Viling Venture Partners, the investment arm of Japanese educational business company Viling Holdings, and human resource company Slogan jointly launched startup acceleration program ‘Slogan Viling Ventures‘ on Friday.
The first batch of the program will start at the end of this month. Qualified startups or entrepreneurs can participate in the program for three months, and their demo day will take place in late October.
Villing Holding CEO Shuhei Morofuji explained why they launched the program:
The education industry has big room to improve with information technology. As we understand, education is to encourage people to keep living actively together with our society. However, many public and private education initiatives are making efforts toward an unintended direction.
We are developing several approaches to make the Japanese educational system much better, including launching our own kindergartens or schools and developing educational products. Through this development process, we learned many players want to disrupt this industry using information technology. By supporting them, we will have a greater impact on the market. That’s why we launched Viling Venture Partners.
Participants can obtain the following benefits by participating in the acceleration program:
- Up to 200,000 yen ($2,000) grants
- Complimentary usage of a co-working space
- Support for hiring new people
- Access to advisors, mentors, and other talented people
- Experience and knowledge for scale-up your business from scratch
- Polishing up an educational business plan, introducing potential partners
- Advice for global business expansion
They will take a hands-on approach rather than funding in helping startups and entrepreneurs, but we understand that Slogan Viling Ventures may invest in high-profile startups at the time of the demo day opportunity.
This acceleration program is intended for Japanese startups and entrepreneurs who are developing services for the Japanese market. The application deadline for the first batch is July 25, 2014.