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Japan support group for startups targets enterprising foreigners

BooSTAR X plans $10m fund to nurture country's hidden talent

Minjie Xiao, right, and Kevin Guo, center, at the kickoff for BooSTAR X in Tokyo on Dec. 1, 2020. (Photo by Shuhei Yamada)

TOKYO -- An organization to help foreign residents in Japan launch new businesses was founded in December by two business person born in China, including a noted economist.

BooSTAR X plans to set up an investment fund next year to support foreign residents looking to become entrepreneurs, its founders said. "The ratio of foreigners to entrepreneurs is too low in Japan," co-founder Kevin Guo said at the kickoff for BooSTAR X in Tokyo on Dec. 1.

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