Daikin Industries has allocated $100m to a corporate venturing fund that will back startups internationally over a five-year period.
Japan-based air conditioning equipment manufacturer Daikin Industries on Friday revealed the creation of a $100m corporate venturing fund and accelerator called Technology and Innovation Center CVC Office.
The fund will invest over a period of five years, backing startups globally. The accelerator will meanwhile serve to collaborate both with external startups and drive internal innovation projects.
Daikin has also signed an industry-academia co-creation agreement with University of Tokyo to drive the formation of spinouts.
The Technology and Innovation Center CVC…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
