Japan needs to provide more policy support if it wants to achieve its goal of increasing startup funding by tenfold, according to the architect of a global network of startup hubs.
“I think the direction is correct, and Japan has already put in motion some strategies,” said Tim Rowe, founder and executive chair of Cambridge Innovation Center (CIC), which operates shared offices and workspaces in cities around the world.
Japan said in 2022 that it wanted total investment in startups to reach ¥10 trillion ($63 billion) a year by 2027, from just under ¥1 trillion.