TORONTO, Ontario, Canada – INFINITI LAB, in partnership with Multiplicity, returns to Toronto this May with applications opening today, Thursday, April 26, 2018. For the first time, LAB participants will have the opportunity to pitch to the Renault-Nissan-Mitsubishi venture capital fund, Alliance Ventures.
INFINITI LAB Toronto will run for the second time after last year’s successful accelerator program, gaining the support of local government and the Ontario Centre of Excellence.
“INFINITI has an ambitious vision, recognizing the agile nature and benefits startups can bring to our organization. Over the past three years we have worked with exceptional startups to develop pilots and partnerships that could transform our business. 2018 marks an exciting time as we strengthen our commitment and support for entrepreneurs worldwide,” Roland Krueger, Chairman and Global President of INFINITI
The Renault-Nissan-Mitsubishi Alliance Ventures capital fund, of up to $1 billion USD, was launched to target new innovation for the Alliance.
“Renault-Nissan-Mitsubishi launched Alliance Ventures earlier this year, targeting investments in technology and business model innovation in vehicle electrification, autonomous systems, car connectivity and new mobility services. We’re excited to be working together with INFINITI LAB to identify new investment opportunities. Toronto is one of the leading startup ecosystems globally, and we anticipate that members of the upcoming LAB programs will be a fit with our mission to invest in innovative startups,” comments Francois Dossa, Head of Alliance Ventures.