NTT DoCoMo, Inc., announced today that it will establish a wholly owned U.S. subsidiary, named DoCoMo Capital, Inc., to invest in venture companies that develop advanced mobile communication technologies. The subsidiary will take stakes in venture companies, mainly in the United States, to support their development of innovative technologies. Based in San Jose, California, the subsidiary is scheduled to begin operating on 1 July 2005.
Through these investments, DoCoMo say they intend to shorten development time, lower research and development costs and expand opportunities for developing mobile services and technologies. Press Release Here.