SPARX Group Establishes Space Frontier Fund. (SIF)--a subsidiary of SPARX Group Co., Ltd. (SPARX; TSE1: 8739)--today announced that it established the Space Frontier Fund. The Fund primarily aims to support human resources and technology development in space-related industries, to foster Japanese space companies that are competitive on the world stage, and to contribute to technological innovation throughout Japan.
Managed by general partner (GP) SIF, the Space Frontier Fund began operations in June with its initial total capital of JPY 8.2 billion financed through contributions from its limited partners (LP).
By December 31, 2020, the goal is to have gathered a total of JPY 15 billion in capital through additional contributions from investors that endorse the objectives of the new fund.
About Toyota Motor Corporation
Toyota Motor Corporation (TMC) is the global mobility company that introduced the Prius hybrid-electric car in 1997 and the first mass-produced fuel cell sedan, Mirai, in 2014. Headquartered in Toyota City, Japan, Toyota has been making cars since 1937. Today, Toyota proudly employs 370,000 employees in communities around the world. Together, they build around 10 million vehicles per year in 29 countries, from mainstream cars and premium vehicles to mini-vehicles and commercial trucks, and sell them in more than 170 countries under the brands Toyota, Lexus, Daihatsu and Hino. For more information, please visit www.toyota-global.com.
Source: Toyota Motor Corporation
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