Japan robot suit company leading new startup fund for healthcare and AI
Cyberdyne, the developer of robot suit Hal, announced on Thursday that it has set up a fund to support tech-specialist startups.
The fund was started with five partners: Daiwa House Industry,Sompo Japan Nipponkoa, Daido Life Insurance, Mizuho Bank and its venture capital unit Mizuho Capital.
The fund has initially raised 9.2 billion yen ($81.9 million), and plans to invest in areas such as medical and healthcare, robotics, and artificial intelligence over the 10-year investment period.
The fund aims to eventually raise 20-30 billion yen in total, through CEJ Capital, an investment vehicle set up by Cyberdyne, Mizuho Capital and venture capitalist Global Brain in December. It will spend 30 million yen to 2 billion yen on each startup.
Led by Yoshiyuki Sankai, Cyberdyne president and University of Tsukuba professor, the fund’s mission is to discover high-potential businesses specializing in advanced technology in areas such as medicine and healthcare, and support them from the research phase to commercialization.
Potential investees will be able to bring synergies with Cyberdyne’s robot suits designed to provide walking assistance to patients, or create new, related markets.
Enjoy our free content ? Try our Legend services.
- Star Level
- Access to Grendz and the right to READ and SHARE our science techie green pins
- The right to WRITE and SHARE your OWN science techie green pins
- WEEKLY mind-blowing e-report with trends and news, never miss what is grendzing.
- Customization Capability on which trends categories you want us to follow closer.
- P2P Advice From our team and members
- Our iOS or Android app for free
- First to know about new trends and news
- Weekly social media promotions (through Grendz social media presence) of your own pins (tech, science, green related) that may include: Your own service, products, PR or/and business related
- No ads and no sales pitch
- 24h Support (via e-mail)
- Cancel anytime your renewal