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<ul><li>SBI Holdings announces a new venture fund worth up to 100 billion yen for Web3, AI, and metaverse startups, launching in 2023.</li><li>The fund aims to support 150-200 innovative companies, bolstering Japan&#39;s position as a tech startup leader in Asia.</li><li>Japan&#39;s government targets a surge in startup investment to 10 trillion yen by 2027, aiming to establish 100 unicorns.</li></ul>SBI Holdings, a major Japanese financial services company, has <a href="https://coinpost.jp/?p&#61;490878" rel="noopener noreferrer nofollow">announced</a> plans to launch a fund within 2023 aimed at investing in startups focused on Web3, artificial intelligence (AI), and the metaverse. The fund is expected to reach a scale of up to 100 billion yen, making it one of the largest venture capital initiatives in Japan.The investment strategy involves allocating several hundred million to several billion yen per company, with a target of supporting 150 to 200 companies in total. Notably, the fund has already secured over 50 billion yen from prominent financial institutions, including Sumitomo Mitsui Banking Corporation and Mizuho Bank, as well as from Nippon Life Insurance and Daiwa Securities Group.This move comes as part of Japan&#39;s <a href="https://cryptotale.org/mitsubishi-ufj-considers-new-stablecoin-in-collaboration-with-binance-japan/" rel="noopener noreferrer nofollow">broader efforts</a> to foster a more robust startup ecosystem. The Kishida administration, which has been actively working on the &#39;New Capitalism&#39; initiative, has set ambitious goals to transform societal challenges into growth engines for a sustainable economy.The &#39;Startup Ecosystem Promotion Five-Year Plan&#39; established by the government in November 2022 aims to increase the current investment in startups from 800 billion yen to over 10 trillion yen by 2027. This plan includes the creation of 100 unicorn companies and the establishment of 100,000 startup firms, positioning Japan as a leading startup hub in Asia.Read full article a<a href="https://cryptotale.org/sbi-holdings-to-unveil-mega-fund-for-next-gen-tech-startups/" rel="noopener noreferrer nofollow">t CryptoTale.</a>

SBI Holdings to Unveil Mega Fund for Next-Gen Tech Startups

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