Japan Bank for International Cooperation ( JBIC ) has agreed to participate in the Geodesic Alliance Fund, which will invest in early-stage start-ups in the deep tech sector, mainly in the United States.

The venture capital fund, domiciled in the British Cayman Islands, is structured and operated by Geodesic Investments. NEC Corporation and others will also participate in the fund at the first closing.
  

In the US, private sector innovation is progressing in deep tech fields such as space and robotics. Governmental agencies are actively investing in deep tech and public-private collaborations adopting consumer technologies in the field are deepening. As a result, the US now leads the world in deep tech-related investment, technology development, and commercialization.

JBIC says it is becoming increasingly important for Japanese companies with deep tech-related businesses to collaborate with venture capital firms and start-ups in the deep tech field, and seize business opportunities.

Since a venture capital fund that specializes in this field and provides strategic services to Japanese companies is rare, JBIC believes its equity investment in the Geodesic Alliance Fund will contribute to strengthening the international competitiveness of Japanese companies.