24 Tech Startups from Asian Countries & Regions to Compete for the 11th AEA 2022 Innovation Award

The Asian Entrepreneurship Award Steering Committee introduced in the present day that it’ll maintain the Asian Entrepreneurship Award 2022 occasion (AEA 2022) on-line from Wednesday, October twenty sixth to Thursday, October twenty seventh. Now of their eleventh yr, the Asian Entrepreneurship Awards acknowledge and reward innovation amongst rising entrepreneurs and tech startups throughout Asia.

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AEA 2022 (Graphic: Business Wire)

The AEA 2022 will carry collectively 24 chosen startups from throughout Asia offering options in the areas of Healthcare, Work & Life fashion, and Sustainability, all of which have turn out to be key points globally. During the occasion, the startups will ship business shows showcasing their companies and merchandise, with the winners being chosen on the foundation of a variety of standards. These will embody innovativeness, the social and financial impression of their services, their industrial viability, the potential for collaboration with Japanese corporations, and the alternative for business growth in Japan. In addition, the Social Business Session will likely be held at the similar time, the place startups that observe the Seven Principles of Social Business proposed by Dr. Muhammad Yunus will competitively share business concepts for fixing social issues.

In addition, Iwao Yoshino, CEO of Microwave Chemical Co., Ltd., which was newly listed on the Tokyo Stock Exchange Growth Market in June 2022, will give a particular speech on the twenty seventh.

For occasion particulars please go to https://aea2022online.peatix.com/

Expert-approved know-how startups to obtain 1.5 months of mentoring periods to speed up their entry to the Japanese market

Since its launch in 2012, AEA has offered a stage for promising entrepreneurs and startups from quickly rising nations and areas in Asia on which they’ll showcase business concepts and applied sciences geared toward addressing social points.

To date, a complete of 247 tech startups from 16 nations and areas throughout larger Asia have participated in AEA occasions. All entrants had been nominated by key notable establishments equivalent to the Japan External Trade Organization (JETRO) and the University of Tokyo, in addition to by incubators, accelerators, universities, and different establishments supporting start-up corporations of their respective nations and areas.

Requiring contributors to be prepared to enter the Japanese market or collaborate with Japanese corporations, AEA additionally gives shut assist by matching taking part startups with Japanese corporations. The AEA 2022 occasion will characteristic a number of initiatives to additional speed up collaboration between Japanese corporations and taking part startups.

One of such initiatives is to present mentoring periods by a staff of mentors from enterprise capital companies and accelerators in Japan throughout the 1.5 months main up to the occasion. This is predicted to assist entrants purchase a greater understanding of the market and facilitate their collaboration with potential Japanese companions.

Also, matchmaking and on-line interviews between taking part startups and Japanese corporations will likely be promoted in varied methods, equivalent to by encouraging taking part corporations, sponsors, nominators, and others to freely talk with each other utilizing the Slack communication platform, as AEA 2021 contributors did.

In addition, the capital restrict, one in every of the entry necessities, has been raised from 1 million US {dollars} to 3 million. This displays the larger funding quantities lately for seed and early-stage startups, and it’s hoped that the AEA will entice corporations with higher administration constructions, main to extra concrete business partnerships with Japanese corporations.

New this yr: Social Business Session for fixing social issues via business

The Social Business Session based mostly on the Seven Principles of Social Business proposed by Dr. Muhammad Yunus is being newly held this yr, and 4 corporations have been chosen to take part on this class. Dr. Muhammad Yunus was awarded the Nobel Peace Prize in 2006 along with Grameen Bank for their contributions to assuaging poverty and selling peace in Bangladesh via the founding of the Grameen Bank, which gives microcredits to the poor to assist them turn out to be self-reliant. Today, he continues to advocate social business to resolve social points via business, placing it into observe with many organizations. AEA, in cooperation with Yunus Japan, can even choose the business concepts of startups based mostly on the Seven Principles of Social Business.

AEA taking part corporations invited to Innovation Leaders Summit on-line matching occasion

The Innovation Leaders Summit (ILS), launched below the auspices of the Ministry of Economy, Trade and Industry with the purpose of making world innovation by matching the belongings of main corporations with the concepts and know-how of startups, is one in every of the largest open innovation convention in Asia, attended by 700 startups and over 100 main Japanese corporations. Starting this yr, the 247 corporations which have participated in AEA in the previous will likely be invited to take part in ILS’s on-line matching occasion to proceed supporting startups’ entry into the Japanese market.

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