Japan’s largest mobile telco NTT Docomo (NYSE:DCM) today announced its new incubation program called ‘Docomo Innovation Village’ (first alluded to back in October) has launched. Its goal will be to intensifying business partnerships with startup companies.
In connection with the start of this program, the company is planning to launch a new 10 billion yen fund (approximately $107 million) (called Docomo Innovation Ventures) by receiving all shares of NTT Investment Partners, a fund management company belonging to NTT group’s stock holding company. The fund will be established in late February.
...Sd 2/7/2013 [en]
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- The second largest telco in Japan, KDDI launched a similar type of initiative last year combining incubation program (Mugen Labo) and venture fund (Open Innovation Fund). But it is interesting that Softbank, which must be the most entrepreneurial company among the three, does not have the type of program or even looks not interested in startups in Japan although the company invests in several startups outside of Japan.
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