Toyoda Gosei department to invest in new technologies

Kiyosu, Japan – Automotive supplier Toyoda Gosei Co. Ltd is establishing a corporate venture capital department in January 2019 in a bid to further invest in new technologies.

The new department will serve as the company’s arm for “flexible and swift investment in startups” and venture capital to speed up innovations and commercialise new products, the company said 9 Nov.

The department will have an operating budget of Yen3 billion (€23 million), and will invest in robotics, semiconductors, next-gen automotive parts and materials for the next two…

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