PCA (TYO:9629) has established a corporate venture capital fund and a wholly owned subsidiary to manage it, as part of its efforts to spur new business development, according to a Monday filing on the Tokyo Stock Exchange.

The new fund, ICP-1 Investment Limited Partnership, was set up on April 1 with a size of 2 billion yen and a 10-year investment horizon. It will target startups with advanced technologies and innovative business models that align with PCA's strategic interests.

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