TOKYO - (JCN Newswire) - TANAKA Kikinzoku Kogyo K.K. (Head office: Chiyoda-ku, Tokyo; Representative Director & CEO: Koichiro Tanaka), which operates the TANAKA Precious Metals manufacturing business, announced today that it has made an equity contribution to the medical venture capital fund Diamond Medino Capital (DMC) No. 1 Investment Limited Partnership founded in Japan by Professor Terumitsu Hasebe (Professor, Faculty of Medicine, School of Medicine, Tokai University; Visiting Professor, Keio University School of Medicine; Visiting Professor, Massachusetts Institute of Technology/Harvard Medical School; medical doctor, PhD in Medicine, and PhD in Engineering). This is Japan's first medical venture capital fund established with an active medical professor serving as its representative. Through this equity contribution, TANAKA Kikinzoku Kogyo will contribute toward technological development in Japan's domestic medical and healthcare industry.Background and Objectives
TANAKA Kikinzoku Kogyo decided to undertake this equity contribution as the company supports the fund's principle of establishing a medical venture ecosystem originating from Japan. TANAKA has previously worked with Professor Hasebe on national projects (under the Japan Agency for Medical Research and Development) for the joint development of advanced medical technologies, such as metal coils for embolization and long patency stent systems. The company is participating in this fund as the anchor limited partner to pursue the potential of precious metals - from a comprehensive perspective for the future of medicine and not just in terms of products and projects - and contribute to Japanese society.
Currently in Japan, companies continue to face difficulties with rapid and sophisticated research and development due to issues such as fund procurement, a sense of urgency, and a shortage of human resources. In addition, there are cases where academic research groups with excellent technologies do not reach commercialization. Regarding these issues, this fund will support Japan's new and current medical ventures by closely assisting them in terms of human resources, capital, management, pharmaceutical, patent, exit, and other strategies. In this way, the fund will contribute to the well-being of patients by giving birth to venture companies with excellent academic technologies in the medical field, achieving early practical application of those technologies, and providing new medical equipment, pharmaceuticals, and medical-related services to medical frontlines. Furthermore, the fund seeks to realize a true ecosystem that uses the knowledge gained and human resources developed to take on challenges in new projects and research themes, as well as support future entrepreneurs.
Additionally, the fund has the strength of being deeply involved in support of its investments from its unique position not found in other Japanese medical funds so far, such as its understanding of needs at the frontlines of medicine, knowledge regarding the latest technological trends, and the responses of Japan's and the United States' governments toward practical application.
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