Kamakura, Japan ‒ November 26, 2014 ‒ 16Lab, developer of wearable device OZON™, today announced that it has closed a round of seed funding from “GB-V Growth Fund Investment Limited Partnership” managed by Global Brain Corporation. In advance of this, the company has converted from 16Lab LLC to 16Lab Inc.
In tandem, the “R&D Venture Support Program” sponsored by New Energy and Industrial Technology Development Organization (NEDO) has confirmed its support of 16Lab Inc.
|GB-V Growth Fund Investment Limited Partnership|
|General Partner:||Global Brain Corporation|
|Major Limited Partner:||Innovation Network Corporation of Japan (JPY10Bn)|
|Operation Amount:||Approx. JPY15Bn|
|New Energy and Industrial Technology Development Organization (NEDO)|
|Foundation:||Originally established as a semi-governmental organization on October 1, 1980; reorganized as an incorporated administrative agency on October 1, 2003|
|Mission:||Combining the efforts of industry, government and academia and leveraging established international research networks, NEDO is committed to contributing to the resolution of energy and global environmental problems and further enhancing Japan’ s industrial competitiveness.|