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Innovation

In recent years, Japan has established initiatives centred on the advancement of innovation in response to increasing global competition and the growth of emerging countries. Innovation is seen as the key to economic success in the country, given the scarcity of natural resources and its rapidly ageing population. A renewed focus on achieving this in both the private and public sectors makes Japan a promising place for European enterprises in the coming years.

About Innovation

Innovation is seen as the key to economic success in the country, given the scarcity of natural resources and its rapidly ageing population. A renewed focus on achieving this in both the private and public sectors makes Japan the ideal market for European companies to enter.

Clusters

From the early 2000s to 2020, the MEXT and the METI actively promoted the “Knowledge Cluster Initiative” and the “Industrial Cluster Project” as a means to reinforce international competitiveness and regional development and accelerate the formation of clusters.

Research & Development

Japan’s reputation as an international hub for R&D has been established through heavy investment in this area, making the country a key destination for the establishment of cutting-edge R&D centres.

Start-up

The several policies and support programs provided by the government, the assistance of angel investors and crowdfunding and the openness of major corporations to support the start-up market, create increasing opportunities for European start-ups to flourish in the Japan market.