Nomura joins varsity to invest in startups

Seattle

JAPAN'S quest to gain ground in venture capitalism has brought together its oldest university and biggest brokerage.

Keio University and Nomura Holdings Inc are teaming up to raise 10 billion yen (S$120 million) over the next 10 years to invest in startups, said Kotaro Yamagishi, chief executive officer of a joint venture that's running the project.

Keio Innovation Initiative Inc, formed in Decem…