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JCN Newswire

TANAKA Contributes to Venture Capital Fund “DMC No. 1 Investment Limited Partnership” Aiming to Establish a Medical Venture Ecosystem in Japan

December 20, 2022

TOKYO, Dec 20, 2022 - (JCN Newswire via SEAPRWire.com) - TANAKA Kikinzoku Kogyo K.K. (Head office: Chiyoda-ku, Tokyo; Representative Director & CEO: Koichiro Tanaka), which operates the TANAKA Precious Metals manufacturing business, announced today that it has made an equity contribution to the medical venture capital fund Diamond Medino Capital (DMC) No. 1 Investment Limited Partnership founded in Japan by Professor Terumitsu Hasebe (Professor, Faculty of Medicine, School of Medicine, Tokai University; Visiting Professor, Keio University School of Medicine; Visiting Professor, Massachusetts Institute of Technology/Harvard Medical School; medical doctor, PhD in Medicine, and PhD in Engineering). This is Japan's first medical venture capital fund established with an active medical professor serving as its representative. Through this equity contribution, TANAKA Kikinzoku Kogyo will contribute toward technological development in Japan's domestic medical and healthcare industry.Background and ObjectivesTANAKA Kikinzoku Kogyo decided to undertake this equity contribution as the company supports the fund's principle of establishing a medical venture ecosystem originating from Japan. TANAKA has previously worked with Professor Hasebe on national projects (under the Japan Agency for Medical Research and Development) for the joint development of advanced medical technologies, such as metal coils for embolization and long patency stent systems. The company is participating in this fund as the anchor limited partner to pursue the potential of precious metals - from a comprehensive perspective for the future of medicine and not just in terms of products and projects - and contribute to Japanese society.Currently in Japan, companies continue to face difficulties with rapid and sophisticated research and development due to issues such as fund procurement, a sense of urgency, and a shortage of human resources. In addition, there are cases where academic research groups with excellent technologies do not reach commercialization. Regarding these issues, this fund will support Japan's new and current medical ventures by closely assisting them in terms of human resources, capital, management, pharmaceutical, patent, exit, and other strategies. In this way, the fund will contribute to the well-being of patients by giving birth to venture companies with excellent academic technologies in the medical field, achieving early practical application of those technologies, and providing new medical equipment, pharmaceuticals, and medical-related services to medical frontlines. Furthermore, the fund seeks to realize a true ecosystem that uses the knowledge gained and human resources developed to take on challenges in new projects and research themes, as well as support future entrepreneurs.Additionally, the fund has the strength of being deeply involved in support of its investments from its unique position not found in other Japanese medical funds so far, such as its understanding of needs at the frontlines of medicine, knowledge regarding the latest technological trends, and the responses of Japan's and the United States' governments toward practical application.Through equity contribution to this fund, TANAKA Kikinzoku Kogyo also expects to strengthen relationships with Japan's medical ventures and expand future medical business, such as the development of new products and technologies, in the healthcare industry. The company will contribute to society by working on the social issue of establishing a medical venture ecosystem in Japan through this equity contribution.Professor Hasebe, the representative of Diamond Medino Capital Co., Ltd., which manages this fund, made the following comment regarding TANAKA Kikinzoku Kogyo's participation in the fund, "TANAKA Precious Metals is always seeking to contribute to the creation of a prosperous society as well as to the future of the planet through sustainable use of precious metals as a leading company in the field of precious metals. TANAKA deeply empathizes with our fund's principle of establishing a true ecosystem that helps achieve the early practical application of Japan's excellent core medical-related technologies