Hokkaido University Launches 3 Billion Yen Fund to Foster Agri-Food and GX Startups, Driving Regional Economic Revitalization
Fund Overview
Building on an agreement signed in March 2024, Hokkaido University and 15th Rock Ventures have launched the "Hokkaido University Green Frontier Fund 1 L.P." This venture fund, targeting a total of 3 billion yen, is designed to cultivate a robust startup ecosystem centered around Hokkaido University and the broader Hokkaido region. As of its first close in March 2026, the fund has already completed investments in two portfolio companies.
About 15th Rock Ventures
Founded in 2019 by Hokkaido University alumni, 15th Rock Ventures is a venture capital firm specializing in Human Augmentation and consumer services. The firm plays a critical role in translating academic research into real-world applications and fostering a culture of entrepreneurship. Through the management of this fund, they aim to pioneer new industries rooted in a frontier spirit.
Key Investment Sectors and Future Outlook
The fund focuses on four strategic areas that leverage Hokkaido’s unique regional characteristics:
- Agri-Food Tech: Advancing innovation in agriculture, forestry, and fisheries.
- Clean Tech: Environmental technologies contributing to Green Transformation (GX) and sustainability.
- Semiconductors: Technologies supporting the semiconductor industry.
- Human Augmentation: Expanding human capabilities through advanced technology.
Beyond commercializing university research, the initiative aims to revitalize the local economy and accelerate globalization by attracting high-potential startups from both Japan and abroad.
Participating Investors and Municipalities
The fund is supported by a coalition of local governments, financial institutions, and corporations, including:
- City of Sapporo
- The Hokuyo Bank, Ltd.
- The Hokkaido Bank, Ltd.
- Development Bank of Japan Inc.
- Dynax Corporation