TLDR:
- Nine CVCs have joined Tokyo Metropolis’s startup matching initiative.
- The Tokyo Metropolitan Government has selected Asahi Kasei, Kashiwabara, Canon Marketing, Kirin, J Front, KHI, ShoPro, Sekisui, and Denka as corporate partners for the program.
In a new initiative by the Tokyo Metropolitan Government, nine corporate venture capital investors (CVCs) have joined a startup matching service to partner with small and medium-sized enterprises (SMEs) and startups. The initiative, named Business x Next x Tokyo, was launched in collaboration with human resources firm Adecco. Some of the selected CVCs include Asahi Kasei Ventures, Japan Con-Tech Fund, Canon Marketing Japan Mirai Fund, Kirin Health Innovation Fund, and FR Mirai Creators Fund.
These CVC units represent various industries such as chemicals, building maintenance, advertising, brewery, and department store operations. The chosen CVCs will be eligible to apply for a subsidy from the Tokyo Metropolitan Government, covering half of the costs incurred during proof-of-concept activities with startups.
The initiative aims to facilitate partnerships between established corporations and innovative startups, fostering collaboration and driving forward innovation in Tokyo’s startup ecosystem. The selected CVCs will play a crucial role in supporting and mentoring these startups, bringing together global innovation and capital in the vibrant city of Tokyo.
