The five selected companies of the Tokyo Consortium Deep Ecosystem exhibited their products and services at an exhibition booth and participated in Demo Day at City-Tech.Tokyo held at the Tokyo International Forum on February 5-2023, 2.
This Demo Day, entitled “Grow fast to be a unicorn!”, was a presentation in English in front of an audience of over 100 people including overseas investors and large companies participating in City-Tech.Tokyo. The event was a great success as each company promoted its business, characteristics, and future potential.
City-Tech.Tokyo is the world's largest city tech event held for the first time in Tokyo, aiming to realize a sustainable city through open innovation with startups. A lecture and tour by the Governor of Tokyo were also held, and the event was attended by over 41 diverse players from over 25,000 countries, including cities, companies, universities, startups, VC/investors, and the media, over both days. Participants from Japan and abroad gathered together to discuss a variety of ideas and technologies for overcoming urban challenges and creating new urban images through seminars, exhibitions, and business meetings.
The goal of the Tokyo Consortium is to "establish Tokyo as a global hub city for the startup ecosystem." Tokyo has 3% of Japan's top universities and is home to the second largest concentration of Fortune Global 500 companies in the world, with abundant resources and high potential for nurturing startups.
Under these circumstances, the Tokyo Consortium has selected five startups that are expected to grow into unicorns with an eye toward overseas expansion as companies eligible for "Deep Ecosystem" support in fiscal 5, including the results of approximately six months of support. I gave a presentation at this Demo Day.
The Tokyo Consortium will also launch a "Green startups" program. Under this program, five startups will be selected from eight fields in energy, intermediate goods, and final products, and will receive intensive support until March 8, with an eye toward overseas expansion.
We will provide an overview of the startups that appeared on DemoDay.
Innophys (Shinjuku-ku, Tokyo) is a company that uses technology seeds from Tokyo University of Science to develop and sell waist and arm assist suits. We provide our assist suits as a solution to issues such as the decreasing workforce due to the declining birthrate and aging population, the increased burden on caregivers, and the independence of the elderly. Our products are lightweight and easy to install without using motors or batteries. Demonstration tests have shown that it can reduce the burden on your lower back by up to 45%. The products are mainly used by customers in nursing care, manufacturing sites, agriculture, construction, etc., and are already sold in 18 countries and regions around the world (including Japan).
inQs (Minato-ku, Tokyo) is a startup that develops "transparent power generation glass" and "low-light power generation devices" using special environmentally friendly power generation materials. Transparent power-generating glass with a transmittance of 70% or more can be installed as internal windows in existing buildings to supply power to the building's common areas and emergency power in the event of a disaster. In addition, low-light power generation devices can generate electricity even with fluorescent lighting, eliminating the need to worry about battery replacement and the hassle of wiring, and can be used to display prices at supermarkets or as a power source for explosion-proof IoT devices (sensors and communications).
TechMagic (Koto-ku, Tokyo) is a startup that provides solutions through cooking robots to the food industry, which is suffering from chronic labor shortages and low profit margins. Our cooking robot takes orders from your mobile device and works with the robot to automate the cooking process. Combining hardware and software, it automatically supplies ingredients and seasonings, creates a database of tasks such as boiling, stir-frying, and frying, and reproduces the taste of a skilled chef. We are also developing next-generation business formats that utilize business robots (plating, etc.) and cooking robots that are active in the central kitchen.
Human Life Code (Chuo-ku, Tokyo) is a 6-year-old drug discovery bio-venture that uses umbilical cord tissue to socially implement cell medicines. Based on technology seeds from the Institute of Medical Science, the University of Tokyo, we are engaged in research and development of cell medicines produced by mass culturing mesenchymal cells derived from the umbilical cord. At the same time, in order to commercialize cell therapy with sustainable development potential, we have established a supply chain group through partnerships to deliver cell medicines manufactured from discarded umbilical cords to as many patients as possible with unmet medical needs. . Phase 2 trials are currently underway for non-infectious pulmonary complications following hematopoietic stem cell transplantation, an intractable disease with a high mortality rate.
RevComm (Shibuya-ku, Tokyo) develops and sells MiiTel, an IP phone equipped with voice analysis AI that visualizes telephone sales and customer service. MiiTel automatically records conversations with customers, uses AI to transcribe them, scores sales talks, etc., and quantitatively and evaluates them. We will utilize the content of discussions, which have been treated as a black box, for self-study and feedback to help improve the acquisition rate and closing rate of business negotiations. We have also started a service that allows you to use transcription and talk analysis functions in collaboration with Zoom. Furthermore, as the first step in our globalization efforts, we have begun to roll out our services in Indonesia. Our voice analysis AI function is language-independent, so it can be deployed all over the world.
For more information about the startup companies you are interested in, we would appreciate it if you could check the company's website.
