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Univ. of Tokyo startups are targets of new $220m tech fund

Venture capital firm eyes AI, health care companies with global aspirations

A new fund will target startups that tap research and technologies developed at the University of Tokyo.

TOKYO -- A venture capital firm affiliated with the University of Tokyo has established a fund that ranks among Japan's biggest in targeting startups with roots in higher education, eyeing ambitious candidates offering cutting-edge technologies developed at the school.

University of Tokyo Edge Capital plans to assemble about 25 billion yen ($226 million) for the fund by April. It has received 15.6 billion yen from domestic financial institutions and will seek contributions from foreign sources as well.

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