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Tokyo, July 8, 2020 – Japan Investment Corporation (“JIC”) has announced its decision to establish JIC Venture Growth Investments (“JIC VGI”), an authorized fund under JIC’s umbrella, and today has filed an application to register the company.

JIC aims to generate a virtuous cycle of risk capital to support next-generation industries inJapan. To achieve this vision, JIC promotes open innovation as a means of supportinggrowth and enhancing the international competitiveness of Japanese businesses. JIC approaches these challenges by stimulating private sector investments in open innovation together with JIC’s own investment while fostering investment professionals. JIC will establish funds under its umbrella and through investments in these funds, JIC intends to invest in strategic areas from the policy perspective. JIC VGI will be the first authorized fund under JIC’s new management, and it will promptly begin investment activities onceregistration is complete.

For more information Here.