KDDI and Global Brain wants to fund young startups worldwide
May 21, 2012 by Terence LEE
The KDDI Open Innovation Fund, a 5 billion Yen (US$63M) corporate venture capital fund from Japan, is seeking to invest in promising mobile startups in the seed and growth stage.
Started in February, the fund is a collaboration between KDDI, a major Japanese telecoms operator, and Global Brain, a VC firm. The fund will invest in companies in Asia, Japan, and the United States, providing not just funding but also service development, platform for cloud services, and promotional initiatives.
Global Brain sees Singapore as a center of their upcoming activities in Asia, having already partnered with the NUS Entrepreneurship Centre. They have been managing several corporate venture capital funds for 11 years.
Startups can apply for the fund through the Global Brain website.
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About The Author
Terence LEE - Editor
Terence writes mainly about technology trends and startups in Asia. He believes in crafting smart content: Not just a regurgitation of text, but well thought-out pieces that serve the reader using a combination of data, design, narratives, analysis, and visual impact. His articles have been published on Venturebeat, Yahoo!, Straits Times, Today, and The Online Citizen. He also co-founded NewNation.sg, a satirical news site covering Singapore affairs. Engage him on LinkedIn and Twitter.
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