and conveys them to the world, and I am very happy to be able to journey into the future together. In the past, I have built a profound relationship of cooperation with TANAKA in the application of high-value-added precious metals in medical devices, and I hope to demonstrate significant synergy through new challenges."About the Medical Venture EcosystemTraditionally, an ecosystem refers to a state in which living things survive through a cycle of interdependence. Modeled after such a system, in a medical venture ecosystem, companies and funds come together to support medical ventures with technological capabilities and future potential to build a sustainable cycle of new technology and product development in Japan while inheriting expertise gained through the development of new technologies. This fund is the first in Japan to be led by active parties in the field of medicine and aims to establish a medical venture ecosystem originating from Japan by supporting medical ventures.Profile of Professor Terumitsu HasebeTerumitsu Hasebe, medical doctor, PhD in Medicine (Keio University), and PhD in Engineering (Keio University)- Professor, Faculty of Medicine, School of Medicine, Tokai University; Visiting Professor, Keio University School of Medicine- Visiting Professor, Massachusetts Institute of Technology (MIT)/Harvard Medical School- AMED BRIDGE Project Leader (Seeds F)Professor Hasebe established the Hasebe Research Group, which combines medical science and engineering within Keio University's Faculty of Science and Technology. After obtaining his PhD in Engineering, while as a medical doctor, he undertook the development of medical devices with various global manufacturers. An example of one of his developments is the launch of the cerebral thrombosis stent retriever of Biomedical Solutions Inc. - Professor Hasebe was in charge of the entire preclinical study for the patent application in 2019 - that has become a premier device and continues to save many patients today. During the COVID-19 pandemic, to search for a new way to bring excellent academic technologies in Japan to the world, he launched this venture capital fund. He is an active medical doctor who has received more than 30 academic awards in Japan and overseas and is also a researcher and venture capitalist.Overview of DMC No. 1 Investment Limited Partnership- Fund name: DMC No. 1 Investment Limited Partnership- Established: November 2022This is a medical venture capital fund originating from Japan, with Professor Terumitsu Hasebe - an active medical professor with a PhD in Medicine as well as a PhD in Engineering - serving as its representative. The fund specializes in medical device and pharmaceutical development businesses, carrying out hands-on investments in venture companies from the seeding phase of research and development to the patent approval phase. It was launched to establish a medical venture ecosystem in Japan by providing research and development environments on par with those overseas and supporting Japan's medical ventures.About TANAKA Precious MetalsSince its foundation in 1885, TANAKA Precious Metals has built a portfolio of products to support a diversified range of business uses focused on precious metals. TANAKA is a leader in Japan regarding the volumes of precious metals handled. Over the course of many years, TANAKA has not only manufactured and sold precious metal products for industry but also provided precious metals in such forms as jewelry and assets. As precious metals specialists, all Group companies in Japan and around the world collaborate and cooperate on manufacturing, sales, and technology development to offer a full range of products and services. With 5,225 employees, the Group's consolidated net sales for the fiscal year ending March 31, 2022, were 787.7 billion yen.**From the current consolidated fiscal year, the amounts of sales for some transactions are indicated as net values due to the application of the Accounting Standard for Revenue Recognition.Global industrial business websitehttps://tanaka-preciousmetals.com/en/Product inquiriesTANAKA Kikinzoku Kogyo K.K.https://tanaka-preciousmetals.com/en/inquiries-on-industrial-products/Press inquiriesTANAKA Holdings Co., Ltd.https://tanaka-preciousmetals.com/en/inquiries-for-media/This press release in PDF: https://www.acnnewswire.com/docs/files/20221220_EN.pdf Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

