Establishment of “Hokuyo SDGs Promotion Fund №3” to address investment needs of startups

Hokuyo Bank and Hokkaido Co-Creation Partners have established the “Hokuyo SDGs Promotion Fund №3” (hereinafter “Fund №3”) as a successor to the “Hokuyo SDGs Promotion Fund №2” (hereinafter “Fund №2”).

Performance of Fund №2

Fund №2 was established in June 2022 with the aim of contributing to Hokkaido’s sustainable development by solving regional business challenges through funding companies that align with SDGs concepts. Over 2 years and 4 months, the fund invested approximately 400 million yen in 21 companies, primarily startups, achieving notable results in promoting entrepreneurship, employment, and economic growth in Hokkaido.

Background of New Fund Establishment

With the government’s 5-year startup development plan and the launch of Startup Hokkaido, momentum for startup support has been increasing. Fund №2 utilized its full capacity over 2 years and 4 months. As startup creation and funding needs are expected to continue, and as a regional financial institution, we need to maintain our support, we have established Fund №3.

Hokuyo Bank will continue to support the revitalization of Hokkaido’s economy and the growth and development of local companies through investments from this fund.

From Fund №3, to achieve group synergy effects, the fund management company has been designated as Hokuyo Bank’s subsidiary, Hokkaido Co-Creation Partners. Until now, this role was handled by the Hokkaido 21st Century Research Institute (Sapporo).

Fund №3 Overview

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