TOKYO, Oct 29 (Bernama-BUSINESS WIRE) -- Mitsui Chemicals, Inc. (TOKYO:4183)(President & CEO: Tsutomu Tannowa) and Chitose Group (CEO: Tomohiro Fujita), a group of biotechnology startups, have jointly launched the "0 to 1 Project" as a novel open innovation initiative to foster "business and talents” based on unique technology seeds. In order to commercialize Mitsui Chemicals’ plant cell culture technology and Chitose Group’s microbiota-activated cultivation technology*, Chitose Group has established “PHYTO Renaissance, Inc.” and “Tierraponica, Inc.” respectively. Chitose Group accepts Mitsui Chemicals employees as a representative of each company and aims to put the businesses of both companies on growth track.
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