Home deals NTT DoCoMo Announces $109 Million Venture Fund

NTT DoCoMo Announces $109 Million Venture Fund

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NTT DoCoMo Inc., Japan’s leading mobile operator and provider of integrated services, announced today it will be launching a $109 million dollar (10-billion yen) venture fund in late February. The fund will be used to accelerate development of new smartphones and tablets. Also, DoCoMo will invest in 500 startups as part of this plan. The startup companies will be granted close to 2 million yen ($23,000), office space, and other resources to assist in business development. DoCoMo’s investment in the 500 startups will be carried out by DOCOMO Capital, Inc., a U.S.-based subsidiary.  Read more

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