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B Dash Ventures: GREE, NTT, Others Set Up Startup Fund [Social Games]


Yesterday, TechCrunch Japan reported about a very interesting tie-up in Japan’s Internet and mobile world: GREE is partnering up with NTT, NEC Biglobe, Septeni and Mitsubishi UFJ Capital to launch a fund targeted at early-stage startups.

Japan has seen a seed accelerator/incubator bubble forming in the past few months, and the so-called B Dash Ventures fund is the newest addition.

The plan is to initially raise 2 billion yen (US$26 million) until next year and find suitable startups in web advertising, smartphone app development and (of course) social gaming. Each of the startups selected can expect a capital infusion of around 10 million yen (US$130,000), free office space in Tokyo and other support.

Serkan Toto About Serkan Toto
I am the CEO & Founder of Kantan Games, Inc., a Tokyo-based game industry consultancy focused on the Japanese market. Please subscribe to updates on this site via RSS or Email.