
Nearly 60 percent believe that it is likely or very likely that the technology innovation center of the world will move from Silicon Valley by 2023. While not specifically addressing which global city would replace Silicon Valley, in a separate question, tech industry leaders tabbed New York to become the top tech hub in addition to Silicon Valley.
High profile announcements by tech giants helped push New York, Boston and Austin up in the rankings this year. Other notable risers included Taipei and Paris.
Here are the top 15 cities outside Silicon Valley:
1. New York
12. Hong Kong
13. Washington D.C.
15. Tel Aviv
The rankings reflect the perception of technology industry leaders surveyed, and provide an interesting juxtaposition when compared to four other publicly available data-driven indices. Together, they offer additional insight into the prospects for these technology innovation hubs. For example, New York placed in the Top 2 in three of the five indices, supporting the city's position in KPMG's survey. Berlin was ranked between 11th and 18th in the five rankings, showing the most consistency and strong potential as a tech innovation hub.
At the same, time, the KPMG study shows that other countries are closing the gap on the U.S. and China in the race to be a technology innovation leader.
When considering the most promising market for tech innovation and breakthroughs that have a global impact, 23 percent of those surveyed named the U.S. compared to 34 percent in last year's report. China remained second at 17 percent compared to 26 percent a year ago, followed by the U.K. at 9 percent, with Japan ranked fourth and Singapore and India tied for fifth. The grouping of the top 5 countries is much closer than in last year's survey.
"Even when faced with pressing issues that call for funding, cities and countries are carving out significant investment to become a technology innovation hub due to an expected broad economic impact," said Zanni. "They are acting on the Nobel Prize-winning theory that investing in tech innovation, the knowledge sector and human capital will drive long-term economic growth."
About the research
The 2019 KPMG Technology Industry Innovation Survey, now in its seventh year, included responses from over 740 global leaders in the technology industry. Twelve countries were represented and seventy six percent of the respondents were C-level executives. The online survey was conducted from December 2018 to January 2019.
About KPMG LLP
KPMG LLP is the independent U.S. member firm of KPMG International Cooperative ("KPMG International"). KPMG International's independent member firms have 207,000 professionals working in 153 countries.
Learn more at www.kpmg.com
Investorideas.com, a global investor news source covering the tech sector, looks at the future of transportation as autonomous vehicles, electric cars, smart cars and advanced tracking technology all become the new norm, thanks to innovation from AI, blockchain and other technologies.
You can’t talk about the future of transportation without naming Tesla Inc. founded in 2003 by visionary Elon Musk, who is also looking at a whole new level of transportation with SpaceX.
Not satisfied with being the leader in electric cars, the company also says, “All Tesla vehicles produced in our factory, including Model 3, have the hardware needed for full self-driving capability at a safety level substantially greater than that of a human driver.”
In the Tesla Fourth Quarter & Full Year 2018 Update in January they reported, ”In the past two years, Tesla vehicles have accounted for all of the electric vehicle (EV) volume growth in the US. Even with the radical EV growth in the second half of 2018, EVs still account for just 2% of the total US market, and there remains a substantial opportunity for EVs to continue to gain marketshare in the US and globally. Consumer purchases have demonstrated that EVs are becoming a preferred option, as EVs in Q4 2018 outsold hybrid electric vehicles (HEVs) in the US for the first time in history.”
But there are still some issues to work out for Tesla, including logistics as Forbes reported, “Tesla Confronts 'Logistic Nightmares' For Model 3 Says Musk.” Tesla is to deliver up to 400,000 vehicles world-wide this year, so it’s a problem that needs to be resolved.
Litelink Technologies Inc. a key player in technology and artificial intelligence within the logistics sector, is hoping to bring new technology solutions to the transportation industry. The company uses artificial intelligence and predictive analytics to solve the logistics industry’s fragmented and outdated technology problems. The company recently released an update on its 1SHIFT Logistics platform. The 1SHIFT trials were planned with the objectives of delivering the capability for a shipper to select amongst a preferred set of carriers, and then track the shipment until successfully delivered. A trucker will provide trip status and flag any issues via the 1SHIFT mobile app to minimize the communications with all parties and quickly resolve any obstacles for on-time delivery. “We have received positive market feedback both on our web and mobile solutions to date. By getting our mobile app in the hands of real truckers, we were able to make improvements that will significantly improve user experience, reduce mobile data usage, and at the same time verify our solution scalability and security. This is exactly the type of product feedback we were looking for prior to large-scale commercial launch,” states COO, Kent Churn. “Investing in an early alpha trial only helps us improve what is not working, and validates what is working well.”
