One of Japan's leading banks is teaming up with the research institute that created Siri to try to bring a bit of Silicon Valley innovation back to Japan
Research institution SRI International and investment bank Nomura are teaming up on a new innovation center.
In addition to overseeing research projects between Japanese companies and SRI, the center will offer training sessions of Japanese startups, events for executives, and demo days where Silicon Valley startups can make presentations to the center's members.
The plan is "to bring the best of what Silicon Valley has to offer into this innovation center," said Neeraj Hora, head of innovation and investment at Nomura Holding America. The hope, he added, is that the the center will help jumpstart the adoption of technologies that could help Japanese corporations solve some of the big problems facing Japan, including an aging population and food security. "That would be a mark of success for the innovation center," he said.
Numerous startups have been spun out of research developed at SRI, and those will be part of the program. But the research institute is also reaching out to some of the premier incubators in the valley, and NSIC plans to hold a demo day on SRI's campus for center's members to introduce them to startups developing technology that might be of interest to them. Those relationships could eventually lead to investments or acquisitions by the Japanese companies in the NSIC program.
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