Overview

The five companies selected for the Tokyo Consortium Deep Ecosystem participated in product and service exhibitions at booths and the Demo Day held within City-Tech.Tokyo at the Tokyo International Forum on February 27-28, 2023.
Titled "Grow fast to be a unicorn!", this Demo Day featured presentations in English before an audience of over 100 attendees, including overseas investors and major corporations participating in City-Tech.Tokyo. The companies successfully showcased their businesses, unique features, and future potential, making the event a resounding success.

City-Tech.Tokyo: Tokyo's First and World's Largest City Tech Event

City-Tech.Tokyo is the world's largest city tech event, first held in Tokyo to realize sustainable cities through open innovation with startups.The event featured a keynote address and inspection tour by the Governor of Tokyo. Over the two days, it welcomed over 25,000 diverse participants from more than 41 countries, including cities, corporations, universities, startups, VCs/investors, and media. Attendees from around the world gathered to discuss diverse ideas and technologies for overcoming urban challenges and creating new urban visions through seminars, exhibitions, and business meetings.

Tokyo Consortium Deep Ecosystem

The Tokyo Consortium's goal is to "establish Tokyo as a global hub city for the startup ecosystem." Tokyo possesses abundant resources for nurturing startups and holds significant potential, boasting 30% of Japan's top universities and the world's second-highest concentration of Fortune Global 500 companies.

What is the Tokyo Consortium?

Under these circumstances, the Tokyo Consortium selected five startups expected to grow into unicorn-level companies with an eye toward overseas expansion as recipients of its 2022 "Deep Ecosystem" support program. These companies presented at this Demo Day, showcasing the results of approximately six months of support.

Five Startups Selected for the 2022 Deep Ecosystem Program

The Tokyo Consortium will newly select and support green startups.

The Tokyo Consortium will also launch its "Green Startups" program. This program will select five startups from eight sectors—energy, intermediate goods, and end products—and provide intensive support through March 2024, with an eye toward overseas expansion.

Green Startup Selection and Support Program

Introducing the 5 Companies Presenting at Demo Day

Below is an overview of the startups that presented at DemoDay.

Inophis

Innofis (Shinjuku-ku, Tokyo) is a company that develops and sells assistive suits for the waist and arms, utilizing technology seeds originating from Tokyo University of Science. We provide our assistive suits as solutions to issues such as the shrinking workforce due to declining birthrates and an aging population, increased burdens on caregivers, and promoting independence for the elderly.Our products are characterized by being lightweight and easy to wear, without using motors or batteries. Field tests have shown they can reduce back strain by up to 45%. Our customers primarily use them in caregiving, manufacturing, agriculture, construction, and other fields. They are already sold in 18 countries and regions worldwide (including Japan).

inQs

inQs (Minato-ku, Tokyo) is a startup developing "transparent power-generating glass" and "low-light power-generating devices" using environmentally friendly special power-generating materials.With a transparency rate exceeding 70%, the transparent power-generating glass can be installed as interior windows in existing buildings, supplying electricity for common areas and providing emergency power during disasters. Furthermore, the low-light power generation device can generate electricity even under fluorescent lighting, eliminating the need for battery replacement and wiring hassles. It can power supermarket price displays and explosion-proof IoT devices (sensors and communication equipment).

TechMagic

TechMagic (Koto Ward, Tokyo) is a startup providing solutions to the food industry, which struggles with chronic labor shortages and low profit margins, through cooking robots.Our cooking robots automate food preparation by linking mobile device orders with robotic systems. Integrating hardware and software, they automate ingredient and seasoning supply while database-managing tasks like boiling, stir-frying, and deep-frying to replicate the flavors of skilled chefs. We also develop next-generation business models utilizing service robots (for plating, etc.) in central kitchens and cooking robots.

Human Life Code

Human Life Code (Chuo-ku, Tokyo) is a drug discovery biotech venture in its sixth year of operation, focused on the social implementation of cell-based therapeutics utilizing "umbilical cord tissue (umbilical cord)." Based on technological seeds from the University of Tokyo's Institute of Medical Science, we are engaged in the research and development of cell-based therapeutics manufactured through the large-scale cultivation of umbilical cord-derived mesenchymal cells.Simultaneously, to realize sustainable cell therapy, we have established a supply chain through partnerships to deliver cell-based therapeutics manufactured from discarded umbilical cords to as many patients as possible with unmet medical needs. Currently, a Phase 2 clinical trial is underway for a highly fatal, intractable disease: non-infectious pulmonary complications following hematopoietic stem cell transplantation.

RevComm

RevComm (Shibuya-ku, Tokyo) develops and sells MiiTel, an IP phone equipped with voice analysis AI that visualizes sales calls and customer interactions. MiiTel automatically records conversations with customers, transcribes them using AI, and scores and evaluates sales pitches and other elements quantitatively.It transforms previously opaque sales conversations into actionable insights for self-learning and feedback, boosting deal win rates and closing percentages. The company has also launched a service enabling transcription and conversation analysis features through Zoom integration. Furthermore, as its first step toward global expansion, it has begun service deployment in Indonesia. Our voice analysis AI is language-independent, enabling worldwide deployment.

For details on the startups that have caught your interest, we encourage you to visit each company's website.