The $46m JGC Mirai Innovation Fund will invest in startups working on net-zero emission, green infrastructure, lifestyle and industry 4.0 technologies globally.

Japan-headquartered infrastructure group JGC Holdings and its engineering subsidiary, JGC Corporation, have earmarked ¥10bn ($92m) for open innovation investments, half of which will go to a newly formed corporate venturing arm.

JGC Mirai Innovation Fund is set to operate for 10 years and will be managed by venture capital firm Global Brain. It will target developers of carbon neutrality, sustainable infrastructure, lifestyle improvement and smart industry technologies and products, in Japan and internationally.

Founded in 1928 as Japan Gasoline, JGC…

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Edison Fu

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