fbpx

AsiaTechDaily – Asia's Leading Tech and Startup Media Platform

  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Investors’ interviews
    • Founders’ interviews
  • Governments
  • Startup Program
  • Events
  • Lists
Menu
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Investors’ interviews
    • Founders’ interviews
  • Governments
  • Startup Program
  • Events
  • Lists
Submit Article
Governments13 Nov 2023 10:26

Japan Launches Silicon Valley Hub for Startups: Innovation Campus in Palo Alto

by Chan-yeol
Bookmark (0)

Please login to bookmark

No account yet? Register

Japan has opened a new base for Japanese startups in Palo Alto, California. The Ministry of Economy, Trade, and Industry held an opening ceremony on the 12th. It is its first base in Silicon Valley, a pivotal hub for the global information technology industry. 

The support base, situated in a two-story building near Stanford University in the heart of Palo Alto, is set to be fully operational by the end of the year. The strategic location aims to facilitate collaboration with local entities such as companies, venture capital firms, and research institutions. 

With a focus on industry-academia-government collaboration, the base will play a key role in supporting Japanese startups’ overseas expansion efforts. The newly inaugurated base, “Japan Innovation Campus,” is set to host offices for five startups, providing them with a dedicated space to operate. Around 50 venture capital and other companies will also utilize the coworking space within the facility. 

The center’s services will extend to conducting research and facilitating introductions to investors for a conducive environment for young entrepreneurs in the competitive Silicon Valley landscape.

Yasutoshi Nishimura, Minister of Economy, Trade and Industry, who attended the opening ceremony, said, “It is important for the young generation to go out into the world. The new base in Silicon Valley, which has the world’s most advanced startup ecosystem, will be a bridge between Japan and the United States,’ he said.

This collaborative environment is designed to offer startups valuable advice, introduce potential business partners, and provide essential support services, including legal assistance. 

The initiative is a part of the Kishida administration, which aims to foster entrepreneurship and innovation through its five-year plan, involving deploying around 1,000 individuals overseas to support and nurture emerging entrepreneurs.

Japanese industry minister Yasutoshi Nishimura emphasized the importance of the new base, stating that it will serve as a major innovation facility for Japan. Encouraging young individuals to take bold risks and contribute to positive change, 

Mr. Nishimura, currently in the United States for the Asia-Pacific Economic Cooperation (APEC) ministerial meeting, attended the ceremony alongside local mayors. Emphasizing the importance of the newly established base in Palo Alto, California, Nishimura conveyed his vision for the facility to become a hub for young entrepreneurs to create innovations that have a transformative impact on the world.

In continuation of his visit to the United States, Mr. Nishimura will attend the Indo-Pacific Economic Framework (IPEF) ministerial meeting, commencing in San Francisco on the 13th. 

The IPEF involves collaboration among 14 countries, including Japan, the United States, and Australia. Established in May of this year, it focuses on strengthening supply chains and aims to secure broad consensus on various fronts, including decarbonization and trade facilitation. 


Read more:

  • Japan’s SBI Holdings Launches $663M Fund for Web3, AI, and Metaverse Startups
  • Japanese Regulator Plans to Double Crowdfunding Investment Cap for Retail Investors
  • Japan’s EdgeCortix Closes $20 Million Funding Round, Collaborates with Renesas Electronics
  • Breaking Barriers: Japan’s Startups Embrace Cryptocurrency Capital
  • Japan’s Five-Year Development Strategy unveils KANSAI Startup Night Vol. 4
Tags: JapanStartup policy

Similar Articles

Startup Program7 Dec 2023 5:19

Startups Shine at KB Financial’s ‘2023 HUB Day’ for Innovative Collaboration

More
Startup Program7 Dec 2023 12:07

PM Pham Minh Chinh’s Roadmap to Drive Vietnam’s Startup Ecosystem

More
Startup Program6 Dec 2023 4:53

T-Hub Launches Space Tech Incubation Program to Support India’s Spacetech Sector

More

Weekly popular posts

FinTech30 Nov 2022
Funding Societies hits THB1bn mark in loan disbursements to Thai SMEs
more
FinTech28 Nov 2022
Paycoin announces expansion into global crypto payments market, partnership with TripleA
more
FinTech29 Nov 2021
Grab leads latest funding round in Indonesia’s Bareksa
more
Events5 Dec 2019
ComeUp 2019 Comes To An End After A Successful 3-Day Event
more
Events4 Dec 2019
UNDP’s Global Innovation Initiative for Sustainable Agriculture
more

Topics

Menu
  • AI & Big Data
  • AR & VR
  • Blockchain
  • Clean Technology
  • Content & Games
  • Cybersecurity
  • Enterprise & SaaS
  • Gadgets & Electronics
  • Health & Bio

Program

Menu
  • Ecosystem
  • EdTech
  • Featured
  • FinTech
  • Investments
  • IoT
  • Marketplaces & E-commerce
  • Robotics
  • Transportation & Logistics

About

Menu
  • Home
  • Advertisement
  • Contact Us
  • Privacy Policy

Subscribe and be informed first hand about the actual economic news.

All the day’s headlines and highlights, direct to you every morning.

© 2023 asiatechdaily. All rights reserved.

We hope you enjoy our content, May you please give us Feedback regarding our website!

Single Post Feedback