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International relations

Singapore to kick off Japan-ASEAN initiative on startups

Panasonic, Itochu and others to seek pitches and partnerships in region

Government and private-sector representatives take part in an economic dialogue in Singapore on Feb. 15. (Photo courtesy of Japan's Ministry of Economy, Trade and Industry)

TOKYO -- Japan and Singapore agreed on Wednesday to strengthen cooperation in supporting startups as Tokyo seeks more partnerships between Japanese and Southeast Asian companies.

Under this so-called fast track initiative, big companies in both countries will identify challenges and solicit business proposals from startups. The first pitch event will feature four Japanese companies including trading house Itochu and Panasonic.

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