Japanese bank Nomura has established a subsidiary in Tokyo to promote new business development and open innovation.
Nomura Holdings has announced the establishment of N-Village Co, a wholly-owned subsidiary that will focus on new business development and open innovation, the bank said in a media release.
N-Village will conduct research on emerging technologies and create new services that the investment banking group hopes will transform the way Nomura services its clients.
Substantial Start-up Fund
The new company will also actively partner with start-ups and other companies outside the Nomura Group, providing support in their open innovation efforts and business expansion.
In addition, Nomura plans to establish a new fund to provide financial support to these start-ups.
The company is planning to invest a total of 10 billion yen in the fund. Nomura will continue to promote open innovation and contribute to the further development of the Japanese capital market.
