Corporate venture funds have been in vogue in Japan for the past few years, but accelerators and incubators remain a rarer breed. KDDI, typically known as one of Japan’s top telecommunication providers, has chosen the path less traveled and established both a venture fund (which is renewed yesterday for US$50 million) and an accelerator.
KDDI (TYO: 9433) revealed a flurry of investment plans today. First, the telecommunications firm announced the KDDI Open Innovations Fund (operated by Global Brain) deposited US$8 million into four American startups. Education firm Edmodo, digital media publishing platform Issuu, seat upgrade app Pogoseat, and TechCrunch competitor VentureBeat all received funding but individual terms were not disclosed. KDDI noted that a key reason for investing in these companies is their collective potential for trying to enter the Japanese market.
TELEHOUSE has updated its policies and procedures to conform to the requirements and addressables, mandatory, for a Business Associate under the Health Insurance Portability and Accountability Act (HIPAA) and the Final Omnibus Rule issued January 23, 2013. As of July 2014, TELEHOUSE is capable of signing a Business Associate Agreement as is required under the HIPAA regulations. As a Business Associate, TELEHOUSE can provide its services to Covered Healthcare Entities (CE) as well as other Business Associates who are vendors to various Healthcare industries.
KDDI, Japan’s third largest carrier by subscriber base behind Docomo and SoftBank, is betting on the success of news curation app Gunosy. The telco announced a 1.2 billion yen (US$11.8 million) funding round today – after already providing US$12 million in March to fund a Gunosy television advertisement campaign. According to The Bridge, Jafco and B Dash Ventures joined KDDI for the latest investment.
NEW YORK, NY — (Marketwired) — 06/10/14 — TELEHOUSE, the global leader for data centers, international Internet exchanges, and managed IT services, alongside its parent company KDDI, the Japanese telecommunications and systems integration provider, announces its upcoming exhibition at the 2014 Cloud Expo at the Javits Center in New York City. As part of Telehouse’s commitment to facilitating the growth of businesses worldwide, the company has diversified its portfolio of services through a data centric solution approach.
Asian telecom operators Chunghwa Telecom (Taiwan), HKT (Hong Kong), KDDI (Japan), and SK Planet (South Korea) are jointly announcing the formation of the Asia NFC Alliance, with the support of the GSMA, today at MWC 2014. The Alliance aims to extend existing NFC services beyond national borders to further accelerate the adoption of convenient and compatible NFC services worldwide.