KDDI Announces $50M Dev. Fund

Hot off the press wire: KDDI and Global Brain Corp. just announced a new $50M Open Innovation Fund: http://bit.ly/znwpGe

We attended the KDDI Labo event Jan. 30th - as the only non-Japanese in the house! - Great News here today, and look forward to see the other major telco players (hint-hint) step forward in a similar fashion [Eds]

Machine Translated

KDDI Corporation, the corporate venture fund “KDDI Open Innovation Fund” (¥ 50 billion operating plan, following the Fund) was established today, to provide support for promising venture companies. The Fund will be the first corporate venture fund established to KDDI.

KDDI, as well as to invest in promising ventures at home and abroad through this fund, cloud platform providers, such as support and service development through collaboration, cooperation by promotion, to promote the development of high quality applications and services, venture will continue to support the development.

In addition, to provide content through the service “au Smart Path” cloud type corresponding to the multi-device multi-OS, innovative applications and services were born from this fund, KDDI is a new experience and value strategies to achieve 3M We will deliver to our customers.

Management of the Fund, Inc. Global Brain proven as venture capital is done (Headquarters: Minato-ku, Tokyo, President and Representative Director Yasuhiko GB this lily, below), with assets and know-how and KDDI, GB By providing a combination of management functions and support functions and investment companies have, to accelerate the cooperation with promising venture companies. We will go to the continuous growth also to support Incubation Program “KDDI ∞ Labo” in the second stage current recruitment, the next venture.

overview of the fund

Name
KDDI Open Innovation Fund
The operational period 10-year plan until January 2022
Total operation 5 billion yen (to be)
Operator Global Brain, Inc.
Date of foundation January 14, 1998