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Business

Companies say sayonara to in-house ways, embrace 'open innovation'

TOKYO -- Japanese companies have a long tradition of keeping everything in-house. But increasingly, they are embracing "open innovation," looking beyond their corporate borders for help in developing new products and finding business solutions.

     In early August, Yuko Nakazawa, president of a consumer electronics startup called UPQ, unveiled 24 new products -- including smartphones, an action camera and a transparent touchscreen keyboard -- at a launch event in Tokyo's Akihabara electronics district. All of these products come in the same greenish-blue cyan.

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