Kyoto iCAP3 fund invests JPY 900 million in fusion startup Starlight Engine

• Kyoto University Innovation Capital invested about JPY 900 million in Starlight Engine, a newly formed fusion-energy developer.
• Starlight Engine was set up in April 2025 as a group company of Kyoto Fusioneering to lead the private-sector FAST project.
• The company targets a 2030s fusion power generation demonstration using a tokamak approach to manage cost and technical risk.
• Funding will support engineering design, R&D, site selection, regulatory work, supply-chain buildout, and organizational hiring ahead of plant construction.

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