Kyoto University Innovation Capital
Venture capitalKyoto · Pre-Seed–Growth
Also known as 京都大学イノベーションキャピタル株式会社
Investment thesis
Kyoto iCAP invests in and supports companies formed to commercialize the knowledge, research outcomes, and technologies of Kyoto University researchers. Wholly funded by Kyoto University, it aims to turn academic 'seeds' into businesses. It runs entrepreneurship-support initiatives including the EIR-iCAP visiting entrepreneur program and ECC-iCAP, which connects research seeds with business professionals interested in launching university-derived startups.
Source: firm website, verified Aug 3, 2026.
What they invest in
from 61 of 84 portfolio companiesBiotech ×29Medical Devices ×28Healthtech ×24Deep Tech ×18Cleantech ×11New Materials ×10Digital Health ×9AgTech ×8
HQs:Japan×51United States×4Taiwan×1
Who they back
founder profiles across 19 portfolio companiesFounding team size:solo founder×122 founders×64+ founders×1
Accelerator rootsportfolio companies that came through a program
Investments · 84 tracked
founders shown can be your intro pathLisata develops drug delivery platform technology and therapies for solid tumors, enabling targeted anti-cancer drug delivery and immune system activation against cancer.
BiotechMedical Devices
Kolagen Pharma develops and sells pharmaceuticals, medical devices, and research reagents, and manufactures cosmetics, focusing on collagen-based biomaterials for regenerative medicine.
BiotechHealthtechLongevityMedical DevicesKyoto, JP
Hiroshi Nose(代表取締役 (Representative Director))
Junji Adachi(Founder)in
Co-investorsCelesta CapitalCelesta CapitalDBJ CapitalMCP Asset ManagementMIRAI SOUZOUShizuoka Capital+2 more
Co-investorsDBJ CapitalAbies Ventures
ACT Genomics is a cancer genomics company that provides genomic testing solutions to support personalized cancer care and precision medicine for patients and clinicians.
BiotechDigital HealthHealthtechMedical Devices
Co-investorsUMC Capital
AlphaNavi Pharma is a pharmaceutical company developing new drugs (Nav channel inhibitors) for patients suffering from chronic pain and neurological disorders.
BiotechDigital HealthHealthtech京都市, JP
小山田義博Yoshihiro Oyamada(Representative Director)
Co-investorsShinsei Capital Partners
The Audio Metaverse creates a bridge between physical and virtual spaces through audio, allowing users to own audio spaces as unique digital assets with exclusive access features.
Creator Economy
BTB Therapeutics develops a non-opioid analgesic aimed at addressing the opioid crisis, along with a pipeline of RNA-modifying compounds for rare genetic diseases and to enhance cancer immunotherapy.
BiotechHealthtechMedical DevicesEscondido, US
Masatoshi Hagiwara(Chief Scientific Officer, Director of the Board (founder of BTB Therapeutics Co., Ltd.))Takashi Kiyoizumi(CEO, Director of the Board)Kenneth W. Locke(Chief Development Officer)
Cancer therapeutics development (RNA regulation abnormalities).
Co-investorsNippon Venture CapitalShinsei Capital PartnersSMBC Venture CapitalUTokyo Innovation Platform Co. Ltd.
Cleanhearing develops Sono, a patented technology aimed at treating tinnitus.
Digital HealthHardwareHealthtechMedical Devices
Gerald Neuwirth(Founder / Technical Lead)Lydia Mitchell(Head of Product & Operations)
BoardHidero Niioka
CONNEXX SYSTEMS is a Japanese startup developing energy-storage batteries and a networked storage system ("Power Net") that links distributed batteries and renewable sources like solar and wind into a unified energy network.
CleantechEnergyHardware
Co-investorsUniversal Materials Incubator
Development of novel gene-related therapies.
GraGreen develops improved crop varieties using genome editing and traditional breeding methods to reduce resource inputs and increase agricultural yields.
AgTechClimate TechNagoya, JP
Masaki Niwain
Co-investorsBeyond Next VenturesSeiho Investment WorksShizuoka CapitalTechstarsUTokyo Innovation Platform Co. Ltd.