Sportsman Shikhar Dhawan launches $75M Global SportsTech Venture Fund

December 17, 2022

ABU DHABI, UAE, Dec 17, 2022 - (ACN Newswire via SEAPRWire.com) - International cricketer and entrepreneur Shikhar Dhawan has launched Da One Global Ventures (DOGV), a $75 million Global SportsTech Venture Fund focusing on innovation across the Sports spectrum. The multi-stage fund, with a greenshoe option of $25 million, is to incorporate in the Abu Dhabi Global Market (ADGM), with its vibrant business ecosystem and robust regulatory framework, and include a SportsTech Accelerator and eSports Venture Studio as distinguishing verticals within its platform.International Cricketer Shikhar Dhawan announcing $75M Global SportsTech Venture Fund, Nov 14, 2022 [Da One Global Ventures]This is the first VC fund organized by an Asian sportsperson and Indian celebrity. Mr Dhawan introduced his partners and the team at Da One Global Ventures during his keynote at the LP-GP Summit, part of Abu Dhabi Finance Week (ADFW), the prestigious economic forum for world leaders to gather and address strategic macroeconomic and financial topics which will shape regional and global perspectives for the years to come.Shikhar Dhawan, a highly reputed name in the cricket world today, established a seasoned team as the fund's General Partner (GP) leading the investment thesis across the Sports spectrum - from SportsTech to eSports, and Gaming to Web3. The fund will be global in nature, as will its sports personalities, representing multiple sports as Limited Partner (LP) Ambassadors. This unique network will allow unprecedented access to sports ecosystems of the world, mobilizing investment and accelerating growth.Shikhar Dhawan comments: "I am elated to start new innings and embark on this journey through the world of venture capital. All of this is only possible with the support of my commercial partners, and the commitment of Da One Global Ventures to the fund, readying for this week's announcement and targeted deployment in Q1 2023-24.DOGV will go beyond traditional investing models, providing domain knowledge and accessing the global sporting ecosystem. We aim to scale greater heights and set new benchmarks for Sports Technology Venture Capital. I have much gratitude toward sports and look forward to the contributions of this fund to the economic strength, and the growth of Sports.This year has been spectacular for SportsTech, with investments to the tune of $12 billion already, more than the preceding three years combined, covering multiple segments, and illustrating the rapid growth in this dynamic industry. We are in active discussion with various stakeholders across the ecosystem, and developments will be announced in due course."Shikhar Dhawan is a leading Indian cricketer. A left-handed opening batsman and occasional captain of the India national team, he captains Punjab Kings in the Indian Premier League and plays for Delhi in first-class cricket. For his notable contributions to the Indian Men's National Cricket Team, Shikhar Dhawan was awarded the prestigious Arjuna Award by the President of India in 2021.For further details - Mr Amitesh Shah,Da One Global Ventures E: ceo@daonegroup.org Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

JCN Newswire

Mitsubishi Corporation and FEV Consulting Establish New Joint Venture for Materials Industry

October 27, 2022

TOKYO, Oct 27, 2022 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Corporation (MC) is pleased to announce its establishment on October 27, 2022 of a new joint venture company, Beyond Materials Corporation (Beyond Materials), a specialized strategy and engineering service provider that will support materials suppliers on their path to global and sustainable growth. Our partner on this joint venture is FEV Consulting GmbH (FEV). The requirements on future product designs are becoming more sophisticated and diverse due to decarbonization and other societal demands. This has heightened interest in the functions and solutions that materials can provide, and necessitated even stronger relationships between suppliers and users of those materials, the automotive sector being a case in point. For over three years, MC and FEV have been conducting joint preliminary work to develop services targeting these industries, and our collaboration has confirmed that we share a similar dedication to addressing challenges faced by modern societies and helping them to be more sustainable.FEV is the consulting arm of FEV Group, a German engineering services provider with a global workforce of more than 7,000 employees. FEV provides unique advice to its customers by combining long experience in top management consulting with end-to-end technical expertise, including battery systems, car bodies and more, of the FEV Group GmbH. Beyond Materials will provide the materials industries with tailor-made solutions. Its services will extend from market research, strategy development and implementation support, to product development and demonstrations. This will be achieved by combining MC's global network and broad experience in the materials industries with FEV's intelligence on broad applications and customer requirements, engineering and product know-how, and also taking advantage of digital technologies. MC expects this new joint venture to build a bridge between those who use functional materials and those who make them, whether that be in chemicals, metals, or ceramics and other composites. We look forward to Beyond Materials contributing to sustainable growth in global materials markets and helping us to achieve our mission to build net-zero, circular economies. For more information, visit www.mitsubishicorp.com/jp/en/pr/archive/2022/html/0000050161.html. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

