KDDI and Global Brain wants to fund young startups worldwide

The KDDI Open Innovation Fund, a 5 billion Yen (US$63M) corporate venture capital fund from Japan, is seeking to invest in promising mobile startups in the seed and growth stage.

Started in February, the fund is a collaboration between KDDI, a major Japanese telecoms operator, and Global Brain, a VC firm. The fund will invest in companies in Asia, Japan, and the United States, providing not just funding but also service development, platform for cloud services, and promotional initiatives.

Global Brain sees Singapore as a center of their upcoming activities in Asia, having already partnered with the NUS Entrepreneurship Centre. They have been managing several corporate venture capital funds for 11 years.

Startups can apply for the fund through the Global Brain website.