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New startup wave challenges Japan's aversion to risk

Cash-rich corporations are increasingly delegating task of keeping pace with technologies to smaller businesses

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Mr Yoon, CEO of Life Robotics, managed to raise 1.5 billion yen this year for his company, which developed a robotic arm called "CORO"

Tokyo

A WAVE of startups is emerging in famously risk-averse Japan as cash-rich corporations increasingly delegate the task of keeping pace with technologies such as artificial intelligence (AI) and robotics to smaller, nimbler businesses.

Japan has been dry ground for startups,

sentifi.com

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