ANNOUNCEMENT 07 Oct 2013
On October 7th, 2013, the Innovation Network Corporation of Japan (INCJ) invested in Japanese corporation Smart Insight Co., Ltd.
NUMBER OF INTERVENTIONS
INCJ (2013). ビッグデータを分析する企業向けソフトウェアの開発・販売を行うスマートインサイト（株）への投資を決定 ("Invest in Smart Insight Co., which develops and sells enterprise software that analyzes big data"). Available at
More information about INCJ's relation with Smart Insight can be found at
https://www.incj.co.jp/performance/upload/docs/1437954979.02.pdf & https://www.incj.co.jp/performance/upload/docs/1437965248.04.pdf
On October 7, 2013, the Innovation Network Corporation of Japan (INCJ) signed an investment contract with Japanese company "Smart Insight Corporation" for a total value of 1 billion Yen (10 million USD) and signed another investment of 5 million USD on July 27th, 2015. The investment relates to Smart Insight's development and sales of software for the analyzation of big data.
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.