Magna International Inc. one of the world's largest automotive suppliers, has industry roots going back to 1957 when it began working with General Motors. Now the company says it’s racing to the future with new technology. AT CES 2019, Magna introduced the company's future vision of how electrification, autonomy and smart mobility intersect: "At CES 2019, ‘Welcome to Mobility' is Magna's vision of the future where electrification, autonomy and smart mobility are all intertwined," said Magna CTO, Swamy Kotagiri. "Leveraging more than 60 years of experience designing and developing new technology, Magna helps customers striving to change the entire vehicle experience, not just a few components. We are excited to demonstrate this holistic advantage at CES." Talking about electrification technology, Magna says, “Global automotive trends serve as our signposts - and we have reached many milestones on our way to powertrain electrification.”
Electrameccanica Vehicles Corp. a designer and manufacturer of electric vehicles with deep attachments in the automotive sector, recently said in an update to shareholders, “Our timing in entering this exciting new market could not have been better. The automotive industry is undergoing transformational changes throughout, with legacy automakers being disrupted by new EV entrants who are uniquely providing aspirational electric vehicles that consumers actually want to purchase.” They also recently reported: ”Vehicle production and delivery from the Zongshen factory will ramp up throughout 2019 and the Company remains on track to commence deliveries of vehicles to customers.”
So what does the future hold? Experts predict that “A person in almost any major city for example, could by 2040 be able to step out their front door to find waiting the autonomous pod they ordered from a nearby multi- storey charging station only minutes earlier.”
The Daimler AG and BMW Group are to join forces on automated driving. Initially, the focus will be on advancing the development of next-generation technologies for driver assistance systems, automated driving on highways and parking features (up to SAE Level 4). The two companies have signed a Memorandum of Understanding to jointly develop this technology, which is key for future mobility. The Daimler AG and BMW Group view their partnership as a long-term, strategic cooperation and aim to make next-level technologies widely available by the middle of the coming decade.
Ola Källenius, Member of the Board of Management of Daimler AG, responsible for Group Research and MercedesBenz Cars Development said: "Autonomous driving is one of the most revolutionary trends for us at the moment, and the entire Daimler Group is working very hard on it.
As always at Daimler, our top priority is safety. Instead of individual, stand-alone solutions, we want to develop a reliable overall system that offers noticeable added-value for customers. Working with the right partners, we want to make significant advances in enhancing the performance of this technology and bring it safely on the road."
"As we continue to pursue our strategy, we are combining the expertise of two technology leaders. At the BMW Group, long-term partnerships within a flexible, scalable, non-exclusive platform are fundamental to advancing the industrialisation of autonomous driving. Combining the key expertise of our two companies will boost our innovative strength and speed up the spread of this technology," said Klaus Fröhlich, Member of the Board of Management of BMW AG, Development.
The planned cooperation offers the Daimler AG and BMW Group a number of obvious advantages: the skills and experience of the individual partners and a scalable architecture will speed up and streamline the development of future technology generations. Besides the synergies, new technologies will be faster to market, with shorter innovation cycles. For both companies, the safety of vehicle occupants and other road users is of the utmost importance and a key reason for making the reliability of systems a key criterion for the collaboration. The two partners continue to pursue their goal of being the pace-setter in development.
Joint development work will be carried out via a scalable architecture covering several stages of automation, with Levels 3 and 4 enabling automated driving on highways. In addition, the two partners plan to discuss the possibility of extending their collaboration to cover higher levels of automation, both on highways and in urban areas. These considerations underline the sustainable, long-term nature of the cooperation, which includes the aim to create a scalable platform for automated driving. The development of current-generation technologies and ongoing collaborations of the two companies will remain unaffected and continue as before. Ongoing development of latest-generation technologies and existing collaborations will remain unaffected by the projected cooperation and go ahead as planned. The Daimler AG and BMW Group will also explore additional partnerships with other technology companies and automotive manufacturers that could contribute to the success of the platform.
Autonomous driving at Daimler AG
Daimler AG has been working on series development projects not only for specific Level 3 vehicles but also for Levels 4 and 5. Long a leader in active safety systems, it programmed its systems largely in-house right from the very beginning. 2019 will see the launch in San José, Silicon Valley, of its first pilot programme, with Bosch, on self-driving vehicles (Levels 4/5) in urban environments. This will be the next milestone within the existing cooperation between both partners and the cooperation will continue as planned. Early next decade, Daimler will bring to the market not only highly automated (Level 3) vehicles but also fully automated (Level 4/5) vehicles. It is the only OEM in the world to be so well-positioned to apply autonomous driving.
