Tokyo Metro Ventures will target startups that can improve the value of its stations and solve issues on its lines.
Tokyo Metro, the operator of the Tokyo subway system, launched a ¥3bn ($20m) corporate venture arm called Tokyo Metro Ventures today to collaborate with startups.
The company expects to commit the capital through 2027 and will invest in startups with technologies that can improve the value of its stations, as well as expand foot traffic and solve problems on its rail lines. It will also invest in selected venture capital funds.
Tokyo Metro, which also handles distribution, real estate and communication businesses, is offering startups the chance to test or advertise their products and services in its stations and trains, which carry upwards of 6.5 million passengers per day.
Although Tokyo Metro Ventures is new, Tokyo Metro has operated a startup accelerator since 2016 and has already invested in several of its graduates, some of which it is working with to jointly develop projects.
