Japanese mobile giant NTT Docomo plans to launch a JPY10bn ($125m) venture fund and separate business incubator programme.
The company said some of the investment targets for the ten-year Docomo Innovation Fund would come from its Innovation Village incubator slated to begin in March next year.
Docomo said the Innovation Fund would mainly target promising Japanese startups and venture companies with innovative business models, advanced services or technologies related to mobility, which could be developed as all-new or upgraded offerings from Docomo.
The firm said it hoped to accelerate development in eight strategic areas including media and content, finance and medical.
Docomo will continue to co-ordinate similar investments in North America through its US-based Docomo Innovations and Docomo Capital subsidiaries.
Earlier this year NTT Docomo led a $20m financing round for Eye-Fi, the maker of the world’s first wireless memory card.
Copyright © 2012 AltAssets