University of Tokyo Venture Capital Firm To Launch New Fund

A University of Tokyo-affiliated venture capital company will set up an investment fund targeting start-ups looking to cash in on the research achievements of the university and other institutions, according to Nikkei. The fund, to be established with about $35 million in capital from banks, life insurers and other investors, will be the second from University of Tokyo Edge Capital Co., which began in 2004. The first fund has invested in companies such as Tella Inc., a bio-venture company which is developing cancer treatments and went public last year.