Japanese deep science fund UTEC partners with Blume Ventures to take Indian tech startups global
5 March 2019 8:53 PM GMT
As Blume Venture?s largest LP from Japan in Blume-III, UTEC has collaborated with the early-stage investor to set up BUDHA, which will invest in Indian startups working in the sectors of deep science and technology.
- The University of Tokyo Edge Capital (UTEC), which invests in deep science and deep tech startups, and has seen several of its portfolio companies go public, is now actively investing in India.
- The two funds are going to set up Blume UTEC Deep-tecH Accelerator (BUDHA), an initiative to invest in and mentor Indian startups working in the sectors of deep science and technology.
- He is also the god of intelligence, communication, fine arts, humour, and wit, all of which fit in with their objective, and how UTEC and Blume are working together.“Through our partnership with Blume and the BUDHA initiative, UTEC wants to complement Indian deep tech startups with Japanese industrial and scientific collaborations to create success cases on a global scale,” say Noriaki Sakamoto (Partner) and Kiran Mysore (Venture Partner) at UTEC Japan.
- The initiative aims to pioneer the deep-tech innovation ecosystem in India by helping seed-stage startups to scale their impact through funding, hands-on advice from curated mentors, research, and co-creation with universities, and collaboration with large corporations in India and Japan.
- The initiative aims to provide:* Access to the Japanese market through UTEC’s corporate relationships, the Indian market through Blume, and other global markets (Silicon Valley, Southeast Asia) through joint efforts between UTEC and Blume Ventures.
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