The Hokuriku Bank, Ltd.
Establishment of “Hokuhoku Innovation Co-Creation Fund No. 1”
The Hokuriku Bank (President: Hiroshi Nakazawa) and Hokuhoku Capital Co., Ltd. (President: Satoshi Moro) announced on October 3, 2022, the “Hokuhoku Innovation Co-Creation No. 1 Fund” to support start-up companies with cutting-edge technologies and services. ” was established.
In addition to discovering and cultivating entrepreneurs who will lead the future of the region, this fund will invest in companies in a wide range of stages, targeting companies that are expected to grow through innovative businesses and aim to go public.
Through this fund, the Bank and Hokuhoku Capital will contribute to the growth of local companies, pursue new businesses and innovations in existing businesses, and actively work toward regional development. 1. Outline of “Hokuhoku Innovation Co-Creation No. 1 Fund”
■ Name
Hokuhoku Innovation Co-Creation No. 1 Investment Business Limited Liability Partnership
(Abbreviation: Hokuhoku Innovation Co-Creation No. 1 Fund)
■Fund amount
1 billion yen
■Limited Liability Partner
The Hokuriku Bank, Ltd.
■ Unlimited Liability Partner
Hokuhoku Capital Co., Ltd.
■ Investment target
Companies that are expected to grow in the future, satisfy any of 1 to 3, and aim to go public
1. Companies that can expect synergy with the business of Hokuriku Bank or Hokuhoku Financial Group
2. Companies that are expected to contribute to the business growth of Hokuriku Bank or Hokuhoku Financial Group’s business partners 3. A company that can be expected to become a core presence in the next-generation regional economy in the three prefectures of Hokuriku and Hokkaido
■Purpose
Collaborate with startups that have leading-edge markets/businesses, products/technologies/services across the country to innovate the local economy and promote DX of own bank management.
■ Date of establishment
October 3, 2022
■ Duration
10 years (can be extended up to 2 years)
2. scheme diagram
[Image 1
3. Applicable SDGs goals
[Image 2
8. Decent work and economic growth
[Image 3
9. Build a foundation for industry and innovation
Details about this release:
https://prtimes.jp/main/html/rd/p/000000336.000027374.html