Kanjin Therapeutics is a biotechnology startup developing treatments to restore kidney function and address chronic kidney diseases, using a strategy of targeting the liver.
BiotechDigital HealthHealthtechMedical Devices
Kyoto Fusioneering develops fusion energy technology and related engineering solutions to enable carbon-neutral power generation and advanced chemical processes such as hydrogen production and carbon capture.
Climate TechDeep TechEnergyKyoto, JP
Taka Nagao(Founder)inShutaro Takeda, Ph.D.(Founder)in
Co-investorsCoral CapitalDBJ CapitalGlobal BrainJIC Venture Growth InvestmentsSumitomo Mitsui Trust nvestment Co. Ltd.Techstars+2 more
Co-investorsKobe University Capital
Myoridge develops serum-free cell culture media and optimization services for cell cultivation and regenerative medicine applications.
BiotechHealthtechMedical DevicesJapan, JP
Co-investorsBeyond Next VenturesDiamond Edge Ventures
Perseus Proteomics (PPMX) is a Japanese biotech company that uses proprietary antibody technology to develop new antibody-based drugs.
BiotechDeep TechHealthtech
Co-investorsDBJ CapitalNewton BiocapitalNippon Venture CapitalSMBC Venture Capital
Platform for high-throughput material property simulation based on quantum mechanics.
Cambridge, US
Toru Shiozaki(Executive Officer, Director)
BoardGuanhua Chen(Director)Garnet Chan(Director)
Co-investorsAbies VenturesUTokyo Innovation Platform Co. Ltd.Embark Ventures
RadioNano Therapeutics is a drug discovery startup developing new radiation-based cancer therapies rooted in basic science.
BiotechHealthtechMedical Devices
Masatoshi Chiba(代表取締役社長 (President & CEO))
Co-investorsDBJ Capital
RegCell Biosciences is a biotechnology company developing regenerative cell therapies, leveraging expertise in cell and gene therapy, manufacturing, and immunology to advance therapeutic treatments.
BiotechDeep TechMedical Devices
Michael McCullar, PhD(Chief Executive Officer)James Ahlers(Chief Financial Officer)Marty Giedlin, PhD(Chief Technology Officer)Tony Hurley(Chief Technical Operations Officer)Steve Kanner, PhD(Chief Scientific Officer)
Co-investorsFast Track InitiativeGlobal BrainUTECMitsubishi UFJ Capital
Restore Vis is a life sciences company founded by a vitreoretinal surgeon and clinician scientist focused on addressing inflammation, aging, neurodegeneration and angiogenesis through translational research from drug discovery to clinical trials.
BiotechDigital HealthHealthtechMedical DevicesTokyo, JP
Dr. Rajendra S. Apte(Paul A. Cibis Distinguished Professor; Vice Chair of Innovation and Translation; Founder)
Co-investorsAstellas Venture Management LLCDBJ CapitalJIC Venture Growth InvestmentsNippon Venture CapitalOSAKA University Venture CapitalRemiges Ventures, Inc.+3 more
Shinobi develops next-generation cell therapies using iPSC (induced pluripotent stem cell) research, genetic engineering, and clinical infrastructure.
AI & Machine LearningBiotechHealthtechMedical Devices
Co-investorsAstellas Venture Management LLCF-Prime CapitalFast Track InitiativeJIC Venture Growth Investments
Koji Itoin
Co-investorsBeyond Next VenturesGlobal BrainEnergy & Environment Investment
U-MAP is a University of Nagoya spin-off developing new thermal-management materials to address heat problems in electronic devices such as smartphones, PCs, electric vehicles, data centers, and 5G equipment.
Deep TechHardwareNew MaterialsNagoya, JP
Co-investorsGlobal BrainUntroD Capital
Viage Therapeutics is a neuroscience drug developer working on novel oral neurotherapeutics that target the gut-brain axis, including its lead clinical candidate DGX-001 for cognitive impairment in conditions such as Alzheimer's and Parkinson's disease.
BiotechDeep TechHealthtechSan Francisco Bay Area, US
Titus Plattel(Leadership Team)inBrian Rogers(Leadership Team)inNeil Schwartz(Leadership Team)inSujata Sankar(Leadership Team)inSteven King(Leadership Team)in
Co-investorsMiyako CapitalRDiscoveryRemiges Ventures, Inc.
