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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

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"


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,...

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