We Plan To Generate 10 Billion Yen To Support Startups, Says Yo Akatsuka Of Nomura
The Voyager Nomura fintech startup program attracted many startups that contribute to financial technology and have created some effective tools and innovations in developing premium digital finance tools
Nomura Holdings Inc, the Japanese financial holding company, on Wednesday (19 April) invited entrepreneurs to participate in building innovative solutions for investment banking and capital markets to deploy across firms and the financial industry.
The bank tied up with Voyager to call out startups that showcased their innovations and products and also gained attraction from investors. Nomura is Asia’s global investment bank and has its headquarters in Japan.
At the launch, Yo Akatsuka, senior managing director — innovations, Nomura, made a crucial announcement to encourage startups.
“Nomura has already gained momentum in fintech with the launch of Financial Innovation Office globally, an accelerator program in Japan, and the establishment of N-Village, a wholly-owned subsidiary, to promote new business development and open innovation. We plan to create a new 10 billion-yen fund to provide financial support to startups. The Voyager initiative in India is a further sign of our commitment to engage with startups and encourage financial innovation,” Akatsuka said.
Nomura also announced that a NICe (Nomura Innovation Centre) has been set up at Powai in Mumbai that provides a platform to startups which are going to be selected for the Voyager program. Nomura bank proceeded with the program in the presence of RK Rangan, president and CEO, Nomura Services, India.
He further said, “New technology, supported by an innovation driven ecosystem, has resulted in an environment of increasing collaboration between new and traditional market players. Building on this momentum, Voyager is a program for startups to engage with Nomura to drive innovation through its global network.”
The FinTech partnership states that working at NICe enables entrepreneurs to access Nomura resources and test their concepts and solutions and also use the firm’s manpower, processes and technology to work in an independent work space.
The partnerships could also result in having Nomura as a client to potential startups.