Japanese research institution Kyoto University has picked a $60m target for its second venture fund targeting investments in Japanese and Asian startups.
Kyoto University Venture Fund will be managed by Miyako Capital according to TechAsia, which said it would support the development of ideas by faculty, students and alumni of the university.
Miyako partner Kenshin Fujiwara said, “startups don’t necessarily have to be in Kyoto (to receive investment), or even in Japan, but do require some level of relationship with Kyoto University.
“For example, appointing an alumni(sic) as a local director.”
Kyoto University launched its first fund in 2007 with $45m under management, and had a portfolio of 18 companies in August this year.
Those companies include Tokyo-based price comparison website Aucfan which held an IPO this year.
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