TOKYO -- The University of Tokyo will launch one of Japan's largest university-tied investment funds by the end of the year, pouring up to 16 billion yen ($157 million) into affiliated startups in pharmaceuticals, materials and other fields with long timelines that tend to deter private investors.
Pending approval from the education ministry, the university will put 23 billion yen into an investment fund launched by subsidiary UTokyo Innovation Platform. It will also seek investments into the fund by private-sector companies.
