TOKYO -- The U.S. startup investor Techstars is betting that Japan will be a magnet for startups across Asia, the company's chief executive said in an interview with Nikkei Asia.
This summer, Techstars will begin a three-month program in Tokyo in which 12 selected startups will receive mentorship on their business models and pitches, as well as favorable rates on the use of Amazon's cloud service. Techstars will also offer each startup a maximum of $120,000 in exchange for a stake of 6% to 10%.
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