The electronics producers will set up a joint fund in March 2016 that will seek out startups in the internet of things, robotics and other emerging sectors.
Japan-based electronics conglomerates Omron and Ricoh will launch a ¥5bn ($44.5m) joint corporate venturing fund next month aimed at emerging technology sectors, Nikkei reported on Wednesday.
The fund is also supported by Innovation Network Corporation of Japan (INCJ), a ¥300bn public-private partnership backed by Japan’s government and 26 domestic companies, and financial services firm Sumitomo Mitsui.
The corporates will provide a total of $13.3m while INCJ supplied the rest. Omron and Ricoh hope to attract additional capital from three to…
