Incubate Fund holds new business generation program, Incubate Camp 2nd in October /Cnet Japan

The program targets engineers or entrepreneurs in 20s. In addition, only entrepreneurs who plan to found a corporation within a year or have founded within the past two years can apply for the program. The deadline for application is August 24 and 24 entrepreneurs will be selected for the camp.

Incubate Fund is a venture capital focused on investing in startups developing social media related services and promising growth ventures. Among 3 billion yen of total amount of the fund, DeNA invests 2.5 billion yen.

The venture capital held Incubate Camp 2010 Fall in the last year, from which five companies were founded.

Incubate Camp 2nd extends support menu largely and invests in up to 10 entrepreneurs after the two days camp.

Cnet Japan 7/26/2011

memo

• Portfolio of Incubate Fund includes Pokelabo and Istpika, both of which develop mobile social games.