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  • First Plans for Specified Utilizing Research Result Support Program Approved to Allow National Universities to Establish Venture Capital Firms Under the Industrial Competitiveness Enhancement Act

Joint Press Release with MEXTFirst Plans for Specified Utilizing Research Result Support Program Approved to Allow National Universities to Establish Venture Capital Firms Under the Industrial Competitiveness Enhancement Act

The Ministry of Economy, Trade and Industry (METI) today authorized the plans for specified utilizing research result support program submitted by Osaka University and Kyoto University allowing them to establish venture capital firms. This marks the first time that METI has authorized national universities to establish venture capital firms under special provisions included in the Industrial Competitiveness Enhancement Act.

1.Background on Investment in Ventures By Educational Institutions Such as National Universities

  1. METI and Ministry of Education, Culture, Sports, Science and Technology (MEXT) have authorized the plans for specified utilizing research result support program submitted by Osaka University and Kyoto University to allow them to establish venture capital firms which offer advice to management and supply funds(specified utilizing research result support program) for business ventures created to leverage technology developed at their own research facilities.
  2. The authorized entities will be able to receive investment as well as technical expertise and advice from national universities. (※Please note: each investment requires authorization from MEXT.)

2.The Authorizations Granted Today

METI and MEXT reviewed and authorized the plans for specified utilizing research result support program submitted by the founders of venture capital firms which will be established by Osaka University and Kyoto University.

METI conducted a review of the plans for the structure of the boards of directors and levels of compensation of these venture capital firms based on consultation with outside experts.

Reference (Japanese version)

Release Date

September 1, 2014

Division in Charge

Industry-University Collaboration Office
Industrial Science and Technology Policy and Environment Bureau
TEL: +81-3-3501-0075

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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