Autonomous driving at the BMW Group
The BMW Group has been working on highly automated driving since 2006, and has established a non-exclusive platform with technology specialists, suppliers and OEMs to take it to series maturity. Since 2017, work in this area has been consolidated at the Autonomous Driving Campus in Unterschleissheim, just north of Munich, and the industrialisation and scalability of the technology is being advanced with the support of partners. Brand new agile software development is used at the Campus to speed up development of the platform and set new industry standards. Around the world, more than 70 test vehicles are trialling state-of-the-art technology. They collect data in order to improve machine learning with artificial intelligence through simulations and test new Level 2 - 5 functions out on the road. The generation of technologies that is currently under development will go into series production as Level 3 automation in 2021 in the BMW iNEXT where it will also be Level 4 enabled for pilot projects.
PepsiCo, one of the world's leading food and beverage companies, and The Global FoodBanking Network (GFN), a non-profit organization that develops and supports food banks in more than 30 countries, delivered more than 85 million servings of fresh food to communities in need in 2018 as part of their partnership to strengthen food banks around the world.
PepsiCo invested $500,000 with GFN to support training and development for food bank staff and purchases of essential equipment like trucks and refrigerated storage space – investments that help food banks enhance their operations and deliver fresh fruits, vegetables, whole foods and dairy to those suffering from hunger and malnutrition. This investment supports food banks in addressing logistical and financial challenges that often prevent food from reaching those in need and provided fresh servings to nearly 175,000 people in 2018 alone.
For the third consecutive year, there was a rise in the population suffering from hunger in 2018. According to the U.N., 1 in every 9 people experiences chronic hunger, which can have harmful impacts on children's physical and cognitive development, women's reproductive health and communities' safety and economic vitality. Food banks play an essential role in helping food reach the communities and populations who need it most. PepsiCo's partnership with GFN helped relieve hunger and strengthen food banks in Colombia, the Dominican Republic, South Africa, Israel, Bulgaria, Australia, Argentina, Guatemala and Peru. GFN and PepsiCo identified these countries based on local nutrition need and the capacity of existing in-country programs to significantly expand their distribution of fresh food with additional financial support.
"Global hunger is both a problem of food production and logistics," said Laxman Narasimhan, CEO of PepsiCo Latin America, Europe Sub-Saharan Africa. "We're proud to support grassroots, community-led interventions like food banks, whose food distribution efforts are critical in the fight against hunger. As violent conflicts, economic downturns and natural disasters put more families at risk, we must continue to invest in proven solutions, like food banks, so they have the resources and support they need."
"While hunger is a solvable problem, one in four people in the world are malnourished. At the same time, one-third of all food produced for consumption is wasted. Food banks capture food poised to be wasted and redistribute it to those in need. Thanks to the generosity of PepsiCo, we have an incredible opportunity to broaden the impact food banks have on communities around the world," said Lisa Moon, GFN President and Chief Executive Officer.
Innovation is the key to gaining and maintaining leadership in world markets. New ideas and new ways of doing things are the main ingredients for permanent business success. Barcelona is one of Europe’s most dynamic entrepreneurial ecosystems, especially in the field of new technologies thanks to multiple factors that have given the city over 1,200 startups with ambition and global vision.
A competitive environment Catalonia enjoys a dynamic, industrial, diverse and extremely business friendly economy making it a great location for innovation, entrepreneurship and R&D activities. Its capital, Barcelona, a magnet for professionals, researchers and students all over the world, holds the title of 1st European Capital of Innovation, according to iCapital Prize.
With leading scientific facilities, such as the ALBA Synchrotron, Mare Nostrum Supercomputer, Biomedical Research Park, Scientific Park of Barcelona or ICIQ, Catalonia has a well-established innovation scene that will help you achieve your innovation goals.
Innovation and R&D Catalonia received the most R&D investment and showed the highest number of R&D jobs in all Continental Europe (fDi Markets), making the region a key innovation hub not only in Spain but in Europe as a whole. Innovation and R&D activities benefit from efficient tax deduction schemes, as well as from lower corporate tax rates than those in neighbouring countries. Some cases of cutting edge multinationals performing R&D in Catalonia include HP, Amazon, Facebook, Nestlé, Bayer, Nissan, Roche or BASF.
