About UTEC
UTEC - Co-Founders for Innovation
UTEC is an early stage technology focused venture capital firm associated with The University of Tokyo, which is regarded as the best research university in Japan. UTEC was founded in 2004, the year the Japanese National University Reform took place. This reform allowed the University of Tokyo to become independent of the government, retaining title to the intellectual properties created at the University and enabling the University to license those properties or to use them to create new companies, similar to the Bayh-Dole Act in the United States.
UTEC currently manages its first fund of $83 million, investing in seed/early stage start-ups based on technologies and talents out of the University. Having proprietary access to the Universityfs inventions, UTEC works closely with its researchers as scientific founders to co-found companies which will contribute to society through business based upon innovations. UTEC has invested in 34 companies with 4 IPO and 1 M&A exits to date. Most recently, tella, Inc., a profitable bio-tech venture based upon the research at The Institute of Medical Science at the University of Tokyo, went public on the JASDAQ NEO market on March 26, 2009, an example of a business co-founded by scientists, entrepreneurs and UTEC from the concept stage.
UTEC - The University of Tokyo Edge Capital
UTEC is the Venture Capital Firm associated with the University of Tokyo. UTEC is the sole VC firm authorized by the University of Tokyo as its gTechnology Transfer Related Companyh with advantages in Proprietary Deal Sourcing - Access to the best seeds and top talents in Asia. More than 600 inventions a year are being born at the University of Tokyo. Of those inventions are disclosed to UTEC based upon researchersf intentions, before patent applications are made. UTEC are making proactive Involvement in the formation of new start-ups through its EIR and Search Initiatives at the University.
