Kyoto University Innovation Capital Corporation (Head Office: Sakyo-ku, Kyoto; Representative Director: Kimi Kusumi; hereinafter referred to as "Kyoto iCAP") today announced the establishment of "Innovation Kyoto 2021 Investment Limited Partnership (KYOTO-iCAP No. 2 Fund)" with the Company as the general partner.

Outline of KYOTO-iCAP No.2 Fund
The amount raised by the KYOTO-iCAP No. 2 Fund is 18.14 billion yen. The fund will mainly invest in venture companies that utilize Kyoto University's research results and support their growth, but a portion of the fund will also be used to support ventures originating from national universities other than Kyoto University.

The maturity of the KYOTO-iCAP2 Fund is 12 years and can be extended for another 5 years with the consent of the investors. The longer maturity than usual for a venture investment fund allows us to invest in seed/early stage ventures that have just been established, as well as ventures in the deep-tech area such as materials and machinery that require time before exiting (listing on the stock exchange or M&A).

In January 2016, we began managing the "Innovation Kyoto 2016 Investment Limited Partnership" (KYOTOiCAP No. 1 Fund), and over the past five years we have invested in 42 companies, mainly venture companies originating from Kyoto University. With the establishment of the KYOTO-iCAP No. 2 Fund, we will expand our support to realize the return to society of the excellent research results of national universities and to strengthen Japan's industrial competitiveness.

 

name	Innovation Kyoto 2021 Investment Limited Partnership
basic law	Law Concerning Industrial Competitiveness Enhancement and Limited Partnership Agreements for Investment
unlimited partners	Kyoto University Innovation Capital Co., Ltd.
limited partner	Kyoto University Sumitomo Mitsui Banking Corporation Mitsubishi UFJ Financial Group, Inc. Astellas Pharma Inc. The Bank of Kyoto, Ltd.
Amount of investment commitment	JPY 18,140 million
duration	12 years (5-year extension possible)