After forming a partnership with a major Japanese electronics company, nCo Tec ventures Ltd., a venture capital firm based in Britain, is gearing up to promote European ventures involving communications technology in the Japanese market, according to George MacRitchie, a partner in nCo Tec.
Last month, major Japanese computer maker NEC Corp. invested 8 million euros (about 860 million yen) in nCo Tec's venture capital fund, increasing the fund to a total of 53 million euros.
"Technologies from Europe (usually) first go to America. Then they come to Japan from America. We could probably end up reversing that," said MacRitchie, expressing hope that the recent cooperation with NEC will help increase European ventures' presence in Japan.
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