UMI completes memorandum of understanding with Japan Green Investment Corp. for Carbon Neutrality (JICN) for quantitative evaluation of GHG emission reductions

Universal Materials Incubator Co., Ltd. (UMI), a venture capital firm specializing in the material and chemical industries, has completed a memorandum of understanding with Japan Green Investment Corp. for Carbon Neutrality (JICN) regarding the quantitative evaluation of greenhouse gas (GHG) emission reductions. The two companies will collaborate in the quantitative evaluation of GHG emission reductions and avoided emissions.

JICN has also joined the UMI Ⅲ Decarbonization Investment Limited Partnership (the “UMI Decarbonization Fund”). In addition to promoting the activities of the UMI Decarbonization Fund, the two companies will work toward quantitative evaluations of GHG emission reductions from the businesses targeted for investments by this Fund.

As a venture capital company specializing in the material and chemical industries, UMI contributes to GHG emission reductions through investments in technologies and businesses in the decarbonization field, where material and chemical technologies frequently represent key solutions.

Japan Green Investment Corp. for Carbon Neutrality（JICN）
Location：1-21-19 Toranomon, Minato-ku, Tokyo 105-0001, Japan
President (CEO)：Yoshihiko Tayoshi
Establish：October 28, 2022
JICN operated a fund with capital from the government’s FILP (Fiscal Investment and Loan Program) as well as private sector investments to supply capital to diverse businesses that contribute to decarbonization. By disseminating and fostering know-how, information, and human resources, and by connecting ideas and technologies of diverse actors, it makes greater efforts to achieve carbon neutrality by 2050, and contributes to the creation of a better, sustainable future.
https://www.jicn.co.jp/

Universal Materials Incubator Co., Ltd. (UMI)
Location：1-12-22 Tsukiji, Chuo-ku, Tokyo 104-0045, Japan
Representative Director: Shosuke Kiba
Establish：Oct 6, 2015
UMI invests in outstanding new technologies and businesses in the fields of materials and chemicals that form the foundations for future industry, originating from both Japanese companies and academia, based on the vision of “Strengthening Japan’s engineering capabilities and cultivating an industry structure that can compete globally, by fostering outstanding material/chemical companies.”
https://www.umi.co.jp/en/