Investing in Happy Neko-chan Wan-chan Corporation to Connect a Better Future for Cats and People Through an FECV Eradication Drug
Miraidoor Corporation (Headquarters: Minato-ku, Tokyo; Chairman and President: Daisuke Sawada; hereinafter "Miraidoor") announces that it has made an investment through the Howa Startup and Business Succession Support Investment Limited Partnership (hereinafter "Howa Startup and Business Succession Support Fund"), which it established jointly with Howa Bank Ltd. (hereinafter "Howa Bank"), in Happy Neko-chan Wan-chan Corporation (Headquarters: Oita City, Oita Prefecture; President: Shigeru Matsuoka; hereinafter "Happy Neko-chan Wan-chan"), a company developing a drug to eradicate feline enteric coronavirus. This funding support will be provided in cooperation with the "Oita VC Success Fund No. 7 Investment Limited Partnership" operated by Oita Venture Capital Corporation, a subsidiary of Oita Bank Ltd. Regional financial institutions within Oita Prefecture will collaborate to support the company's growth. ◆About the Investee Company Happy Neko-chan Wan-chan is a university-launched startup developing a drug to eradicate feline enteric coronavirus (hereinafter, FECV), based on research achievements from Oita University and Kitasato University. FECV is a virus estimated to infect about 40% of domestic cats, and if left untreated, the infection can potentially lead to feline infectious peritonitis (hereinafter, FIP), a fatal disease. Currently, there are no officially approved effective treatments or vaccines for FIP domestically or internationally, making it the third leading cause of death in cats. Through the practical application of an FECV eradication drug that targets FECV in the intestines and eradicates it before it mutates into FIP, Happy Neko-chan Wan-chan aims to realize a better future for cats and people.
◆About the Howa Startup and Business Succession Support Fund The Howa Startup and Business Succession Support Fund is Miraidoor's first regional revitalization fund in the Kyushu region, established jointly with Howa Bank, with the purpose of contributing to startup support, business succession support, and regional revitalization. It targets small and medium-sized enterprises headquartered or with bases in Howa Bank's business area (primarily Oita Prefecture) for investment. Led by Howa Bank's dedicated support division, the Solution Support Department, the fund utilizes deep, regionally rooted networks to provide running support to companies operating within the region according to their challenges. Furthermore, support organizations that have concluded cooperation agreements with the fund, such as the Oita Industrial Creation Organization (Oita Startup Center) and the Oita Business Succession Support Center, will provide back-office support to the investee companies. In March 2024, to further expand support for startups active in Oita Prefecture, the total fund amount was increased and the fund period was extended. ◆About Miraidoor The company engages in "Regional Revitalization Funds" to support local venture companies, "CVC Funds" to promote open innovation in operating companies, and "Theme-based Funds" that set specific investment areas to support industry revitalization. In addition to providing capital, it also offers support such as business development, human resource development, and business consulting for long-term business continuity.
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