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The , headquartered in Tokyo, is a public-private partnership between the Japanese government and 19 major corporations.

The INCJ was established as a temporary (15 years) corporate entity on July 27, 2009; with the prime objective of "boosting the competitiveness of Japanese firms by promoting a philosophy of 'open innovation' and creating next-generation businesses in promising new technologies by providing capital and managerial support, through private-public partnership."

The business and investments of INCJ are supervised by the Ministry of Economy, Trade and Industry of Japan (METI).