Japan-based electronics manufacturer Omron has established a corporate venturing subsidiary that will begin seeking startups in Japan and the US in which to invest from next month, Japanese daily Nikkei has reported.
The unit will invest over the next three years from a capital pool of ¥3bn ($29.3m) and will target early-stage agribusiness and life science companies, preferably those with technology that can complement Omron’s sensor and control products.