ANNOUNCEMENT 16 May 2017
On May 16th, 2017, the Innovation Network Corporation of Japan (INCJ) invested in Japanese cooperation Dynamic Map Base Corporation.
NUMBER OF INTERVENTIONS
INCJ (2017). ビッグデータを活用したマーケティングプラットフォームを開発・提供する 株式会社フロムスクラッチへの出資を決定 ("Develop and provide marketing platform utilizing big data Determined to invest in From Scratch Co., Ltd."). Available at
More information about INCJ's relation with From Scratch can be found at
On May 16th, 2017, the Innovation Network Corporation of Japan (INCJ) will purchase shares worth up to 1.5 billion Yen (13 million USD) in Japanese company "From Scratch Co., Ltd.". The investment relates to the From Scratch's investments into "fourth industrial revolution" sectors such as big data, development of new technologies, cloud market, marketing, and data management.
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.