Innovation is seen as the key to economic success in the country, given the scarcity of natural resources and its rapidly ageing population. A renewed focus on achieving this in both the private and public sectors makes Japan the ideal market for European companies to enter.
From the early 2000s to 2020, the MEXT and the METI actively promoted the “Knowledge Cluster Initiative” and the “Industrial Cluster Project” as a means to reinforce international competitiveness and regional development and accelerate the formation of clusters.
The several policies and support programs provided by the government, the assistance of angel investors and crowdfunding and the openness of major corporations to support the start-up market, create increasing opportunities for European start-ups to flourish in the Japan market.
Joint venture established in 1987 by the European Commission (DG GROW) and the Japanese Government (METI) for promoting all forms of industrial, trade and investment cooperation between the EU and Japan.