11th April, 2023
ICMG Partners Co., Ltd.
ICMG Co-Creation Fund Ⅰ Investment Limited Partnership
ICMG Co-Creation Fund Ⅰ Investment Limited Partnership, managed by ICMG Partners, Co., Ltd. (HQ: Marunouchi, Chiyoda-ku, Tokyo), with limited partners, Japan Airport Terminal Co.,Ltd. (HQ: Haneda Airport, Ota-ku, Tokyo), and Kiraboshi Bank, Ltd. (HQ: Minami-Aoyama, Minato-ku, Tokyo), has been approved by the Japanese Ministry of Economy, Trade and Industry as an investment business that promotes the use of external management resources under the Act on Strengthening Industrial Competitiveness.
|The photo of ICMG Group members (taken at ICMG Marunouchi Office (Future Center Tokyo))|
This special provision will enable us to promote co-creation activities between a wide range of startups and Japanese corporations on a global scale and to support value creation by Japanese corporations. ICMG Co-Creation Fund is the second business in Japan to be granted this special provision.
ICMG Co-Creation FundⅠwas established in May 2021 as a venture capital fund that not only invests in startups, but also encourages co-creation between entrepreneurs and large companies that support social infrastructure. In collaboration with other leading global venture capital firms, we have invested in startups across India and Southeast Asia, that will become the next unicorns, and have supported them through open innovation with Japanese corporations while leveraging the local networks, customer bases, and business development expertise of the investee companies.
With the approval of this special provision, we will further accelerate co-creation activities between promising Asian startups and Japanese major corporations, and further strengthen our support for the overseas expansion of Japanese major corporations and the sales expansion of Japanese products and services that can compete in the global market.
【About “Special Provision on Overseas Investment Regulations Concerning Investment Limited Partnership” by the Ministry of Economy, Trade and Industry】
Please refer to the following website of the Ministry of Economy, Trade and Industry (METI) for details of this special provision.
【About ICMG Group】
ICMG Group has been leading co-creative innovation not only in Japan but also in Southeast Asia and US together with various stakeholders such as leading Japanese big corporations, startups, and government agencies. ICMG Group has also carried out renewable energy investment projects in Southeast Asia with Tokyo Electric Power Company and Chubu Electric Power Co, formed a strategic partnership in Singapore with UNDP to promote the Sustainable Development Goals (SDGs), and launched the sustainable city initiative project in Japan with Aichi Prefectural Government. ICMG Co-Creation Fund aims to create a sustainable society by providing growth capital and strong partner network of leading Japanese corporations to startups that solve social issues.
【About ICMG Co-Creation Fund】
ICMG Co-Creation Fund was launched in May 2021 and is being managed by ICMG Partners as the General Partner. The Limited Partners are Japan Airport Terminal, which operates Haneda Airport Terminal Building and its group company Haneda Future Research Institute(LP investment from Japan Airport Terminal), and Kiraboshi Bank, which aims to become “a comprehensive service provider with strong financial capabilities”. The fund aims to build an ecosystem that leads a sustainable future by encouraging co-creation between startups that solve social issues beyond industries and Japanese large companies. In addition to providing startups with speedy growth capital, we also aim to provide growth support by offering collaboration opportunities with ICMG Group’s network of Japanese large companies.