JIC announced on 4th December 2024, that it has decided to require the investees to establish a Code of Ethics and Conduct (eight items) and Anti-Harassment Policy (10 items) in its role as a public-private fund for strengthening governance and promoting DE&I in the startup ecosystem and investment industry. The LP investment in RTF4 is the first investment which fulfils these requirements since the announcement.

JIC’s mission is to create a virtuous cycle of risk capital that supports the next generation of domestic industries by providing funds to help companies grow and strengthen their competitiveness through open innovation, promotion of private investment, and the development of investment professionals. To achieve its mission, JIC invests in policy-relevant strategic business areas through LP investments in funds under JIC’s umbrella and in private funds.

For more startup news, check out the other articles on the website, and subscribe to the magazine for free. Listen to The Cereal Entrepreneur podcast for more interviews with entrepreneurs and big-hitters in the startup ecosystem.