KII IMPACT INVESTMENT
As a deep tech investment pioneer,
KII is fully committed to continued impact investing
with the aim of accomplishing its mission.
With a mission we express as “Let us help your research, your invention, your innovation change the world, ”
KII has invested in and provided support for academia-originated deep tech that works to use digital
technology to advance society and provide solutions in fields such as medical healthcare.KII has always been
at the forefront when it comes to impact-oriented investment activities.
In order to further accelerate our impact-oriented activities going forward, we will comply with global
standards and take a sincere and honest approach to impact measurement and management (IMM).In specific
terms, this means that in all stages from due diligence up to actual investment, we will work together with
startup investees to define a Theory of Change (ToC), a logic model, the five dimensions of impact, and
impact KPIs.
We shall continue to drive forward the incorporation into society of the excellent results achieved by the
universities and other such research institutions that Japan boasts.And at the same time as contributing to
society, we shall ensure a high level of profitability as a venture capital fund, and work to build a
sustainable innovation ecosystem.
Impact Investment Vision
Realize a society in which each and every person can live in health and happiness (a society whose citizens remain active throughout their lives)
For the third KII fund, we have created a Theory of Change (ToC) in line with global standards.Aiming for the ultimate results, we work to maximize financial returns and create impact.
*Health refers to a state of complete physical, mental and social well-being as defined by the WHO and not merely the absence of disease or infirmity.
Theory of Change (ToC) for the third KII impact fund
- Purpose
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Turn academic research and invention into a world-changing business
- Ultimate result
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Realize a society in which each and every person can live in health and happiness (a society whose citizens remain active throughout their lives)
- Investee contribution
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SDGs /
IIRIS ＋ perspective
Impact QOL improvement socioeconomic system transformation environmental protection Outcomes - Fulfillment of unmet medical needs
- Promotion of preventive healthcare, reasonable medical costs
- Fairer and streamlined healthcare
- Increased productivity and efficiency in industry and infrastructure
- Better environment for daily life and work
- Regional revitalization
- Development and spread of sustainable energy
- Reduced CO2
- Formation of circular economy
- Issues faced by society
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- Gap between average life expectancy and healthy life expectancy, increased strain on national and household finances due to growing medical and care costs, regional gap in healthcare technology
- Isolation of individuals due to aging, more nuclear families, and economic/information gap, decline in working age population and low productivity
- Deteriorating global environment and changes in climate (rising sea levels, impact on biosphere, damage to food, water, health, and the economy) due to global warming
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Design and management in compliance with international IMM
(Impact Measurement & Management)For our impact measurement and management, we follow the Operating Principles for Impact Management advocated by the International Finance Corporation (IFC), and refer in our design and management work to the Guidebook for Impact Measurement and Management created by the GSG Japan National Advisory Board Working Group on Impact Measurement and Management.
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The impact of investments is measured with the “five dimensions of impact”
When determining the validity of an investment and during monitoring, we employ the five dimensions of impact (what, who, how much, contribution, and risk) used by impact investors around the world to perform a multifaceted impact evaluation.
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“Logic model” designed for each and every investee
We create a logic model through discussions with our investees.Through this process, we verbalize the ultimate goal of the impacts envisioned by the investee, and the path to be taken toward this.
