Innovation Network Corporation of Japan

In early 2009, the Japanese government along with major Japanese corporations conceptualized the legal framework of a corporate entity - whose aim is to leverage Japanese technological and industrial prowess to create sustainable next-generation businesses using a philosophy of "Open Innovation" and enhance the value of Japanese businesses. On July 27, 2009, the Japanese government under the Act on Special Measures for Industrial Revitalization and Other Laws to Foster Innovation in Industrial Activities in Japan, established the Innovation Network Corporation of Japan (INCJ). The primary objective is to provide capital and managerial support to boost the competitiveness of Japanese firms and create next-generation businesses in promising new technologies, which contribute to innovative transformation of Japan’s industrial structure. == Organisation and leadership ==

The INCJ is headquartered at Tokyo and has a flat management structure centered around CEO and COO Its current CEO is Kimikazu Noumi and COO, Haruyasu Asakura. == Investments ==

The INCJ is capitalized at 112 billion yen. The Japanese government also provides guarantees up to a total of 1,800 billion yen for INCJ investments. This funding is used partly as a combination of venture capital and “buyout fund” to provide risk arbitrage to support a growth strategy of small and mid-size companies and to facilitate consolidation among established companies for the purpose of helping them become global leaders, as well as directly invest in new ventures. The breakup of investors and their investments made are the following, Japanese Government The Japanese government provides 102 billion yen out of the total capital of 112 billion yen. The government also provides guarantees up to a total of 1,800 billion yen for INCJ investments, giving it an investment capability of approximately 1,900 billion yen (US$24 billion). Corporate investors The following 19 major Japanese companies have made a total investment of 10 billion JPY. Each investor has contributed 500 million yen, with the exception of DBJ, which has contributed 1 billion yen. • Asahi Kasei Corporation • Osaka Gas Co., Ltd. • Sharp Corporation • The Shoko Chukin Bank, Ltd. • Sumitomo Chemical Co., Ltd. • Sumitomo Corporation • Sumitomo Electric Industries, Ltd. • Takeda Pharmaceutical Company Limited • Tokyo Electric Power Company, Inc. • Toshiba Corporation • JGC Corporation • Development Bank of Japan Inc. • Panasonic Corporation • East Japan Railway Company • Hitachi, Ltd. • Mizuho Corporate Bank, Ltd. • MUFG Bank, Ltd. • General Electric Company, Japan • JX Nippon Oil & Energy Corporation == See also ==