The main sectors in Catalonia regarding R&D investment are Software & IT Services, Business Services, Business Machines & Equipment and Communication. ICT is indeed a very powerful sector in Catalonia, with more than 15,000 companies that account for almost 16,000 million euros of annual revenue. Together with a consolidated industrial economy, Catalonia stands out as a significant location for developing projects in the Industry 4.0 sector, a revolution in the digitalization of manufacturing processes. Moreover, Catalonia Trade & Investment works intensely on strengthening three strategic sectors for Catalonia: circular economy, smart cities and 3D Printing.
Talent attraction The availability of top-notch talent, with a wide range of profiles, will adapt to any of your company’s innovation needs. Barcelona has strengthened its position as one of the world’s leading cities in international talent attraction, with the number of professionals employed in R&D activities increasing around 4%. The amount of researchers in Catalonia is also growing by 4%.
Catalonia, with more than 1,050 degrees and masters, and more that 236,000 university students, has one of the highest student populations in Europe. Scientific publication is outstanding, and patents and technology transfer collaborations are growing at a healthy pace. With 0.1% of the planet’s population, Catalonia accounts for 1% of worldwide and 3.7% of EU-28 scientific production. Also, Catalan requests for European patents showed a relevant increase of 15.7% in 2017.
Startup ecosystem Catalonia is home to more than 1,200 startups that share a passion for innovation and thrive in sectors like Internet & Mobile Software and Services, eCommerce and Big Data. A global landmark, Barcelona is the third city preferred by entrepreneurs to create a new startup, only behind London and Berlin. Check the Barcelona and Catalonia Startup Hub to browse through all the startups based here. Also, Barcelona is the 5th European region in terms of startups, according to several renowned international rankings such as EU-Startups and Startup Heatmap Europe. The city has become a clear benchmark in Europe in the creation of new companies, especially those with a technological base. Top incubators and accelerators help boost the startup ecosystem in Catalonia.
International innovation programmes Catalonia Trade & Investment is committed to identifying the suppliers and technological partners that best fit your specific needs. Companies can access a grant programme for international R&D projects (Nuclis of Technological Innovation) that aims to boost collaboration between Catalan and foreign firms. Also, we deliver advice and training on how to present your project to the Horizon 2020 calls (the largest EU budget for research and innovation activities) together with a Catalan technological partner.
Innovate in Catalonia is straightforward but it gets even easier if you receive first-hand details on the local agents and how to get them to work for you and your investment.
Tap into Catalan innovation with us. www.catalonia.com
- Greensill research shows magnitude of funds needed by end of 2020
- $1tn for telecoms infrastructure plus $1.7tn for "Internet of Things"
- Alternative finance needed to meet funding requirements
The real cost of rolling out and implementing 5G telecoms technology across all sectors of the economies worldwide is expected to reach at least $2.7 trillion by the end of 2020, this is according to research by Greensill, the provider of working capital finance.
The telecoms sector requires an estimated $1 trillion of investment for infrastructure upgrades to accommodate 5G, a number widely accepted across the industry. Greensill's research shows, however, that the implementation of 5G across the global economy will cost far more – as much as $1.7 trillion more by the end of 2020 alone - as companies rush to assimilate the new technology into everyday products, industrials processes and infrastructure – otherwise known as "The Internet of Things."
Tony Wonfor, Greensill managing director and telecoms finance specialist says: "Spending on 5G roll out is just the thin end of the wedge. This project is actually about funding the growth of the Internet of Things and industrial connection to that." "In the automotive industry, for instance, 5G will be important for tracking components through the supply chain and in to the manufacturing process, then right through to an end product that has connectivity beyond anything we have seen so far," Wonfor adds.
Many companies are facing significant challenges in meeting these huge funding requirements as traditional banks alone cannot provide all the necessary funding. Greensill is filling the funding gap with innovations such as Supply Chain Finance, Accounts Receivable Finance and other working capital solutions.
Lex Greensill, Greensill founder and CEO, says: "Greensill counts many of the world's leading telecoms and industrial companies as clients primarily because of our success in innovating financial solutions across this space. We see our products such as handset financing and other working capital solutions as crucial to the successful roll out of 5G globally."
Greensill is the world's leading non-bank provider of working capital finance to companies globally. Founded in 2011 by Lex Greensill, the company provides businesses with alternative sources of funding, allowing them to provide suppliers with the opportunity for faster payment while at the same time preserving their own capital position.
