A government-owned fund, Innovation Network Corporation of Japan (INCJ) announced a set up of a new fund jointly with University of Tokyo Edge Capital (UTEC). INCJ invests up to 10 billion yen in the fund in which they plan to raise additional 5 to 10 billion yen from financial institutes. It aims to create new business by excavating and investing in buried research at universities.
Majority of capital is funded by INCJ, but UTEC is in charge of selection of investments. ...
Nikkei 10/16/2013 [jp]
memo
- An establishment of new funds is expected to increase in the next several months. A valuation of seed startups seems already rising and these new funds could accelerate the trend.
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