ANNOUNCED AS TEMPORARYNo
Capital injection and equity stakes (including bailouts)
On December 16th, 2016, the Innovation Network Corporation of Japan (INCJ) transferred their 10 million USD worth of shares in Japanese company Treasure Data Inc to ARM Ltd. The investment relates to Treasure Data's cloud management software for collecting and analyzing big data.
On August 3rd, 2018, INCJ transferred their stocks to British company ARM Ltd.
About the Innovation Network Corporation of Japan (INCJ)
In 2009, INCJ was created as a public-private investment fund to financially support industries "next-generation businesses". INCJ supports projects that "combine technologies and varied expertise across industries and materialize open innovation.". According to the INCJ website, the fund has an investment capacity of up to USD 20 billion. Although characterized as a public-private partnership, in fact only 0.1 billion of the 2.6 billion USD invested in the fund was provided by the private sector. The rest came from the Japanese government. Of the 0.1 billion USD said to be contributed by the private sector, 13.6 million USD was in fact provided by the Development Bank of Japan, a state-owned bank.
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