ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailMenu BurgerPositive ArrowIcon PrintIcon SearchSite TitleTitle ChevronIcon Twitter
Business trends

Japan to form 40-company alliance for open innovation breakthrough

Toyota, ANA and others will share and assess promising technologies

Baidu has adopted an open innovation approach to developing self-driving technology, inviting over 100 countries to take part in the initiative.    © Reuters

TOKYO -- Toyota Motor and about 40 other leading Japanese companies will create a framework for sharing technologies and business ideas to spur innovation, joining a growing global trend for collaborative development.

Toyota and partners will launch a consortium on April 15. Other participants include All Nippon Airways, brewery Asahi Group Holdings, trading house Itochu, Takeda Pharmaceutical, Sumitomo Mitsui Banking and advertising agency Dentsu. Businesses competing in the same fields are welcomed to join as the organization aims to expand membership to 100 companies in 2020.

Japanese companies have traditionally taken a go-it-alone approach toward innovation, keeping new technologies and business ideas to themselves. The consortium represents the first large-scale attempt at so-called open innovation in Japan, a trend gaining traction abroad as revolutionary technologies grow increasingly elusive.

As early as May, company representatives in charge of new business ideas will start sharing relevant technologies and data. Those at other companies interested in the ideas will evaluate them, with their scaled grading converted into numerical results by an artificial intelligence program developed by Visits Technologies.

The companies believe that showing the potential of each business idea with a numerical grade will make it easier to find business partners or sell the technologies.

In particular, ANA is interested in businesses that can be offered to consumers upon arriving at airports. Asahi, meanwhile, wants to develop technologies used in environmental protection.

In other countries, top companies across different sectors, such as Intel and Disney, often collaborate in nurturing startups.

In China, search engine giant Baidu is leading the Apollo project to develop autonomous driving technology, recruiting more than 100 companies, including Intel and Honda Motor.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Get Unlimited access

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends April 19th

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media