Fujitsu targets 5 billion yen for new venture funding

Fujitsu has created a new corporate venture fund armed with 5 billion yen to invest in ICT technology development companies interested in collaboration. The fund will target promising companies active in ICT enterprise applications as well as new ICT use areas that Fujitsu considers "social innovation."

The company calls the two areas "the pillars of Fujitsu's growth strategy." Specifically, the fund will seek to boost promising companies working in four areas of business innovation (cloud, mobile, big data, and security) and seven areas of social innovation (transportation, healthcare, lifestyle industries, food and agriculture, energy, education, and the environment).

Fujitsu also said it will seek to accelerate the creation of new businesses based on the ideas and expertise of its employees through the new fund. The company has had an internal venture incubation program since 1994.

The company says it established its first corporate venture fund in 2006, which has led to collaboration with "dozens" of ventures in Japan and globally.

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