Advance Composite develops and manufactures advanced composite materials aimed at supporting industrial development while reducing environmental impact through energy and resource efficiency.
Advanced ManufacturingCleantechNew Materials
Junichi Hattori(代表取締役社長 (President & Representative Director))
Co-investorsEnergy & Environment Investment
eSep Inc. develops and provides nanoceramics membrane separation technology and related equipment and systems for chemical processes and energy applications.
Advanced ManufacturingCleantechNew MaterialsKyoto, JP
Kenichi SawamuraKen-ichi SAWAMURA(Founder)in
Co-investorsGlobal BrainHiroshima Venture Capital Co. Ltd.Kobe University Capital
EneCoat Technologies develops and manufactures perovskite solar cells (PSCs) and related materials.
CleantechEnergyNew MaterialsKyoto, JP
加藤尚哉 (Naoya Kato)(Representative Director / Executive Officer / CEO)堀内保 (Tamotsu Horiuchi)(Director / Executive Officer / CTO)
Co-investors15th RockGlobal BrainMIRAI SOUZOUMonozukuri VenturesNippon Venture Capital
Cuorips develops regenerative medicine products based on human iPS cell technology, including its heart muscle cell sheet "Heart®" (Rehart) for treating severe heart failure caused by ischemic cardiomyopathy, along with catheter-based therapies and compound drugs (YS series).
BiotechHealthtechMedical DevicesOsaka, JP
Takayuki Kusanagi(Representative Director, President & CEO)Tadayuki Tanimura(Director, Executive Vice President)Kazuyoshi Hirao(Director, Executive Vice President & Chief Business Officer)Yoshiki Sawa(Director, Chief Medical Science Officer)
Co-investorsNippon Venture Capital
Co-investorsNippon Venture Capital
Sunlit Seedlings Co., Ltd. describes its SDGs initiatives and its fraud-prevention policy for managing public research funds, stating it operates and manages competitive research funding in line with guidelines for the administration and auditing of public research expenses at research institutions.
AgTechCircular EconomyClimate TechDeep TechImpact & Social Good
tiem factory Inc. develops, manufactures, and sells functional materials, specifically an aerogel called SUFA (Super Functional Air), a porous material over 90% air engineered for high flexibility and elasticity in transparent plate form.
CleantechDeep TechNew MaterialsIbaraki, JP
橘弘一郎(代表取締役社長 (President & CEO))倉田真弥(取締役 / 代表取締役 (Director / Representative Director))
Board川瀬昇(取締役 (Director))
Co-investorsUniversal Materials Incubator
Tokiwa Bio develops the Stealth-type RNA vector (SRV™), a non-integrating gene delivery vector that can introduce multiple or large genes into cells at high efficiency for gene therapy.
BiotechDeep TechMedical Devices
Toregem Biopharma is a Kyoto University spin-off developing a tooth-regeneration drug based on a humanized anti-USAG-1 antibody that aims to regrow teeth with a single injection.
BiotechDeep TechHealthtechMedical Devices京都 (Kyoto), JP
喜早 ほのか (Honoka Kihayashi)(代表取締役社長 (Representative Director and President))髙橋 克 (Katsu Takahashi)(取締役CTO (Director and CTO))髙谷 宗男 (Muneo Takaya)(取締役CBO (Director and CBO))喜早 ほのか(Co-founder & CEO (代表取締役社長))髙橋 克(Co-founder & CTO)髙谷 宗男(Co-founder & CBO)
Co-investorsAstellas Venture Management LLC
FIMECS, Inc. is a Japanese drug discovery company researching and developing new pharmaceuticals based on targeted protein degradation mechanisms.
BiotechMedical DevicesFujisawa, JP
Kanae Kamo(代表取締役 CEO (Representative Director & CEO))
Co-investorsUTokyo Innovation Platform Co. Ltd.
Physiologas develops technology to innovate healthcare and improve patient and family wellbeing.
Digital HealthHealthtechMedical Devices
HoloBio is a Japanese molecular biology research company that studies the unique functions of region-specific plants, animals, and symbiotic microorganisms across Japan.
