India and Japan have decided to establish a Startup Hub in Bengaluru to facilitate startup collaboration and two-way investment.
The idea for India-Japan Startup Hub was conceived in 2017 through a joint statement between Narendra Modi, Prime Minister of India and Shinzo Abe, Prime Minister of Japan to establish an India Japan Startup Hub, which will serve as a platform for promotion of information exchange, business collaboration and investments between the vibrant and innovative startup ecosystems of two countries.
Speaking at the seminar, Minister of Economy Trade & Industry of Japan, Hiroshige Seko highlighted the initiatives to be taken up through Japan-India Startup Hub as an interface to Indian start-ups, and new-age innovation companies.
He also elaborated upon Japan’s market potential for Indians start-ups to strategize their business plans in alignment with the Japanese market.
K. Natarajan, Member, Chairmen Council, NASSCOM said, “The digital revolution has ushered in a wealth of opportunities for co-innovation and co-creation between Indian and Japanese start-ups that are brimming with new ideas. We look forward to being part of the bilateral legacy that they will create.”
Hiroshige Seko said, “Under the flagship initiative of ‘Startup India’, I would like Indian startups, who have strength in software, to work together to tackle challenges in Japan. At the same time, I would like Japanese companies to consider investing in Indian startups. By this two-way investment, I would like to build up cooperation for mutual benefit. To realize this, we have decided to establish a ‘startup hub’ here in Bengaluru, for the first time in the world, as an interface to facilitate startup collaboration and two-way investment.”