China's private space launch firm, LandSpace, recently announced that it had closed the series B+ round of financing at ¥300m RMB ($43m USD), led by China Growth Capital with Zhongji Investment, 36Kr, Juzhuo Capital and others, bringing the total raised by LandSpace to over ¥800m ($115m USD). The purpose is to create a new commercial aerospace ecosystem consisting of the development, production and testing of the new liquid rockets.
Wayne Shiong, Partner of China Growth Capital (CGC), a leading investor, said, "Following the recent successful landing of the robotic spacecraft, Chang'e-4, on the far side of the moon on 3 Jan 2019, we are confident in the growth of the Chinese aerospace industry for the coming decades.
Private firms like LandSpace can add value by becoming a beneficial market supplement to traditional state-owned firms. LandSpace can greatly shorten the R&D time of small and medium-sized liquid oxygen methane engines in China and effectively reduce the cost of commercial launches in the future."
This financing round of LandSpace will be mainly for the R&D of the 80t liquid oxygen methane engine "Tianque" (TQ-12) and the medium-sized liquid launch vehicle "Zhuque 2" (ZQ2); both are flagship products of LandSpace. The trial run of short nozzle state thrust chamber for engine "Tianque" (TQ12) has been completed by the end of September 2018. It is expected that the test run of the whole system will be completed in the first half of 2019. The mediumsized liquid launch vehicle "Zhuque 2," which is developed based on the engine "Tianque" (TQ12), is planned to have its maiden voyage in 2020.
Zhang Changwu, CEO of LandSpace, believes the privately held firm's remarkable progress is attributed to a clear commercialization strategy and strong technical team. In the future, LandSpace will adhere to its true and tested technical strategy and continue to contribute to China's aerospace industry. LandSpace will focus on R&D, manufacturing and supply chain management, in order to meet the needs of the upcoming commercial launch in 2020.
About LandSpace LandSpace Technology Corporation Ltd. is a Chinese private aerospace enterprise engaged in the R&D and operations of launch vehicles. Focusing on small and medium scale commercial aerospace application market, LandSpace is devoted to the development of Liquid-fuel Rocket Engines (LREs) and low-cost commercial launch vehicles with independent intellectual property rights.
About China Growth Capital China Growth Capital is a leading early-stage venture capital firm in China with an extended interest in Silicon Valley. The firm funds seed to Series B in fintech, enterprise tech and Internet consumer sectors. Since its founding in 2006, China Growth Capital has grown to manage 8 Billion RMB (approximately 1.2 Billion USD) in asset under management across its different RMB and USD funds, with close to 300 portfolio companies. In addition to spaces technology, China Growth Capital has also recently invested in industries such as enterprise software, fintech, medtech, argritech, e-commerce and artificial intelligence etc.
For more information please visit: www.landspace.com www.chinagrowthcapital.com
“The Kawasaki INnovation Gateway SKYFRONT is the first important step in establishing the Tonomachi area of Kawasaki City as Asia’s Silicon Valley".
The area is the flagship science and technology innovation hub of Kawasaki City. KING SKYFRONT is a 40 hectare area located in the Tonomachi area of the Keihin Industrial Region that spans Tokyo and Kanagawa Prefecture and Tokyo International Airport (also often referred to as Haneda Airport). KING SKYFRONT was launched in 2013 as a base for scholars, industrialists and government administrators to work together to devise real life solutions to global issues in the life sciences and environment. Kawasaki KING SKYFRONT is a global innovation hub attracting the world’s leading corporations and laboratories in the areas of health, medicine, welfare and environment. Also designated as a special zone under the country’s new growth strategy, various privileges are offered to those operating at Kawasaki KING SKYFRONT.
Taking advantage of its exceptional access on land, sea and air, Kawasaki KING SKYFRONT is pursuing the goal of becoming the world’s highest-standard R&D hub. Specifically, methods to cure Alzheimer’s disease, cancer and spinal cord injury are being studied and developed, together with the development and manufacturing of innovative drugs and medical equipment, such as the design and production of state-of-the-art medical robots.
These actions are progressing steadily at Kawasaki KING SKYFRONT, in order to overcome issues faced by the modern world to create a healthy society, while promoting sustainable growth of the global economy. Internationally speaking, Japan is one of the few countries in the world that lead the movement to create new drugs. Together with the U.S. and Europe, Japan possesses all elements required to nurture knowledge-intensive industries, and the country demonstrates leadership over other Asian countries in this area. Furthermore, Japan has a rapidly aging population and a declining birth-rate, faster than many other countries. As such, products and services that respond to the medical and consumer needs of the elderly society are expected to create many new business opportunities.
