Mitsubishi Chemical Holdings Corporation announced that it will establish a new U.S. subsidiary company to partner with and invest in startup companies. The new company, Diamond Edge Ventures Inc., will be based in Silicon Valley and will engage with startup companies and the venture community worldwide. The president of the new company will be Mr. Patrick Suel, a 30-year veteran of Silicon Valley with deep experience both in Corporate Venture Capital and as an entrepreneur launching his own ventures.

Diamond Edge Ventures will work closely with the Tokyo-based Venture Group within the Emerging Technology and Business Development Office (ETBDO) at MCHC Headquarters. In addition, Diamond Edge Ventures will share information and expertise in collaborating with MP Healthcare Venture Management Inc., the CVC subsidiary of MCHC Group company Mitsubishi Tanabe Pharma.