Venture Investment Spending in Japan Reaches New Heights
Summary
Venture capital spending by Japan-based companies like Sony and Toyota has hit high levels as already market-entrenched big players seek to keep up with digital innovation through start-ups.Investments in the field of AI, the internet of things (IoT), and robotics have seen a tremendous growth worldwide and in particular, fueled by spending from vehicle manufacturers.The scale might be tiny compared to China and the US, but Japanese companies are slowly keeping up with the pace as they seek to bring in new technologies into their folds as well as become faster in developing and unveiling new products into the market.Tetsuro Homma, the head of the appliances business section at Panasonic, reveals that going by the venture trends in San Francisco, it is evident that information and communication technology is rapidly entering homes.With companies like Panasonic, venture capital spending seems to be paying off their efforts to reach the consumer market., especially by partnering with other international players like the American firm Scrum.