TOP PAGE
ENGLISH
JAPANESE
|
CONNECT WITH US:
Home
About
Services
Contact
Log in
*
Home
Press release
Jul 22, 2015 16:30 JST
Source:
Toyota Motor Corporation
TMC, SMBC, and SPARX Group Co., Ltd. Agree to Work toward Establishing New Fund for Pioneering Technologies
TOKYO, Jul 22, 2015 - (ACN Newswire) - Toyota Motor Corporation (TMC), Sumitomo Mitsui Banking Corporation (SMBC), and SPARX Group Co., Ltd. (SPARX Group) have signed a memorandum of understanding to consider the establishment of a new investment fund aiming to encourage innovation and support the spread of advanced technologies for future generations.
The companies will work to outline specific details of the fund which, through flexible, well-timed investments, will focus on supporting pioneering projects. These projects will center upon the fields of intelligent technology, robotics, and hydrogen-related technologies.
By establishing this fund, TMC hopes to gain broad and timely access to valuable information about future technologies and market trends, which can then be incorporated into its business strategy. In addition, TMC intends to use the fund to facilitate the spread of new values in the marketplace by supporting the establishment and the growth of enterprises that possess innovative technology. SMBC hopes to play a leading role in facilitating economic growth through the establishment of a socially meaningful fund for developing next-generation technologies. The fund should also help to boost its efforts to uncover and nurture promising future enterprises. SPARX Group wants to further emphasize a long-term approach to investment in future growth, and hopes to open up new fields as an investment company to help build the society of the future.
All three companies will now consider the details of the fund, including the scale of capital investment, other potential investors, and investment targets. Their aim will be to formally establish the fund around the autumn of 2015.
Source: Toyota Motor Corporation
Sectors: Daily Finance, Automotive
Copyright ©2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
Related Press Release
Toyota Ramps Up Commitment to Electrification with U.S. BEV Production and Additional Battery Plant Investment
May 31 2023 23:36 JST
Eccentric Engine launches Virtual Retail Cloud at NADA 2023
January 26 2023 23:00 JST
Eco Expo Asia opens today
December 14 2022 19:00 JST
Startups rapidly emerging from Central Japan - local entrepreneurs explain why
December 05 2022 21:00 JST
Dakar 2022: A Showcase in the Desert
January 18 2022 15:15 JST
An industry at a crossroads - reimagining the automobile company
August 04 2021 10:25 JST
Class victory for Toyota Gazoo Racing Team Thailand at Nurburgring 24hrs, powered by Motul
June 10 2021 14:00 JST
Motul powers Asian team Toyota Gazoo Racing Team Thailand at 49th edition of the Nurburgring 24hrs
June 04 2021 11:00 JST
Using AI to predict new materials with desired properties
August 01 2020 03:00 JST
24th GAIKINDO Indonesia International AUTO SHOW (GIIAS) Opens Amid Renewed Optimism in Local Market
August 15 2016 17:00 JST
More Press release >>
Latest Press Release
DOCOMO and NTT Com Jointly Demonstrate Practicality of DOCOMO's New Multi-platform Cloud-rendering Technology
Jul 26, 2024 17:05 JST
TANAKA Precious Metals Provided Award Items and Ceremony Souvenirs for the International Friendly Matches of the Japan Men's National Blind Football Team at the "DAICEL Blind Football Japan Cup 2024 in Osaka" on July 7
Jul 26, 2024 03:00 JST
Eisai and EcoNaviSta Enter into Business Alliance Agreement Aimed at Building a Dementia Ecosystem and Commence Collaboration
Jul 25, 2024 10:30 JST
Hitachi Awarded Largest Contract in Singapore to Supply 450 Lifts at HDB Blocks
Jul 24, 2024 16:27 JST
Hitachi to Announce Capital Reorganization of Air Conditioning Joint Venture
Jul 24, 2024 15:02 JST
Eisai to Present Dual-Acting Lecanemab Three-Year Efficacy and Safety Data and Discuss Long-Term Outcomes of Continued Treatment at the Alzheimer's Association International Conference 2024
Jul 23, 2024 20:23 JST
Toyota Material Handling Japan and Fujitsu launch Japan's first service for evaluating forklift safety in the cloud using AI
Jul 23, 2024 11:26 JST
AEON and CJPT working to resolve logistics industry issues and achieve carbon neutrality at AEON Fukuoka XD
Jul 22, 2024 13:52 JST
Rovanpera and Ogier score another TOYOTA GAZOO Racing one-two
Jul 22, 2024 12:30 JST
Team HRC with Japan Post Wins 45th Suzuka 8 Hours Endurance Road Race
Jul 22, 2024 11:33 JST
Honda to Hold its Official e-Motorsports Event, "Honda Racing eMS 2024"
Jul 19, 2024 20:04 JST
MHI America Acquires Three Utility-Scale Solar Power Projects in Pennsylvania, Advancing the Company's Energy Transition Strategy
Jul 19, 2024 19:04 JST
JCB and Worldline unveil a new whitepaper offering European merchants invaluable insights into facilitating seamless payments for international consumers
Jul 19, 2024 12:00 JST
Fujitsu Chosen to Help Solving Social Issues Caused by Fake News
Jul 19, 2024 11:30 JST
Champion REIT holds first 'ESG Week'
Jul 18, 2024 20:14 JST
Lexus LBX Adds a New High Performance Variant, the LBX "MORIZO RR"
Jul 18, 2024 17:25 JST
VitalLife and Bumrungrad International Hospital in Thailand Launch NEC's FonesVisuas Test: First Major Deployment Outside Japan, Revolutionizing Disease Risk Prediction
Jul 18, 2024 15:34 JST
Fujitsu publishes CHRO Roundtable Report 2024, summarizing the challenges and implications of the implementation of data-driven human capital management
Jul 18, 2024 10:44 JST
Fujitsu-sponsored professional golfer Ayaka Furue victorious in the Amundi Evian Championship
Jul 16, 2024 23:26 JST
Neste and Mitsubishi Corporation agree on strategic partnership to develop supply chains for renewable chemicals and plastics
Jul 16, 2024 18:36 JST
More Latest Release >>