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Short Take: Hitachi to form venture capital fund

Hitachi announced the establishment, effective July 1, of the Hitachi Corporate Venture Capital Fund. The 10 billion-yen ($96 million U.S.) fund will be used to create new business opportunities by investing in promising technology startup companies or ventures. Hitachi will also establish a new organization, the CVC Office, to manage the fund.

Hitachi announced the establishment, effective July 1, of the Hitachi Corporate Venture Capital Fund. The 10 billion-yen ($96 million U.S.) fund will be used to create new business opportunities by investing in promising technology startup companies or ventures. Hitachi will also establish a new organization, the CVC Office, to manage the fund.