Docomo Capital, a corporate venturing unit of Japan-based phone operator NTT, has selected two companies for its incubator fund.
Tech news media company Lid and customer relationship solution developer Repica are two of the first companies to join Docomo’s Y10bn ($109m) incubator programme. News provider Japanese Venture News said Repica raised Y113.4m and the amount for Lid was undisclosed.
The incubator fund and programme will be aimed at Japan-based start-ups specialising in tablet and smartphone technology and applications.