Japanese electronics company Panasonic Corp. said March 1 that it formed a joint venture, BeeEdge, with San Francisco-based venture capital firm Scrum Ventures.
BeeEdge will be a startup accelerator that will take underutilized technologies within Panasonic and create independent startups to develop them commercially.
Panasonic said that Scrum's experience in working with startups will help identify the best partners in Silicon Valley to develop technologies.
