Fujifilm, Tokyu and Persol’s newly formed investment vehicles will help their respective corporate parents expand their open innovation roadmaps.

Japan-headquartered corporations Fujifilm and Tokyu Construction have recently launched dedicated corporate venturing vehicles that will target startups operating in their respective strategic areas.

Construction firm Tokyu Construction’s ¥5bn ($43.4m) Tokyu-Const GB Innovation Fund (TCIF) was formed in 2021, the corporate said last week. It is set to operate for a decade, focusing on decarbonisation, zero waste, disaster prevention and mitigation, human resources and digital technology.

Venture capital firm Global Brain is co-running TCIF, which represents the first such partnership in…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.