Creating New Knowledge and Innovation for Life Science, Accumulator of Academic and Venture Capital from Japan and Overseas
Tokyo, Japan, December 14, 2020 - Mitsui Fudosan Co., Ltd., a leading global real estate company headquartered in Tokyo, has been working with Life Science Innovation Network Japan (LINK-J) to build an ecosystem to create new industries in the life science sector. Recently, as one aspect of that, GLOBAL LIFE SCIENCE HUB opened on the 7th Floor of Nihonbashi Muromachi Mitsui Tower as a new base accumulating life science players not only from Japan, but globally. This base, which will become the base for Mitsui Fudosan's life science, is the 10th base in Nihonbashi, Tokyo.
Mitsui Fudosan and LINK-J have linked various players in the life science domain and promoted innovation creation centered on Nihonbashi, Tokyo, by LINK-J's "Community Building" and Mitsui Fudosan's "Location Establishment" and "Capital Investment." As one aspect of location establishment, life science bases have been set up in 9 places in the Nihonbashi area of Tokyo and in one location near the Doshomachi area of Osaka. Furthermore, as part of community building, efforts are being made to connect academia from Japan and overseas with life science groups in such ways as inviting to events life science players such as renowned researchers from places that have signed memorandums of understanding regarding collaboration such as UC San Diego, the University of California in Los Angeles (UCLA) and Oxford University Innovation and venture capital companies. Going forward, collaboration with overseas will be further strengthened and focus placed on promoting global interaction and collaboration among life science players including academia and venture capital.
By promoting global collaboration in the life science domain, Mitsui Fudosan and LINK-J will reinforce construction of an ecosystem and contribute to further creation within the life science domain.
|Nihonbashi Muromachi Mitsui Tower||View of the facility interior and communication lounge|
Mitsui Fudosan has advanced the Nihonbashi Revitalization Plan in unity with the private sector, public sector and local community under the development concept of "preserving and revitalizing the heritage while creating the future." Mitsui Fudosan has advanced neighborhood creation to realize the vision of the Nihonbashi Revitalization Plan since in entered its 3rd stage from 2019, promoting three priority initiatives of river and waterside regeneration, a focus on tomorrow's innovative industries and a vital and welcoming international stage under the development concept of understand, collaborate, communicate. Particular concentration is being made on the life science domain as an initiative for a focus on tomorrow's innovative industries. From a base in Tokyo's Nihonbashi, a neighborhood lined with medical wholesalers since the Edo period, Mitsui Fudosan has joined with LINK-J to create places and opportunities for innovation to assemble a wide array of players.
As one aspect of these activities Mitsui Fudosan has up until now established life science bases in nine places in the Nihonbashi area of Tokyo and a base in one location near the Doshomachi area of Osaka. The Global Life Science Hub to open on the 7th floor of the Nihonbashi Muromachi Mitsui Tower will be the 10th base in the Nihonbashi, Tokyo, area. It will be a facility equipped to accommodate global needs and include English-speaking receptionists, with the goal to promote global collaboration.
|The 10 Bases in Nihonbashi, Tokyo||The 1 base near Doshomachi, Osaka|
GLOBAL LIFE SCIENCE HUB will be a place to accumulate life science players, particularly among academia and venture capital companies from Japan and overseas.
Among domestic academia, decisions to use the base have been made by Tohoku University Tohoku Medical Megabank Organization, Tohoku University Head Office for Open Innovation Strategy and Tohoku University Knowledge Cast Co., Ltd. All organizations aim to create innovations with significant social impact and Nihonbashi has been positioned as a strategic base to promote participation by various players, including industries.
Moreover, for academia from overseas, this base is equipped with a function called an "open seat," which enables it to be used in place of an office when people from overseas are on business trips. From overseas academia, UC San Diego has decided to use the base. Going forward, focus will be placed on attracting academia to promote life science innovation such as this.
