Gomif Partners’ $200 Million startup fund challenges risk-averse Japan

9 January 2017, Toyko, Japan / New York – Gomif Partners (Gomif) Cyber Startup Workshop is coming to Tokyo, Japan, with $200 Million in the pipeline for socially responsible business plans.

According Reuters news report, a wave of startups is emerging in famously risk-averse Japan as cash-rich corporations increasingly delegate the task of keeping pace with technologies such as artificial intelligence and robotics to smaller, nimbler businesses.

Japan has been dry ground for startups, given the shame that entrepreneurs and investors associate with failure, but it is on track for a record funding year for unlisted startups, exceeding the dot-com bubble of 2000, according to a private research firm.

gomif-logo-originGomif Partners, co-lead by philanthropist and investor Tey Por Yee (Larry) is raising a $200 million VC fund, called Socialpreneur Growth Fund, to invest in social business concept startups and growth stage financing for innovation and technology-related companies in Europe, as well as within the Asia-Pacific region. The fund-raising and road shows started from London, Singapore, New York, Beijing and now in Tokyo.

Startups can apply to be part of the program beginning in the early part of January 2017. Gomif and its advisors will mentor the winning companies and help them enhance their business plans and products. As a part of the partnership, Gomif will also pick up an equity stake in these companies. Interested candidate can visit http://www.gomif.com and submit business concept online.

 

About Gomif Partners

Gomif Partners (GP) is an early stage investment advisory network joint lead by socialpreneur Larry Tey Por Yee and several private venture partners. GP’s investors invest in and work with information technology companies at any stage but they are primarily focused on seed and early stage investments. GP is interested in socially responsible business models, especially renewable, retail, manufacturing, software, and services surrounding this concept. Visit http://www.gomif.com