ANNOUNCEMENT 05 Aug 2015
On August 5th, 2015 the Innovation Network Corporation of Japan (INCJ) invested in Smart Drive Co., Ltd.
NUMBER OF INTERVENTIONS
INCJ (2015). テレマティクス情報活用プラットフォームの事業化に取り組む株式会社スマートドライブへの出資を決定 ("Deciding to invest in smart drive Co., Ltd., which tackles commercialization of telematics information utilization platform"). Available at
More information about INCJ's relation with Smart Drive can be found at
On August 5th, 2015, the Innovation Network Corporation of Japan (INCJ) announced a capital injection in the Japanese company "Smart Drive" with a total value of up to 52 million USD. The investment relates to Smart Drive's telematics services. Telematics is a term used when referring to the combination of telecommunications and informatics.
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.