JSR Establishes investment subsidiary to accelerate new business development
TOKYO –August 20, 2019 - JSR Corporation has announced that it will establish a wholly-owned subsidiary for investment (Limited Liability Company) to accelerate new business development around digital technologies. The subsidiary, JSR Active Innovation Fund, LLC, will launch on October 1, 2019, and will invest globally in start-up companies mainly focusing on digital technology.
“With the rapid growth of digitization and innovations generated from start-ups, the conventional market structure will change dramatically in the near future, and all companies will need to seek new business models that utilize digital technology,” said Eric Johnson, CEO of JSR Corporation.
JSR has been actively and globally investing in start-ups that have innovative technology or business models. For example, JSR recently invested in Carbon, a Silicon Valley based digital manufacturing company that invented a new process called Digital Light SynthesisTM enabling rapid production at scale.
Through further strategic investment via the new subsidiary, JSR will accelerate new business development and provide new value by combining JSR knowledge and experience with innovative technology and business models generated by starts-ups. .
Investment by JSR Active Innovation Fund LLC will begin with an initial round of 3 billion yen and is expected to grow up to 10 billion yen. Through this investment activity, JSR will collaborate with start-ups as strategic partners and support further expansion.