The Innovation Network Corporation of Japan (INCJ) (株式会社産業革新機構), headquartered in Tokyo,[1][2] is a public-private partnership between the Japanese government and 19 major corporations.
Established as a temporary (15 years) corporate entity on July 27, 2009, the organization's prime objective is "boosting the competitiveness of Japanese firms by promoting a philosophy of 'open innovation' and creating next-generation businesses in promising new technologies by providing capital and managerial support, through private-public partnership."[3]
The business and investments of INCJ are supervised by the Ministry of Economy, Trade and Industry of Japan (METI).
History
In early 2009, the Japanese government along with major Japanese corporations conceptualized the legal framework of a corporate entity - whose aim is to leverage Japanese technological and industrial prowess to create sustainable next-generation businesses using a philosophy of "Open Innovation" and enhance the value of Japanese businesses.[4]