Japan's METI allows other Asian startups to list in Tokyo Stock Exchange
Indian companies with Singapore HQs can also get listed on TSE
TSE will support startups in compliance and regulatory approvals through local companies
Over the past few years, Japanese investors have been taking a keen interest in the Indian startup ecosystem and as a result, billions have been invested in Indian companies and startups by Japanese investors, led by SoftBank’s Vision Fund. But now Japan is opening up a different opportunity for Indian startups looking to tap into the lucrative Japanese market and or building a base in the country.
Now, the Japanese government has launched an Asia Digital Transformation Partnership Initiative (ADX Initiative) on September 1. The official statement from the ministry said Asian startups can utilise Japan’s strength in depth and hardware technologies to partner with Japanese companies, just like Indian healthcare startup Tricog, which partnered with Japanese health equipment company Fukuda Electronics to develop an AI-based diagnostic programme for heartbeat patterns. The business has expanded from India to Kenya, Thailand, and Indonesia.