Japan-based consumer goods supplier MTG Corporation has launched a ¥5bn ($44.3m) corporate venturing arm called MTG Ventures, VentureTimes has reported.
MTG Ventures will seek co-investments in technologies with potential applications in the health and beauty, food and sports industries.
MTG expects the unit to initiate the development of an innovation ecosystem centred on its business, which primarily focuses on health and grooming products.
The corporate will also offer its expertise in areas such as brand development and international distribution to portfolio companies.
Photo courtesy of MTG Co., Ltd.