INCJ

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Innovation Network Corporation of Japan (INCJ)
株式会社産業革新機構
Private
Industry Diversified industries,[1] mainly
Environment and energy
Life sciences
Electronics
Machinery and components
Advanced material
Founded July 27, 2009[1]
Headquarters Marunouchi Kitaguchi Bldg., 1-6-5, Marunouchi,
Chiyoda-ku, Tokyo, Japan[1]
Key people
 Kimikazu Noumi[2] (CEO)
Haruyasu Asakura[3] (COO)
Owner See Investors[4]
Website www.incj.co.jp

The Innovation Network Corporation of Japan(INCJ) (株式会社産業革新機構 Kabushiki-gaisha Sangyō Kakushin Kikō?), headquartered in Tokyo,[4][5] is a public-private partnership between the Japanese government and 19 major corporations.

The INCJ was established as a temporary (15 years) corporate entity[6] on July 27, 2009; with the prime objective of "boosting the competitiveness of Japanese firms by promoting a philosophy of 'open innovation' and creating next-generation businesses in promising new technologies by providing capital and managerial support, through private-public partnership."[1]

The business and investments of INCJ are supervised by the Ministry of Economy, Trade and Industry of Japan (METI).

History

In early 2009, the Japanese government along with major Japanese corporations conceptualized the legal framework of a corporate entity - whose aim is to leverage Japanese technological and industrial prowess to create sustainable next-generation businesses using a philosophy of "Open Innovation" and enhance the value of Japanese businesses.[6]

On July 27, 2009, the Japanese government under the Act on Special Measures for Industrial Revitalization and Other Laws to Foster Innovation in Industrial Activities in Japan, established the Innovation Network Corporation of Japan (INCJ).[1] The INCJ was created to make investments aimed at creating an ecosystem of innovation and fostering an “open innovation” model, i.e. “flow of technology and expertise beyond the boundaries of existing organisational structures” — be it start-up companies, medium-sized enterprises or large, established firms.

The primary objective is to provide capital and managerial support to boost the competitiveness of Japanese firms and create next-generation businesses in promising new technologies, which contribute to innovative transformation of Japan’s industrial structure.

Organisation and leadership

The INCJ is headquartered at Tokyo and has a flat management structure centered around CEO and COO

Its current CEO is Kimikazu Noumi[2] and COO, Haruyasu Asakura.[3]

Investments

Company Country Sector Investment Description Sources
ALPS Green Devices Japan Electronics JPY 10 billion A subsidiary of Alps Electric Corporation manufacturing energy-saving electronic devices used in smart grid devices, electric vehicles, home appliances, and information appliances. [7]
GENUSION Japan Semiconductor JPY 2.6 billion A developer of semiconductor memory devices [8]
TRILITY Australia Water AUD 225 million Formerly United Utilities Australia (UUA), an Australian water utility, acquired by ICNJ, Mitsubishi Corporation, JGC Corporation, and Manila Water from United Utilities. [9][10]
[[{{{1}}}]][] Japan Wind power JPY 1 billion A manufacturer of small wind turbines and other energy systems [11]
LSIP Japan Life science JPY 1 billion Life Science Intellectual Property, Japan's first intellectual property investment fund [12][13]
ENAX Japan Battery JPY 3.5 billion A manufacturer of laminated sheet lithium-ion batteries [14]
JINED Japan Nuclear power JPY 20 million An industry consortium for proposal and research activities for nuclear power plant project orders in emerging countries [15]
Aguas Nuevas Chile Water JPY 20 billion A Chilean water utility acquired by Marubeni from the Santander Group [16]
Anaeropharma Science Japan Pharmaceutical JPY 2.9 billion A university venture developing anticancer agents [17]
Nihon Inter Electronics Corporation Japan Semiconductor JPY 3.5 billion A manufacturer of power semiconductor devices [18]
Nakamura Choukou Japan Machining JPY 1.2 billion A manufacturer of special ultra-precision equipment [19]
JEOL RESONANCE Japan Instruments JPY 1.5 billion A spin-off of JEOL manufacturing nuclear magnetic resonance instruments [20]
Peach Aviation Japan Airline JPY 10 million Japan's first low-cost carrier established by All Nippon Airways and First Eastern Investment Group, a Hong Kong investment firm [21]
衆智達汽車部件(常州)有限公司 China Automotive JPY 1.5 billion An automotive parts maker founded in Changzhou, China, by small Japanese automotive parts makers [22]
Miselu United States Music USD 6 million The San Francisco-based company develops music interfaces (hardware and software) for the Apple iPad. It is run by Yoshinari Yoshikawa (CEO) and Jory Bell (CTO). [23]
Landis+Gyr Switzerland Metering USD 680 million A Swiss smart meter technology company acquired by Toshiba [24][25]
Japan Display Japan Display JPY 200 billion A manufacturer of liquid crystal display panels established by the integration of the small and medium size LCD businesses of Sony Mobile Display, Toshiba Mobile Display, and [[{{{1}}}]][] [26]
UniCarriers Corporation Japan Machinery JPY 30 billion A holding company of TCM Corporation and Nissan Forklift, which are the forklift businesses of Hitachi Construction Machinery and Nissan, respectively [27][28]
Pharma8 Japan Pharmaceutical JPY 550 million A start-up developing drugs to cure Alzheimer's disease [29]
[[{{{1}}}]][] United States Entertainment JPY 6 billion A Hollywood industry consortium to remake the copyrighted works of Japanese entertainment, such as movies, television shows, games, books, toys, and character-licensed merchandise [30][31]
Seajacks International United Kingdom Wind power JPY 35 billion A British offshore wind farm constructor acquired by Marubeni from Riverstone Holdings [32][33]
(unnamed) Japan Video JPY 60 million A special purpose company for the incubation of voice search technology for video streaming websites, developed by the National Institute of Advanced Industrial Science and Technology (AIST) [34][35]
[[{{{1}}}]][] Japan Publishing JPY 15 billion A company assisting publishers to publish and distribute e-books [36]
Sphelar Power Japan Solar power JPY 500 million A manufacturer of transparent, spherical solar cells founded by [[{{{1}}}]][] and Kyosemi, a manufacturer of semiconductor devices [37][38][39]

