Result Announcement– Additional Certification of Venture Capital Firms to Partner in NEDO Technology-based Startup Support Program
April 19, 2016
Program Title: NEDO Technology-based Startup Support Program
Contact: Startup Group, Innovation Promotion Department
Points of Contact: Tsukagoshi, Matsunaga, Hashizume
TEL: 044-520-5173 FAX: 044-520-5178
Regarding “Additional Certification of Venture Capital Firms to Partner in NEDO technology-based Startup Support Program”, the New Energy and Industrial Technology Development Organization (NEDO), a national research and development agency, shows the result announcement of 7 certified VCs as below.
1. Program Description
The New Energy and Industrial Technology Development Organization (NEDO) is planning to issue an additional solicitation to award certifications to venture capital firms, seed accelerators and other venture investment companies (VCs*) that will participate in NEDO’s assistance program for technology-based startups and venture businesses in the seed stage (STSs**) as investment partners.
NEDO will prioritize applicants with high potentials to, upon certification, 1) contribute to building a venture capital ecosystem in Japan, especially through novel approaches (e.g. hands-on policies); and 2) strengthen the economy and develop international business channels by enhancing cooperation with global networks.
Applicants will join the current team of 12 Certified VCs. The same certiification conditions apply to the new VCs (e.g., capability to make investments in STSs, intent to maintain hands-on involvement with STSs after investment, and setting up an operating base/branch in Japan). Teams comprised of multiple companies are also eligible to apply.
*VCs = Venture capital firms, seed accelerators and other venture investment companies
**STSs = Technology-based startups and venture businesses in the seed stage
(2) Valid Period of Certification
April 19 2016 -March 31, 2020
2. Application Procedures
Please download all necessary documents from the documents section at the very bottom of this page.