The Japan Business Federation [Keidanren] will establish a “startup committee” later this month as a place for operators of major corporations and startups to exchange opinions. The committee is aimed at stimulating the activities of the business community, which are disproportionately undertaken by the business lobby’s members from major companies, by incorporating the opinions of young entrepreneurs. Keidanren also hopes that the committee will lead to new policy proposals capitalizing on young entrepreneurs’ innovative ideas and create a better environment for promising startups to emerge.
Keidanren will set up the committee after obtaining approval at a board meeting to be held on May 30. The committee will be chaired by Asahi Group Holdings Chairman Naoki Izumiya, 70, and call for the participation of a wide range of young entrepreneurs. (Abridged)