Investors

The INCJ is capitalized at 112 billion yen. The Japanese government also provides guarantees up to a total of 1,800 billion yen for INCJ investments. This funding is used partly as a combination of venture capital and “buyout fund” to provide risk arbitrage to support a growth strategy of small and mid-size companies and to facilitate consolidation among established companies for the purpose of helping them become global leaders, as well as directly invest in new ventures.

The breakup of investors and their investments made are the following,

Japanese Government

The Japanese government provides 102 billion yen[5] out of the total capital of 112 billion yen. The government also provides guarantees up to a total of 1,800 billion yen for INCJ investments, giving it an investment capability of approximately 1,900 billion yen (US$24 billion).

Corporate investors

The following 19 major Japanese companies have made a total investment of 10 billion JPY.[5] Each investor has contributed 500 million yen, with the exception of DBJ, which has contributed 1 billion yen.

Individual investors

The following individual investors have invested 5 million yen each.

  • Kimikazu Noumi, former CEO, Aozora Bank Ltd. and current CEO, INCJ
  • Haruyasu Asakura, former Managing Director at Carlyle Japan and current COO, INCJ

See also

References

  1. ↑ 1.0 1.1 1.2 1.3 1.4 Lua error in package.lua at line 80: module 'strict' not found.
  2. ↑ 2.0 2.1 Bloomberg Business week executive profile | Kimikazu Noumi
  3. ↑ 3.0 3.1 Bloomberg Business week executive profile | Haruyasu Asakura
  4. ↑ 4.0 4.1 Lua error in package.lua at line 80: module 'strict' not found.
  5. ↑ 5.0 5.1 5.2 Lua error in package.lua at line 80: module 'strict' not found.
  6. ↑ 6.0 6.1 Lua error in package.lua at line 80: module 'strict' not found.
  7. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  8. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  9. ↑ Official website
  10. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  11. ↑ The Nikkei Electronics(May 10, 2010)- Nikkei BP
  12. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  13. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  14. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  15. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  16. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  17. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  18. ↑ The Nikkei Electronics, Nikkei BP(November 9, 2010)
  19. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  20. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  21. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  22. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  23. ↑ Miselu Inc. | CrunchBase Profile. Crunchbase.com (2011-07-02). Retrieved on 2014-04-12.
  24. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  25. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  26. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  27. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  28. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  29. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  30. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  31. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  32. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  33. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  34. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  35. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  36. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  37. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  38. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  39. ↑ Lua error in package.lua at line 80: module 'strict' not found.

External links

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