$30 M fund and Japan hub in Fukuoka launched by Singapore’s Origgin Ventures
The $30 million Origgin Ventures Japan (Origgin Japan) venture co-creation firm from Singapore, Origgin Ventures, has officially opened its doors in Fukuoka.
Origgin said in a statement last Thursday that this strategic move represents a significant turning point in the company’s goal to speed up deep-tech commercialization and promote closer innovation and investment ties between Japan and Southeast Asia.
As part of its long-term plan, Origgin will work with Interuniversity Ventures as a co-general partner to establish a $30 million fund specifically for Japanese spin-offs, especially those that come from university research and development (R&D).
The launch represented the mutual dedication to addressing Japan’s deep-tech ventures’ early-stage funding and execution gap.
Origgin Japan will be a crucial platform for converting Japan’s top-notch research into internationally scalable projects, the statement claims.
Using Origgin’s well-established Venture Co-Creation (VCC) framework, the project will concentrate on finding high-potential corporate and university technologies, assembling specialized venture teams, and assisting in their expansion through practical business development and access to international markets.
In order to demonstrate this commitment, Origgin inked two Memorandums of Understanding (MOUs) with top Japanese partners to advance cooperative initiatives and fortify the ecosystem.
Through the integration of local research and corporate capabilities with Origgin’s commercialization expertise, these MOUs will expedite venture creation.
Simultaneously, Origgin is working with GxPartners, a platform based in Japan that closely collaborates with corporations to promote innovation.
Corporate venture co-creation, including proof-of-concept initiatives, pilot testing, and the commercialization of proprietary technologies, will be the main focus of this collaboration.
Origgin and GxPartners will support open innovation initiatives and new venture formation in line with strategic business needs by interacting with forward-thinking corporations in Japan.
“Fukuoka is rapidly emerging as Japan’s innovation gateway. By launching Origgin Japan here, we are building a bridge between Japan’s R&D strengths and the fast-growing Southeast Asian market,
“We’re excited to partner with researchers and corporates to create the next generation of deep-tech startups with global ambitions,” said Takuya Inoue, Chief Executive Officer of Origgin Japan.
Origgin Japan wants to play a significant role in converting research into practical applications, both domestically and internationally.
Fukuoka’s rise as a global center for startups and innovation has also been highlighted by Reiji Matsuura, Director of the Investment Promotion Department at the Fukuoka City Government. Matsuura has reaffirmed the city’s dedication to fostering international cooperation and connecting Japan’s top-notch research with opportunities around the world.
