The Japanese giant Sony has teamed up with Daiwa Capital Holdings to raise as much as $ 185 million for their new investment fund, the "Innovation Growth Fund". Objective: to foster innovation in start-ups.
Sony and start-ups, a love story that lasts. Last February, the Asian multinational presented a start-up accelerator open to all entrepreneurs. The idea was then to put its know-how and expertise at the disposal of emerging companies to ambitious projects. With the opportunity to invest, to ally or provide its premises in the long term depending on the potential of the incubated project.
Target $ 185 million
This time, the firm of Country of the Sun-Levant approached Daiwa Capital Holdings , the venture capital branch of the investment bank Daiwa Securities, to embark on a new project of this kind: the creation of an investment fund called " Innovation Growth Fund ", whose goal is to raise not less than 20 billion yen or about 185 million dollars, we learn in a press release .
To achieve this financial windfall, the pair is necessarily appealing to investors of weight. Some have already given their approval, like the financial institutionsSumitomo Mitsui Banking Corporation and Osaka Shoko Shinkin Bank, as well as Mitsubishi UFJ Lease & Finance Company Limited. Without the money injected by the actors involved being communicated.
Key sectors with strong growth
This new fund will aim to foster innovation in young companies positioned in " key growth sectors ". The environment of new technologies should logically be part of it. The young shoots, now, to make some calls of the foot to this new promising duo.
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