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Start-ups challenge Japan’s risk aversion


A wave of start-ups is emerging in famously risk-averse Japan as cash-rich corporations increasingly delegate the task of keeping pace with technologies such as artificial intelligence and robotics to smaller, nimbler businesses.

Japan has been dry ground for start-ups, given the shame that entrepreneurs and investors associate with failure, but it is on track for a record funding year for unlisted start-ups, exceeding the dot-com bubble of 2000, according to a private research firm.

“The fundraising environment has improved a lot compared with a few years ago,” said Ken Tamagawa, 40-year-old CEO of Soracom, which helps companies set up platforms allowing devices to communicate with each other via the “Internet of Things”.

It raised 3 billion yen ($US25.6 million) from Mitsui

Dozens of companies, including electronics maker Omron Corp and real estate developer Mitsui Fudosan, have set up venture capital funds to seek returns or te…

Read the full article at: http://www.news.com.au/finance/business/breaking-news/startups-challenge-japans-risk-aversion/news-story/3f3525cd1900059bd11fe6e799e68476

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