AgTechBiotechDeep TechFoodTechKyoto, JP
Masato Umeda(Representative Director & President (Founder))Toshihide Kobayashi(Director & Head of Research)Kinya Nakaoka(Director & Head of Corporate Planning)
Co-investorsGenesia Ventures
Co-investorsGlobal Brain
Melody International develops mobile fetal and maternal monitoring medical devices, including the "iCTG" cardiotocograph and the "Central i" central monitoring system for perinatal care.
Digital HealthFemTechHealthtechMedical DevicesTakamatsu, JP
Ichiro Matsubara(Representative Director / CEO)
Rege Nephro develops regenerative medicine therapies for kidney disease, focusing on nephron progenitor cell research and differentiation from iPS cells.
BiotechHealthtechMedical DevicesKyoto, JP
Co-investorsGlobal BrainNippon Venture Capital
aceRNA Technologies develops therapies based on RNA technology, focusing on the discovery of new functions of miRNA to contribute to regenerative medicine and the creation of new drugs for diseases that currently lack treatments.
BiotechDeep TechHealthtechMedical DevicesTokyo, JP
須川史啓(代表取締役 (Representative Director / CEO))
AFI manufactures rapid microbial detection systems using flow cytometry and solid-phase cytometry technologies for quality control in pharmaceuticals, clinical diagnostics, cosmetics, food and beverage, and environmental testing.
HardwareHealthtechMedical DevicesTokyo, JP
Co-investorsOSAKA University Venture Capital
Arktus develops regenerative medicine using iPS cell-derived cartilage implants for knee cartilage repair, combining iPS cell research from Kyoto University with cell 3D-printing technology from Saga University.
BiotechLongevityMedical Devices
Tomohiro Oiwa(Representative Director (CEO))
BoardKoichi Nakayama(Outside Director / Professor, Saga University School of Medicine)Makoto Ikeya(Outside Director / Associate Professor, Kyoto University CiRA (iPS Cell Research Institute))
Co-investorsBeyond Next VenturesScrum Ventures
FLOSFIA develops power semiconductor devices based on corundum-structure gallium oxide (α-Ga₂O₃), a material originating from Kyoto University in Japan, using its proprietary water-based "MISTEPITAXY" mist deposition process to achieve lower loss than SiC at silicon-level cost.
CleantechDeep TechNew MaterialsSemiconductorsKyoto, JP
人羅俊実(創業者・取締役会長 (Founder & Chairman))四戸孝(代表取締役社長 (President & CEO))
Co-investorsMiyako CapitalUTECEnergy & Environment Investment
Co-investorsKeio Innovation InitiativeOSAKA University Venture Capital
KOALA Tech Inc. is a Kyushu University spinout commercializing organic semiconductor laser diode (OSLD) technology as laser light sources compatible with organic electronic device platforms, including OLED displays.
Deep TechHardwareSemiconductorsFukuoka, JP
安達千波矢(Founder (Kyushu University Professor))Chihaya Adachi(Co-founder (Kyushu University Professor))Fatima Bencheikh(Representative Director, CEO & CTO)in
Co-investorsSony Ventures Corporation
Lang-8 operates HiNative, a Q&A platform where users worldwide ask and answer questions about languages and cultures for mutual language learning.
ConsumerEdTechSocial
Co-investorsDG IncubationOpen Network LabZ Venture Capital
LegalOn Technologies develops AI-based products for corporate legal and other corporate functions, including contract review and management tools such as LegalForce and the LegalOn Cloud platform.
AI & Machine LearningEnterprise SoftwareLegalTechSaaSTokyo, JP
角田 望(代表取締役)Nozomu Tsunoda(Founder)in
Co-investorsDIMENSIONSoftBank Vision Fund
LEP (株式会社LEP) develops applications based on its proprietary bioluminescent protein technology to illuminate homes and cities, pursuing agriculture, exhibition, and energy business lines.
AgTechBiotechCleantechConsumerEnergyTokyo, JP
高元 丈治(代表取締役CEO)永井 健治(取締役CTO)出村 拓(取締役CSO)
Luxonus develops photoacoustic (optical ultrasound) 3D imaging devices and services for visualizing blood and lymphatic vessels, building on technology from Japan's Cabinet Office ImPACT program.