Tohoku University Tohoku Medical Megabank Organization
The organization was established as an initiative to recover from the Great East Japan Earthquake. It builds future-style medical care and while striving to rebuild community medical care and supporting health in areas affected by the earthquake, built a biobank combining information on medical care and genomes and creates new medical care based on the results of analysis of that genome information to promote industry-academia collaboration, create employment in related fields and medical reconstruction.
Tohoku University Head Office for Open Innovation Strategy
Promotes formation of a "co-creation site (MASAMUNE-TOI) (tentative name)" as an on-campus base for companies' activities and develops open innovation based on an original Tohoku University Business-University-Business collaboration model (an innovation ecosystem formation-type collaboration model with the university as a platform and multiple companies taking part).
Tohoku University Knowledge Cast Co., Ltd.
Aims to contribute to the creation of new social value through the fusion of Tohoku University's various types of "knowledge," including results of original research and industries' innovative capabilities continually taking on the challenges of innovation to respond to environmental changes.
Already three venture capital companies from Japan and overseas have become tenants
Life Science venture capital companies that will become flagships are being invited to the project and more renowned venture companies will be sought in the future. The domestic venture capital companies are MedVenture Partners, Inc., which is vigorously engaged in activities to create innovative medical devices from Japanese ideas and technologies effective globally, and Healthcare Innovation Co., Ltd., which finds, invests, and grows as a "health care-related venture company paving the way for the future" to be a leader in the next-generation healthcare industry.
From overseas, the tenant is Newton Biocapital, which was established in Belgium and has invested with a concentration on biotechnology and life science projects related to prevention and treatment of chronic patients in Japan and the main countries of the European continent. The plan is to increase overseas tenants in the future as well for the inflow of overseas capital and to promote the development of overseas biotech in Japan.
Attracting more academia and venture companies from Japan and overseas will continue progressing to promote connection of seeds from academia with funding from venture capital.
GLOBAL LIFE SCIENCE HUB is equipped with facilities to facilitate interaction inside and outside the organization, and eventually within Japan and overseas, and will function as a place to connect to the creation of new knowledge and innovation centered on life science. LINK-J's events and programs will be set up to provide opportunities for academia and venture capital companies from Japan and overseas to interact. LINK-J member tenant companies can use other life science bases and also take part in the various types of events and programs that LINK-J provides.
・Function as a place for interaction, where tenants and J-LINK members can freely exchange opinions regardless of research field or affiliation
・Available for short meetings or work and can be reserved by tenants for informal gatherings or parties
・Tokyo and Osaka can be connected simultaneously, making it like a conference room
・Tokyo and Osaka can be connected simultaneously, be used as for events that are a hybrid of participants with an online and physical presence and functions as a place for communicating information
・Can be used for a variety of different types of business situations, including results announcements
・Maximum capacity of 70 people (110 maximum if used in theater format), tenants can make priority reservations
・Can be used only by tenants, with 5 rooms from 8-people to 12-people rooms
・ Some rooms are equipped with a teleconference system, enabling meetings with distant bases
・ Plans are to equip one room to enable it to hold telephone conferences
Meanwhile, equipment has been prepared for use in a variety of scenarios with equipment needed for business such as office furniture and Wi-Fi preset, and options ranging from a personal booth, which can be chosen responding to the size of a group, through to open desks, which can be used from a single desk and utilized flexibly in a variety of situations, and open seats that enable interactions about cutting-edge expertise and knowledge among people from academia within and outside of Japan.
|Personal Booth||Open Desk||Open Seat|
|Location||7th Floor Nihonbashi Muromachi Mitsui Tower, Nihonbashi Muromachi, 3-2-1, Chuo-ku, Tokyo|
|Total floor area||15733.28 ft2（1461.67㎡）|
|Usable starting||December 14, 2020|
|Access||Directly connected to Mitsukoshi-mae Station on Tokyo Metro Ginza Line/Hanzomon Line Directly connected to Shin-Nihonbashi Station on JR Yokosuka Line/JR Sobu Line 9-minute walk from Kanda Station on JR Chuo Line/Yamanote Line/Keihin-Tohoku Line 9-minute walk from Tokyo Station on various JR lines