Concentration of Expertise In addition, Kawasaki City’s action of matching personnel, technology and industrial platforms in eco-tech areas is likely to bring birth to many more new products, service and technologies at Kawasaki KING SKYFRONT. The City looks forward to such movements to improve the global environment and incubate numerous large-scale business opportunities. New business opportunities for product and service development, as well as the need for advanced medical care are generated by the 37 million population of the greater Tokyo area where Kawasaki KING SKYFRONT is located. As of 2012, the area housed 4,933 corporations and 1,165 research institutions, as well as 35 universities and graduate schools with science and engineering departments, and 46,000 people employed in R&D work. All of this combined suggests the great potential of Kawasaki KING SKYFRONT to respond to constantly changing, advanced market needs. Since many leading corporations locate their headquarters in the greater Tokyo area, Kawasaki KING SKYFRONT’s geographical position also serves as an ideal front for the R&D facilities to work closely with their sales / business divisions.
The areas surrounding Kawasaki KING SKYFRONT are unique for accumulating numerous global corporations, joint venture businesses, new businesses, medium and small-sized businesses with advanced manufacturing skills, as well as petrochemical factories and raw material industries. Since manufacturing and R&D are ideally conducted in close proximity, Kawasaki KING SKYFRONT serves as an optimal location with a high global potential for bringing birth to new technologies.
Green As the nucleus of the Keihin Industrial Zone, Kawasaki supported the rapid economic growth era of the nation. The flip side of rapid industrialization, however, was the degradation of the environment, including air and water pollution on a massive scale. In order to overcome this problem, Kawasaki City jointly worked with corporations to recover clean air and water. Consequently, much knowledge and human resources in pollution control is now recognized in this coastal area. Taking advantage of this, Kawasaki City is currently focusing on the utilization of hydrogen energy as a prime technology in “green innovation.” Such action of the City is very timely and likely to become an advanced model, since the industrial area adjacent to Kawasaki KING SKYFRONT has a massive hydrogen demand, and the area serves home to numerous fuel cell-related corporations.
Location - Advantages Kawasaki KING SKYFRONT is the Tonomachi development area of Kawasaki City, situated on the opposite shore of Tama River. Facing the Haneda International Airport and covering an area of approximately 40 hectares, concentrated here are the world’s forerunner corporations and research institutes in the areas of health, medicine, welfare and environment. Here, industry, government and academia collaborate dynamically beyond various barriers and restrictions.
Halfway between Tokyo and Yokohama, the city of Kawasaki belongs to the greater Tokyo district: the largest political, social and economic hub of Japan. Kawasaki is a lively city, with excellent traffic access and a comfortable living environment. As such, Kawasaki’s population has been growing steadily over the past decade, marking the highest growth rate among the 20 government- designated cities of Japan, and exceeded 1.5 million in April 2017.
Located right in the heart of greater Tokyo, many important cities of Japan are within the 30 kilometer radius of Kawasaki KING SKYFRONT. Furthermore, Kawasaki KING SKYFRONT offers a logistical advantage by sea as it is in the center of Keihin Port. In addition, it is at the interchanges of numerous expressways that extend north to south, east and west.
Kawasaki KING SKYFRONT is also just 600 meters away from the Haneda International Airport, the hub of numerous flights to and from Asia and the world. Taking full advantage of this aerial gateway, as well as other available excellent transport infrastructure by sea, road and railway, day trips from Kawasaki KING SKYFRONT can be made throughout Japan and some Asian countries. This will be enabled further with the construction of a bridge that directly links the Kawasaki KING SKYFRONT with the Haneda International Airport, to be completed in 2020.
Furthermore, located at Haneda International Airport is the Tokyo International Air Cargo Terminal (TIACT), an exclusive facility for medical drugs (medical gateway), where drugs for clinical test purposes are preserved at the proper temperature, and are maintained under strict security control. This medical gateway also assists Kawasaki KING SKYFRONT’s corporations and research facilities by allowing swift and efficient transport of their drugs to any medical institution within or outside Japan. Furthermore, a direct link road will be completed by 2020, connecting Kawasaki KING SKYFRONT to Haneda International Airport, Japan’s main aerial gateway to the world. Close to Kawasaki KING SKYFRONT are numerous attractive natural settings and cultural facilities that can be reached within minutes.
For more information: www.king-skyfront.jp