Deep TechHealthtechMedical DevicesKawasaki, JP
Sadakazu Aiso(代表取締役 (Representative Director))Taro Terashi(COO)Yoshiharu Takahashi(Executive Officer, Sales & Marketing)
BoardOsami Kono(Director)Tomokatsu Hongo(Director)inLiu Bingxian(Director)
Co-investorsKeio Innovation InitiativeMIRAI SOUZOU
Mitate Zepto Technica is a venture company developing dedicated genome analysis hardware using advanced semiconductor technology to accelerate genome sequencing.
BiotechHardwareSemiconductors
Co-investorsMonozukuri Ventures
OOYOO develops membrane and gas separation technologies for industrial CO₂ capture from exhaust gases and CO₂ utilization in circular economy applications.
CleantechClimate TechNew MaterialsTokyo, JP
Co-investorsUTokyo Innovation Platform Co. Ltd.Energy & Environment Investment
OPTMASS develops transparent solar cells and infrared light-harvesting technology for buildings to generate and distribute electricity on-site.
CleantechEnergyNew MaterialsUji, JP
Masanori Sakamoto(Representative Director / CEO)
Co-investorsSamurai IncubateUntroD Capital
TSK is a Japanese company established in 2021, led by chemistry PhDs with backgrounds in chemical industry, display manufacturing, and academic chemistry research.
AgTechCleantechClimate TechDeep TechNew Materials京都, JP
Eunchul Son(代表取締役 (Representative Director / CEO))孫 恩喆(代表取締役 (Representative Director))
BoardMasaharu Nakamura(取締役 (Director))
xCARE operates a talent platform and project management service specialized for the medical industry, connecting external professional experts with pharmaceutical, medical device, and other medical product development projects.
B2B MarketplacesEnterprise SoftwareFuture of WorkHealthtechMedical DevicesTokyo, JP
Yaqumo develops neutral-atom (cold-atom) quantum computers designed to be scalable and support repeatable error correction, with the goal of practical, usable quantum computing.
Deep TechHardwareQuantum Computing
Co-investorsBeyond Next VenturesJIC Venture Growth InvestmentsQuantonation
YStory develops AI-powered digital health solutions for women, with a focus on menopause management.
AI & Machine LearningDigital HealthHealthtechTokyo, JP
Janet Yu(CEO (Representative Director))Sherry Shi(CEO (Representative Director))
Co-investorsSeiho Investment Works
Ocean Eyes is a technology venture that uses pattern recognition, ocean simulation, and data assimilation to provide fishing-ground and ocean-condition forecasting services for fishers, aimed at sustainable use of marine resources.
AgTechAI & Machine LearningClimate TechData & InfrastructureKyoto, JP
Yusuke Tanaka(代表取締役 (Representative Director / CEO))田中裕介(代表取締役 (CEO))
BoardMasaaki Iiyama(取締役 (Director))Shuichi Kasahara(取締役 (Director))
Oligogen is a Japanese biotech venture focused on regenerative medicine and drug discovery, conducting novel research and development in the pharmaceutical field.
BiotechHealthtechMedical DevicesKyoto, JP
Kino Pharma is a Japan-based company with a Tokyo headquarters and a Kyoto research laboratory.
BiotechMedical DevicesKyoto, JP
Masatoshi Hagiwara(Founding Researcher)
Co-investorsOita Venture Capital
Questetra provides a workflow and business process management platform.
Cloud ComputingEnterprise SoftwareSaaS
Saki Corporation develops automated inspection systems for electronic modules, using image capture to automatically judge good versus defective products on electronic boards and power semiconductors.
Advanced ManufacturingHardwareRoboticsSemiconductorsTokyo, JP
Co-investorsHiroshima Venture Capital Co. Ltd.
Mitsucari (株式会社ミツカリ) develops and operates an HR Tech service that analyzes individuals' personalities and compatibility to improve fit between employees and organizations, offering tools for hiring, employee analysis, engagement measurement, and related HR consulting.
AI & Machine LearningEnterprise SoftwareHR TechSaaSTokyo, JP
表 孝憲(代表者 (CEO))
LA TERRA Inc. develops germ-free artificial potting soil made entirely of inorganic materials, including fertilizer, designed to grow plants using light energy without pesticides.
