Corporate Japan to launch a consortium to create new businesses
consortium to create new businesses

It is reported that a consortium called “InnovationTech Consortium” launches in Japan on April 15 2019. In this consortium, the member companies share and exchange information on technologies and know-hows that lead to new businesses. Reportedly, more than 40 Japanese companies will participate in the consortium at first, which include Toyota, All Nippon Airways, Asahi Group, ITOCHU, Takeda Pharmaceutical, Sumitomo Mitsui Banking, and Dentsu, which are all Japanese leading companies. They expect 100 companies to join the consortium by 2020. Also, they will not prevent their competitors from joining the consortium. In the consortium, a company shares a business model and/or technologies under consideration, and other companies having an interest in […]