The Okinawa Institute of Science and Technology Graduate University (“OIST”) and Beyond Next Ventures (“BNV”) announced on May 25 a new partnership to invest in deep-tech startups and develop the innovation ecosystem in Okinawa.
“Today is a happy day for OIST and me personally as we can announce that BNV, a venture capital firm whose core values are well aligned with ours, will invest in deep tech startups from OIST and enable entrepreneurs from anywhere in the world to come to OIST to launch their companies,” said.
(“OBI-Hub”), a platform for eligible startups to gain access to financial investment and tailored business services to bring their innovations to market. Deep-tech startups from anywhere in the world can apply to the OBI-Hub to join the emerging and buoyant entrepreneurial community growing around OIST.
BNV brings to the partnership their financial resources and expertise in launching deep-tech startups, and OIST provides access to its network of technical and industrial experts, access to incubation facilities on the OIST campus in Okinawa, and a “soft landing” in Japan for global startups. OIST and BNV aim to deploy about ¥500M ($5M) to invest in startups through the OBI-Hub over the next 2 years.
Founded back in 2016, BNV is a Tokyo-based VC firm focused on startups on life sciences and technology seeds. The firm runs the BRAVE acceleration program as well as the Beyond BioLAB in TOKYO shared lab in Nihonbashi, Tokyo. OIST operates an on-campus accelerator and incubator called iSquare, also collaborating with the Okinawa Startup Program, a startup support program run by local enterprises in Okinawa. BNV joined the seed round of an OIST startup EF polymer last month.
About The Organizations
The Okinawa Institute of Science and Technology Graduate University (OIST) is an international graduate university which conducts outstanding education and research in science and technology, with global recognition. A truly interdisciplinary research environment with world-class facilities available for all, there are no barriers between scientific fields and scientists are encouraged to cross over and collaborate in new branches of knowledge.
The Technology Development and Innovation Centre at OIST utilizes and leverages the unique resources of the university to promote innovation, entrepreneurship, and the development of science into practical and commercial applications that have social and economic benefits locally and across the globe.
Beyond Next Ventures, established in 2014, is engaged in various activities to discover outstanding research and bring that technology to practical use around the world.
As a venture capital firm, BNV currently has ~USD $220 million in total under management and has invested in more than 50 startups, mainly in Japan and India. It is a certified venture capital firm for Japanese national grant programs such as NEDO (New Energy and Industrial Technology Development Organization) and START (Program for Start-ups from Advanced Research & Technology).
To accelerate its portfolio companies’ growth and create new companies while developing the startup ecosystem in Japan, BNV operates the nation’s largest seed acceleration program “BRAVE” as well as the “Innovation Leaders Program,” which enables members of large companies opportunities to work for startups as their second job. So far, it has a talent pool of more than 2,000 people specializing in technology startups.
BNV also launched a wet laboratory in Tokyo Nihonbashi in 2019 to support early stage startup companies and advance their success.
Through these activities, BNV is boldly taking on new challenges to create a world in which everyone can forge bravely beyond the traditional paradigm.