Tokyo manga hotel makes virtue of sleepless nights
Few hotels in the world actively encourage guests to have sleepless nights, but a manga-themed establishment does just that — and it is proving very popular with Japanese and non-Japanese alike. The Manga Art Hotel in central Tokyo has developed a unique offering, with capsule-like ...
Robot-maker ZMP targets tractors, taxis and carts for elderly
Robot-maker ZMP Inc. is aiming to launch the first commercial level 3 automated bus operation in Japan at an airport in 2020. The Tokyo-based startup, which bills itself as the "robot of everything," has built a variety of contraptions ranging from delivery robots to autonomous ...
Interstellar Technologies delays launch of Momo-5 rocket in Hokkaido
Japanese startup Interstellar Technologies Inc. says it has postponed the launch of a small observation rocket until at least Tuesday due to technical reasons.
Ruling bloc approves tax reforms to boost tech investment in Japan
The annual tax revision focused on steps to encourage firms to spend their internal reserves of over ¥460 trillion ($4.23 trillion), lawmakers said.
SoftBank's new tech fund to fall shy of target, Telegraph reports
SoftBank Group Corp. has scaled back ambitions for its second Vision Fund after the failure of big bets, including WeWork, by its first fund rattled partners such as Saudi Arabia, according to the Sunday Telegraph. The second Vision Fund is expected to fall significantly short ...
Japanese government may offer companies 25% tax break on investment in startups
The government and ruling coalition plan to allow companies to deduct 25 percent of the amount they invest in startups from their taxable income, informed sources said Friday. The income deduction would be offered for investments of ¥100 million or more by large companies and ...
Defying local skepticism and 'Tokyo first' mentality, Science Park thrives in rural Yamagata
When Keio University professor Masaru Tomita accepted an offer in 2000 to head a new science lab in the city of Tsuruoka, Yamagata Prefecture, his fellow researchers — shocked at what they evidently considered his relegation to the countryside — warned him that his ...
Japan considering tax breaks for firms that invest ¥10 million in startups
Government and ruling coalition officials are considering giving tax breaks to small and midsize companies that invest ¥10 million or more in startups, sources familiar with their discussions said Wednesday. The officials see the move as a way to revitalize the nation's economy, and aim ...
SoftBank's startup bookkeeping draws scrutiny after WeWork fiasco
In early 2018, the founders of Chinese artificial intelligence startup SenseTime Group Ltd. flew to Tokyo to see billionaire investor Masayoshi Son. As they entered the offices, Chief Executive Officer Xu Li was hoping to persuade the head of SoftBank Group Corp. to invest ...
Inspired by 3/11, Tokyo-based Looop advances to semifinals of Startup World Cup 2020
A startup that's friendly to both the environment and your wallet is two steps away from a $1 million prize. Renewable-energy company Looop Inc., which says it can slash household electricity costs to a third of what customers pay now, advanced to the final rounds ...
Japan wants foreign entrepreneurs, but what's missing?
For foreign entrepreneurs, Japan has never been the easiest place to launch a startup for a number of reasons, including its conservative corporate culture, restrictive visa requirements and daunting language barrier. Well aware it may be failing to attract businesspeople who can spark the economy, ...
SoftBank in talks with Japanese banks as it seeks loans to bail out WeWork
SoftBank Group Corp. is in talks with partner financial institutions including Mizuho Bank to secure loans totaling ¥200 billion to ¥300 billion to support The We Co., operator of the WeWork office-sharing business, sources with knowledge of the matter said Thursday. SoftBank plans to provide ...
