On the 27th, Minister of Economy, Trade and Industry Hagita, who is visiting the United States, visited universities and companies in Silicon Valley where start-up companies that create innovative businesses gather, and dispatched about 1,000 Japanese entrepreneurs over the next five years. We have announced a policy that will lead to strengthening our competitiveness.
On the 27th, Minister of Economy, Trade and Industry Hagita visited Silicon Valley, California, which is famous for many start-up companies.
He first visited a research facility at Stanford University, which produces many entrepreneurs, and was briefed on the current situation in which the university connects students with pharmaceutical companies and works on the development of new drugs.
Since its inception in 2006, more than 50 start-ups have already been created, making it one of the sources of competitiveness in the American economy.
For these reasons, Minister Hagiuda has significantly expanded support measures for dispatching new business managers of Japanese entrepreneurs and companies to Silicon Valley after the inspection, and in the five years until 2027, the number of people will be 1,000, which is 10 times larger than before. Announced the policy of dispatching.
This support measure aims to foster entrepreneurs by exchanging opinions with local business owners and investors about their own business plans in Silicon Valley, and we hope to strengthen the competitiveness of the Japanese economy. ..
After the visit, Minister Hagiuda said, "If 1000 entrepreneurs bring back the dynamism of Silicon Valley, the landscape of Japanese startups should change completely."