Founded in 2001, Innovation Engine primarily invests in startups in the range of $1-5 million, with an average startup value of $10-50 million. The fund has a particular interest in Artificial Intelligence and Manufacturing sectors. It typically invests in rounds with 3-4 other investors and has been actively involved in the promotion and growth of promising technology-driven businesses. Some of its notable portfolio startups include Hacarus and PicoCELA Inc. While Innovation Engine is a key player, other notable investors in these startups include Future Venture Capital, Dai-ichi Kangyo Credit Cooperative, and Senshu Ikeda Capital.