23 May 2018 --- Innovation Network Corporation of Japan (INCJ) and Mitsubishi Corp. (MC) have announced a joint investment in microalgae company Tavelmout through the acceptance of a third-party allocation of shares by Tavelmout. The total investment amounts to 1.7 billion yen (US$15.47 million), evenly split between INCJ and MC. Through their participation in Tavelmout, a company aiming to mass produce and popularize spirulina, MC and INCJ are seeking to contribute to the diversification of sustainable protein sources.
