Japan's INCJ backs Alps Electric
State-backed Innovation Network Corporation of Japan(INCJ) has decided to inject JPY3 billion ($3.2 million) into a new company spun off from Alps Electric Co, a Japanese electrical parts producer, in its first round of investment.
INCJ also plans to invest up to JPY10 billion ($10 million) depending on business development The investment will be the first deal for INCJ since the formation of its JPY90 billion ($965 million) fund...
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