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.