SeaPRwire

Sugarverse Enters a Joint Venture with a Big Game Studio to Disrupt the P2E Economy

August 26, 2022

London, UK, August 26, 2022 – (SEAPRWire) – The candy-themed Play-to-Earn gaming metaverse and blockchain startup Sugarverse (token: $CNDY) has entered into a joint venture with XS Software, an established European cross-platform and mobile game developer who launched its first browser-based game as early as in 2005, to dominate Play-to-Earn and solve the industry sustainability challenges. The management team of Sugarverse, who have been serial investors in the blockchain sphere, have spotted a flaw in all major Play-to-Earn projects in the market. Generally, during their life cycle, all projects come through the stages of attracting a lot of new players at launch when they are trending, accumulation of a significant chunk of in-game rewards by these players as they gradually become old players, slowing down of the new-player inflow, and finally a crash when the old players decide to cash out and the new players cannot sustain this outflow. This happens because the game mechanics is incomplete, the games are not sticky enough and lack high-quality experienced developers. To solve the first issue, Sugarverse has developed a circular economy with the cryptocurrency token CNDY and the in-game point gCNDY, Spin to Win reward multiplication, and a system where not everybody is a winner. Thanks to these, Sugarverse offers players a stable and predictable return and is able to top up the community treasury. To address the latter two issues, Sugarverse has joined hands with the reputable game developer XS Software. Top managers of both companies have managed sticky products with hundreds of thousands of users. On top of that, XS Software is known for development of hit games with millions of users. Their vast game development experience and technical resources will be harnessed to develop the candy universe of 7 worlds and 7 mobile games. The Sugarverse CEO Nikolay Mitev stated: “We at Sugarverse are extremely proud to have the cross-platform and mobile gaming masters XS Software in a joint venture with us to work towards a high-quality sweet metaverse world for our players.” The XS Software Founder Hristo Tenchev expressed: “During our 17 years in the gaming market, XS Software has tasted all gaming had to offer, including 3D, VR, and even blockchain. We are now putting all of this experience into Sugarverse to bring you the best and sweetest Play-to-Earn titles. We are planning to launch the alpha version of the first Sugarverse game by the end of 2022.” About Sugarverse Sugarverse is a European blockchain gaming startup established in early 2022. It builds unique thematic worlds with monetizable integrated experience and fixes the broken Play-to-Earn model that relies on a constant inflow of new players with a thought-through sustainable approach. It aims to partner with real-world companies in the confectionary and FMCG industries to open the web3 possibilities to them. About XS Software XS Software is one of the first developers of browser games, a cross-platform and mobile game developer and publisher. After their browser games succeeded, they were ported to other platforms. By 2021, its two most popular games, KhanWars and Lady Popular, reached a scale of 60+ million players and are available on almost any device in more than a dozen of languages. For PR inquiry, please contact info@finpr.agency, https://finpr.agency Media Contacts: Company: Sugarverse Contact: Marketing Team E-mail: hello@sugarverse.io Website: https://www.sugarverse.io/ SOURCE: Sugarverse The article is provided by a third-party content provider. SEAPRWire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith. Any questions, please contact cs/at/SEAPRWire.com Sectors: Top Story, Daily News SEA PRWire: PR distribution in Southeast Asia (Hong Kong: AsiaExcite, EastMud; AsiaEase; Singapore: SEAChronicle, VOASG; NetDace; Thailand: SEAsiabiz, AccessTH; Indonesia: SEATribune, DailyBerita; Philippines: SEATickers, PHNotes; Malaysia: SEANewswire, KULPR; Vietnam: SEANewsDesk, PostVN)