AgTechCleantechNew MaterialsSapporo, JP
Shin-ya Araiso(President, Representative Director & CEO)Tsunehisa Araiso(Representative Director, Board Chairman & CTO)
Kyoto Text Lab develops sentiment analysis models based on natural language processing and psychology research, delivering them through consumer-facing AI applications intended to support communication and mental well-being.
AI & Machine LearningDeveloper ToolsMental HealthSaaSKyoto, JP
河原 大輔(Co-founder & Director)Masanobu Matsuo(Representative Director)甲斐 英幸(代表取締役 (President))
Kyoto Drug develops novel therapeutic drugs for rare and difficult-to-treat ocular diseases including retinal artery occlusion and retinitis pigmentosa, using a new small-molecule compound (KUS agent) based on research from Kyoto University.
BiotechMedical DevicesKyoto, JP
Musashi (武蔵)(CEO)
Co-investorsMiyako Capital
Stem Cell & Device Laboratory (SCAD) commercializes pluripotent stem cell (ES/iPS) research from Kyoto University, developing cell and tissue products that combine stem cell technology with material and device technology.
BiotechDeep TechDigital HealthMedical DevicesKyoto, JP
加藤謙介Kensuke Kato(代表取締役 (Representative Director))
BoardNorio Nakatsuji(取締役最高顧問 (Director / Chief Advisor))Kazuhide Konishi(取締役 (Director))
Enu Pharma (遠友ファーマ) is a biotech startup developing antibody drugs with high selectivity based on a glycopeptide-targeting method discovered at Hokkaido University.
BiotechDeep TechHealthtechMedical DevicesSapporo, JP
安井 忠良(代表取締役社長 (President & CEO))
BoardShinichiro Nishimura(Professor)
Co-investorsDG IncubationOpen Network Lab
Exits · 1
IPOs and acquisitions across the tracked portfolioLisata Therapeutics, Inc.NASDAQ: LSTA
Portfolio news
latest coverage across their companiesChordia Therapeutics · markets.businessinsider.com · Aug 14, 2026
Perseus Proteomics · tipranks.com · Aug 13, 2026
Kyoto Fusioneering · forbes.com · Jul 15, 2026
Restore Vision · shionogi.com · Apr 15, 2026
RegCell · us.fasttrackinitiative.com · Mar 22, 2025
Frequently asked questions
- How many investments has Kyoto University Innovation Capital made?
- Kyoto University Innovation Capital has 84 tracked investments, including 1 dated in the last 24 months.
- What stage does Kyoto University Innovation Capital invest at?
- Kyoto University Innovation Capital invests at the Pre-Seed, Seed, Series A, Series B, Series C, Growth stages.
- What sectors does Kyoto University Innovation Capital focus on?
- Kyoto University Innovation Capital focuses on AI & Machine Learning, Biotech, Deep Tech, FoodTech, Healthtech, New Materials, Sector Agnostic.
- Where is Kyoto University Innovation Capital located?
- Kyoto University Innovation Capital is headquartered in Kyoto, JP.
- Who does Kyoto University Innovation Capital co-invest with?
- Kyoto University Innovation Capital most often shares deals with Global Brain, Nippon Venture Capital, Beyond Next Ventures, among 47 tracked co-investors.
Media · Podcasts & interviews
from their channel【ECC-iCAP】2nd alumni event on February 24th, 2026
京都iCAP
【Q&A】#11 京都iCAPにはEIR活動を支援してくれるメンターは居ますか?どの粒度感?【EIR編】
京都iCAP
【Q&A】#9 大学の先生とあまり話した事がないのですが、EIR活動はできますか?先生との接し方について教えて【EIR編】
京都iCAP
【Q&A】#8 EIRや起業家としてふさわしいと考える人物像を教えて下さい【EIR編】
京都iCAP
【Q&A】#7 EIR(客員起業家)とはなんでしょうか?【EIR編】
京都iCAP
【Q&A】#6 大学発とかディープテックとかイメージがわかないのですが、どんな人が働いているのですか?【ディープテック編】
京都iCAP
Images
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