News Releases


Hitachi and Plug and Play Tech Center Announce Strategic Partnership

SUNNYVALE, January 22, 2018 – Hitachi America, Ltd. and Plug and Play Tech Center, a global startup ecosystem specializing in the development of early-to-growth stage technology startups, today announced a strategic partnership to accelerate the development of new financial service solutions. Plug and Play will work closely with the Financial Innovation Laboratory of the Global Center for Social Innovation - North America (CSI-NA) in Santa Clara, California. The collaboration will introduce Hitachi to leading startups in the FinTech space to further Hitachi’s innovation strategy in this area.

The Financial Innovation Laboratory was established in April 2016 to accelerate research & development of blockchain technology, collaborative creation with customers, and development of solutions to support business innovation in financial institutions. “The Financial Innovation Laboratory is always looking for new partners to help bring to the market novel solutions that help customers. We have partnered with Plug and Play because of their track record of identifying and supporting startups with the right mix of technology and teams. We look forward to developing an ecosystem of startups to further our FinTech research and strategies,” said David Pinski, Chief Strategist for Financial Innovation, at CSI-NA.

Plug and Play FinTech currently has 27 corporate partners that take part in the FinTech program with the goal to generate a pilot/POC with the startups. "Hitachi represents an incredible partner and one of the key cornerstones of infrastructure opportunities within financial services for our global entrepreneurship network. Paired with their research capabilities and our local leader in David Pinski, we are extremely excited to collaborate with Hitachi as they are one of the leading providers across a range of financial services," said Scott Robinson, VP and Founder of Plug and Play FinTech.