ACN Newswire

Habitat for Humanity invests in Cambodian water-access startup TapEffect

August 11, 2022

Phnom Penh, Cambodia, Aug 11, 2022 - (ACN Newswire via SEAPRWire.com) - Habitat for Humanity's Terwilliger Center for Innovation in Shelter announced today a US$300,000 equity investment in TapEffect, a Cambodia-based startup which provides clean and affordable tap water to underserved rural and semi-rural communities. The investment also marks the fifth anniversary of Habitat's Shelter Venture Fund, launched in 2017 to accelerate innovative startups tackling affordable housing challenges worldwide.It is estimated that 110 million people in Southeast Asia lack access to safe drinking water. In Cambodia, one third of the population rely on water from impure sources. TapEffect, founded in 2018, started from the desire to bring safe water to rural communities in Cambodia, while addressing the systemic barriers often faced by local providers, such as set-up costs and ongoing maintenance. The company designs, builds and operates self-sustaining piped water systems that can each support more than 10,000 people, and uses Internet of Things technology for remote monitoring and payment management, which reduces cost and increases operational efficiencies. TapEffect offers a market-based solution where families pay a fraction of the cost for water compared to bottled or truck-in water options. Their initial demonstration system, built in 2020, serves over 14,000 people in 19 villages, and connects 12 schools and two healthcare facilities to clean and safe water."TapEffect's model combines technology, engineering and blended finance to create a holistic approach that can be easily replicated. By employing local contractors and construction teams, we also build capacity within local communities," said Hourt Vuthy, general manager at TapEffect. "We have been partnering with Habitat for Humanity since joining the ShelterTech Southeast Asia accelerator in 2020. The investment will help to bring the solution to more families across the region who still lack access to clean water and sanitation." TapEffect is also an investee of World Hope Social Ventures, which supports market-based, community-driven enterprise solutions.Habitat's Shelter Venture Fund aims to nurture businesses with solutions that can improve housing conditions for low-income families. "We realized that high-potential enterprises often face a pioneer gap in their early stages of growth, when they are considered too risky by impact investors," said Luis Noda, Habitat for Humanity's Asia-Pacific vice president. "Through the Fund, we also send a message to the market that profitable opportunities exist in supporting entrepreneurs that are driving social change through innovation."Twelve startups have received investments from the Shelter Venture Fund to date globally, supporting over 5 million people in accessing improved housing-related products and services. The portfolio includes Tvasta - builder of India's first 3D-printed house; Meridia - which uses mobile-based technology to improve land documentation and tenure security in Africa and Asia; and BURN - which impacts lives and the environment through the design, manufacturing and distribution of clean-burning cook stoves.Since its launch, Shelter Venture Fund investees have catalyzed over US$34 million in further investments. At present, 40% of the portfolio focuses on solutions that are less damaging to the environment than market alternatives, such as water saving and reduced carbon emission technologies. The 12 ventures are also responsible for the creation of over 600 jobs in the locations where they operate. About Habitat's Terwilliger Center for Innovation in ShelterThe Terwilliger Center for Innovation in Shelter, a unit of Habitat for Humanity International, works with housing market systems by supporting local firms and expanding innovative and client-responsive services, products and financing so that households can improve their shelter more effectively and efficiently. The ultimate goal of the Terwilliger Center's market systems program is to make housing markets work more effectively for people in need of decent, affordable shelter, thereby improving the quality of life for low-income households. To learn more, visit habitat.org/tcis. About Habitat for HumanityDriven by the vision that everyone needs a decent place to live, Habitat for Humanity found its earliest inspirations as a grassroots movement on an interracial community farm in South Georgia, U.S.A. Since its founding in 1976, the housing organization has since grown to become a leading global nonprofit working in more than 70 countries. In the Asia-Pacific region since 1983, Habitat for Humanity has supported millions of people to build or improve a place they can call home. Through financial support, volunteering or adding a voice to support affordable housing, everyone can help families achieve the strength, stability and self-reliance they need to build better lives for themselves. Through shelter, we empower. To learn more, donate or volunteer, visit habitat.org/asiapacific.To set up interviews, receive photos or further information, please contact:Julia Ferrazjferraz@habitat.org+852 61001806 Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)