print PRINT

ECONOMY

METI calls on big firms to treat start-ups as equal partners to create innovation

  • June 27, 2018
  • , Nikkei , p. 5
  • JMH Translation

The Ministry of Economy, Trade and Industry (METI) put together a new manual aimed at helping big corporations forge successful partnerships with start-ups. It points out that their treatment of start-us as subcontractors or affiliates is obstructing collaborations and fueling distrust among entrepreneurs. It urges them to change their mindset and treat start-ups as equal partners to facilitate innovation.

 

METI will hear opinions from big corporations, influential start-ups, lawyers and several other groups and present obstacles to joint business expansion and their solutions.

 

There are often cases that although the management of large companies and their front-line sections are positive about working with start-ups, divisions such as finance, legal affairs and intellectual property management are cautious about partnerships. The manual stresses the importance of reaching a consensus in the entire organization including these sections and urges management to clearly state possible partnerships with start-ups in business plans and to keep informed those both inside and outside their organizations.  

  • Ambassador
  • Ukraine
  • OPINION POLLS
  • COVID-19
  • Trending Japan