Epson X Investment Corporation (EXI)

History

2020: Epson created venture fund for investment into technologies of printing

At the beginning of April, 2020 Epson announced creation of venture fund for investment into technologies of printing. The authorized capital of the new company which received the name Epson X Investment Corporation (EXI) is 5 billion yens 
 ($46 million at the rate of for April 8).

The general partner of Epson from EXI selects Global Brain Corporation company. Group will own a 99 percent share of fund, and Global Brain will act as the limited liability partner (LP) and will undertake administrative functions. The fund will make investments in venture capital companies worldwide.

Epson announced creation of venture fund for investment into technologies of printing

It is noted that EXI will allow to integrate possibilities of Epson and adjacent businesses, to stimulate existing and also to start new projects of corporation in the field of innovations.

The corporate venture fund is urged to set partner relationship with a pool of the companies working in different spheres of business. This tool is effective in terms of ecological investments and use of disruptive innovative solutions based on effective digital technologies. These possibilities of steel for Epson the defining factor in making decision on opening of venture fund, the press release says.

According to the statement of Epson, for the last ten years the company invested about 10 billion yens in transactions of merge and absorption, partner projects and venture business. Investments were aimed at use of advantages of synergy as a result of consolidation of the main direction of the company — productions of list devices (first of all inkjet printers) with opportunities of other businesses. It allowed the Japanese vendor to enter the new markets and to broaden the sphere of the influence.

One of the main strategic directions of Epson within implementation of the second part of the medium-term business plan is development due to use of assets, the organizations of different collaborations and open innovations.^[1]

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