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INCJ invests in $1.7m in Japanese tech firm Exvision

  • Andrew Woodman
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The Innovation Network Corporation of Japan (INCJ) has invested JPY180 million ($1.7 million) in Exvision, a company which develops high-speed image processing technology.

Set up in 2009, Exvision's main focus is user gesture interface technology - used in smart TVs and other devices - developed with support from the Japan Science and Technology Agency at the University of Tokyo. The company also carries out research in the fields of robotics, biotechnology, digital media and factory automation.

According to a release, in addition to providing investment needed to aid further product development, INCJ will offer business development and management support.

INCJ is a public-private partnership launched in 2009 with the remit of promoting business innovation in the Japan. It has JPY2 trillion of capital under management. As well as making venture capital investments INCJ also operates in the buyout space - last December it controversially beat KKR to the punch whent it led a $1.8 billion acquisition of ailing Japanese chipmaker Renesas.

Last month INCJ announced it was in talks with domestic and foreign private equity firms over joint investment strategies.

 

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