JGC Group and Global Brain Corporation jointly establish the JGC MIRAI Innovation Fund, a CVC fund

Yokohama, Japan - JGC Holdings Corporation announced today that it has newly established an investment line totaling 10 billion yen that will target domestic and foreign start-ups, in partnership with JGC Japan Corporation, which operates the domestic engineering business of the JGC Group. In addition, JGC Holdings also announced that within the framework of this investment line, on April 19, it set up the JGC MIRAI Innovation Fund (hereinafter "the Fund"), a corporate venture capital (CVC) fund that will have total assets under management of 5 billion yen, in partnership with JGC Japan and Global Brain Corporation, an independent venture capital firm.

Via the Fund, JGC Group will invest in domestic and foreign start-ups with innovative technologies and business models that will contribute to building a safe, secure, and sustainable social system. The themes to be targeted for investment are "realizing carbon neutral," "building sustainable and resilient infrastructure," "enhancing lifestyle quality while looking ahead to the 100-year-life society," and "making industries smart."

In addition to the plant and facility engineering, procurement, and construction (EPC) work that JGC Japan has been undertaking up to now, which includes the energy, chemical, renewably energy, nuclear power, life science, and healthcare sectors in Japan, it is also boosting the development of solution proposal-type businesses that will resolve the various social challenges facing Japan in the future, such as population and birthrate decline, and an aging population and infrastructure.

Going forward, JGC Group will leverage the networks and judgement possessed by Global Brain, which has a track record of discovering and cultivating promising start-ups inside and outside Japan. At the same time, it will generate synergies by combining domestic and foreign start-ups that boast innovative technologies and business models with JGC Group's strengths, including its technical capabilities, human resources and wealth of experience relating to projects overseas, with the aim of creating client value through the generation of new businesses and the enhancement of service quality.

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