#Japan #Tokyo #Zero Emissions #Tokyo Science University #GX Innovation Fund

Tokyo's GX Innovation Fund Overview

Amid the escalating climate crisis affecting urban residents' daily lives, the City of Tokyo is committed to accelerating overall green transformation (GX) in society. To foster innovative ideas and technologies that contribute to zero emissions, it is essential to support startups with a strong technological foundation. This drive aims to significantly bolster the development and implementation of new technologies.

To this end, Tokyo is working towards the establishment of the GX Innovation Support Fund, focusing on collaborations with private enterprises to create sustainable funding flows while contributing to the realization of sustainable society through support for startups.

Management Organization Announcement

The city has recently finalized the selection of the management organization for the fund, with the following details:

1. Overview of the Managing Organization

• - Company Name: Mirai Creation Investments, Inc.
• - Location: 3-3-6 Shiura, Minato City, Tokyo, INDEST 301, Campus Innovation Center, Tokyo Science University
• - Established: September 9, 2014
• - Representative: Yuki Okada

Characteristics of the Venture Capital

Mirai Creation Investments specializes in investing in seed and early-stage startups, particularly those sparked from academic institutions such as Tokyo Science University. The organization actively engages with technology from the R&D stage through to post-launch funding and hands-on support, striving to facilitate the social implementation of technologies and “create the future.” The establishment collaborates with the Zero Carbon Energy Research Institute at Tokyo Science University to nurture startups in the GX field and promote open innovation between industry and academia. Their initiatives are pivotal in forming a robust ecosystem in the carbon-neutral domain.

2. Selection Scheme

The process for selecting the managing organization began in May of this year, where candidate organizations underwent thorough due diligence by specialists. A committee composed of external experts was then convened for the final selection.

3. Future Plans

Following all necessary procedures to establish the fund, it is anticipated that within this fiscal year, the Tokyo Metropolitan Government will invest 3 billion yen into the fund.

4. Continuous Recruitment

To boost investments in a wider range of GX-related startups, the fund will continue to seek various managing organizations. Further details can be found on the official website: Tokyo Startup and Global Financial City

This initiative aligns with the “Tokyo Strategy 2050,” focusing on the following objectives:

• - Strategy 10: Cultivating globally active startups.
• - Strategy 20: Building a foundation to support zero emissions and realize GX.