Incubate Fund held its 19th Incubate Camp on October 29 and 30, 2025. The two-day residential program paired 16 selected founders with partner-level venture capitalists. sa-mo Inc. won the overall competition.
Overall rankings
The first-place company sa-mo produces, processes, and sells farmed domestic salmon. SolaNika placed second for its laser-based optical wireless power supply technology. Quick placed third for AI and robotics systems used in medical infrastructure.
Other awards
Best growth awards went to Ur AI and Yamato Infrastructure Robotics. sa-mo also took the sponsor and audience award and the JERA award. Mori Building, HATARABA, and Dentsu gave corporate awards to Cataris, YAMASTRO, and Real Touch, respectively.
About the program
Incubate Camp is a residential event for seed and early-stage founders. Participants work with guest VCs to sharpen business plans and pursue fundraising. Companies from the 13th through 18th editions raised over 500 billion yen after attending.
Incubate Fund will keep running events and study sessions for founders. Future event information will be shared through its Zero to Impact Magazine. The firm focuses on seed-stage investment and support.