Tokyo Stock Exchange, Inc. (TSE) has announced the additional partners for its TSE Asia Startup Hub, which was launched on March 25, with the aim of building an ecosystem that supports the growth of promising Asian startups.
TSE said in a statement on last Friday that that 21 venture capitals and one bank, which invest in unlisted Asian companies, have joined TSE Asia Startup Hub as the third batch of partners.
This brings its total number of 52 partners and four observers.
According to the statement the latest bank that joined TSE Asia Startup Hub is Korea Development Bank.
Meanwhile, the latest batch of venture capital firms that joined the hub is CAC CAPITAL Co., Ltd; CDIB Capital Group; Cool Japan Fund Inc; CyberAgent Capital, Inc; Daiwa Corporate Investment Co., Ltd; Genesia Ventures, Inc; Global Brain Corporation; Gobi Partners; IMM Investment Japan Corp; Incubate Fund KK; IndoGen Capital; IT-Farm Corporation; JAFCO Investment (Asia Pacific) Ltd; JIC Venture Growth Investments Co., Ltd; KK FUND (KK Investment Management Pte. Ltd.); Monk’s Hill Ventures Pte. Ltd; Rebright Partners Pte. Ltd; SBI Investment Co., Ltd; Spiral Ventures Pte. Ltd; The University of Tokyo Edge Capital Partners Co., Ltd; VentureTECH Sdn. Bhd.
TSE said it continues to develop the TSE Asia Startup Hub initiative by publicizing the companies to be supported and providing useful support measures along with the partners.
Earlier in July, TSE said that through TSE Asia Startup Hub, the exchange will collaborate with domestic and international partners to support leading Asian companies for business development and fundraising through initial public offerings (IPOs) and other means.
It noted that since the announcement of this initiative, many leading Asian companies and a wide range of domestic and international stakeholders have resonated with the value of this initiative and expressed strong interest in participating in it.
In July, 16 new organizations join TSE Asia Startup Hub as partners, and the Ministry of Economy, Trade and Industry, the Japan Business Federation (KEIDANREN), and the Kansai Economic Federation (Kankeiren) have also agreed to support the initiative as observers.
TSE Asia Startup Hub is an ecosystem to encourage promising Asian companies to choose TSE for their IPOs.
By enhancing collaboration among TSE and the partners, the TSE Asia Startup Hub aims to increase listings of promising Asian companies in the long run, by catering to the needs of each company and providing support for business development, fundraising, and IPO in Japan.
The TSE Asia Startup Hub will recruit Asian companies to support and plan to announce the companies in the third quarter of 2024.
Factors including valuation, intention for IPO, audit, connection with Japan, will be considered for eligibility.