Tokyo Metro Govt Selects 2nd Manager for GX Innovation Fund, Establishes New Fund

Tokyo Metropolitan Government announced the selection of BUILD Inc. as the second operator for the 'GX Innovation Promotion Support Fund'. This fund aims to support startups with innovative ideas and deep tech contributing to Green Transformation (GX). The new fund, 'BUILD No. 1 Investment Limited Partnership', was established in March 2026 with a target scale of 8 to 10 billion yen. The Tokyo Metropolitan Government has already invested 2 billion yen into the fund, completing the process in May 2026. The fund will target startups in deep tech sectors such as decarbonization, environment, semiconductors, quantum, and space. BUILD Inc., a newly established VC, aims to support deep tech startups from pre-founding, providing hands-on support for organizational structure and business tie-ups. The fund period spans 15 years until March 2041. This initiative supports the '2050 Tokyo Strategy' to foster globally active startups.