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  • Plans by Tohoku University Venture Partners Co., Ltd. Were Approved as Plans for a Support Program for Utilizing Specified Research Results pursuant to the Industrial Competitiveness Enhancement Act

Joint Press Release with MEXTPlans by Tohoku University Venture Partners Co., Ltd. Were Approved as Plans for a Support Program for Utilizing Specified Research Results pursuant to the Industrial Competitiveness Enhancement Act

The Ministry of Economy, Trade and Industry (METI) authorized plans for a support program for utilizing specified research results pursuant to the Industrial Competitiveness Enhancement Act, which were submitted by THVP First Investment Limited Partnership assigning Tohoku University Venture Partners Co., Ltd. as an unlimited liability partner, on June 26, 2015.

1. Background on financing for investment limited partnerships by educational institutions such as national universities.

  1. When an investment limited partnership intends to operate a business offering advice to management and supplying funds (support program for utilizing specified research results) for venture capital firms established by universities which apply technological research results obtained from institutions such as national university corporations in their businesses, the investment limited partnership can submit a plan for such business to the Education, Culture, Sports, Science and Technology (MEXT) Minister and the METI Minister, and then may receive certification that recognizes that the said plan is appropriate.
  2. Authorized support entities for utilizing specified research results will be eligible to receive investment as well as support in terms of human resources and technical expertise from national universities. (*Note: Each investment from institutions such as national university corporations requires authorization by the MEXT Minister.)

2. This authorization

METI and MEXT reviewed and authorized the plans for the support program for utilizing specified research results submitted by THVP First Investment Limited Partnership assigning Tohoku University Venture Partners Co., Ltd. as an unlimited liability partner.

METI conducted a review of the plans for the structure of the board of directors and levels of compensation for this venture capital firm based on consultation with outside experts.

This authorization allows THVP First Investment Limited Partnership to be an authorized support entity for utilizing specified research results, and the partnership will advance various efforts for the practical development of outcomes of research from Tohoku University.

For further details, see the Japanese language press release.

Release date

June 26, 2015

Division in Charge

Industry-University Collaboration Office, Industrial Science and Technology Policy and Environment Bureau

Ministry of Economy, Trade and Industry
1-3-1 Kasumigaseki, Chiyoda-ku, Tokyo 100-8901, Japan Tel: +81-(0)3-3501-1511
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