Japan to Form 40-Company Alliance for Open Innovation

By • on April 8, 2019

The Asian Review website reported that Toyota Motors and about 40 other leading Japanese companies will create a framework for sharing technologies and business ideas to spur innovation, joining a growing global trend for collaborative development. Japanese companies have traditionally taken a go-it-alone approach toward innovation, keeping new technologies and business ideas to themselves. The consortium represents the first large-scale attempt at so-called open innovation in Japan, a trend gaining traction abroad as revolutionary technologies grow increasingly elusive.

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