Oct 6, 2010

Development Bank of Japan sets up 4B yen of venture fund

Development Bank of Japan (DBJ) sets up venture fund in this October and plans to start investments within this year. It focuses on growing domains such as new energy or cloud computing with upwards of 50 million yen for each startup and total of four billion yen to find high growth companies which bear Japan's future.

The bank also aims to invite other financial institutes' capital to the market with the creditworthy 100%-owned government bank entering into venture investments.

Yomiuri Online 10/4/2010

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