Japan-based human resources (HR) services provider Temp Holdings has launched a corporate venturing fund called Temp Innovation Fund in order to invest in HR technology developers.
Temp Innovation will form part of an open innovation strategy that Temp Holdings is deploying to deal with changes to Japan’s HR sector caused by a declining population and the greater diversity of employment structures.
The fund will target investments both domestically and internationally, though Japan-based startups will be able to leverage Temp Holdings’ customer base, expertise and organisational assistance.
Publicly-listed Temp has already made investments in Japan-based cloud HR sourcing companies Lancers and Intelligence, though it has not provided more specific details.