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Kyoto University venture fund and Chinese peer to grow startups

Institution-backed companies target China as a base for clinical trials of drugs

Chinese venture capital eyes startups from Kyoto University, which is well-known for its research findings. (Photo by Kento Awashima)

KYOTO -- Kyoto University is combining venture capital with that from a peer in the Chinese city of Guangzhou to help startups from the university do business in China and other Asian markets.

This marks the first time that venture capital from a Japanese national university using public money is partnering with overseas capital. The venture between the wholly owned Kyoto University Innovation Capital, or Kyoto iCAP, and Infinite Capital Holding is expected to reach an agreement as early as Friday.

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