24 Tech Startups from Asian Countries & Regions to Compete for the 11th AEA 2022 Innovation Award
AEA 2022: October 26th (Wed.) to 27th (Thu.) Online
Social Business Session Based on Dr. Muhammad Yunus’ Seven Principles is also being held
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 special speech on the 27th.
For event details please visit https://aea2022online.peatix.com/
Expert-approved technology startups to receive 1.5 months of mentoring sessions to accelerate their entry to the Japanese market
Since its launch in 2012, AEA has provided a stage for promising entrepreneurs and startups from rapidly growing countries and regions in Asia on which they can showcase business ideas and technologies aimed at addressing social issues.
To date, a total of 247 tech startups from 16 countries and regions across greater Asia have participated in AEA events. All entrants were nominated by key notable institutions such as the Japan External Trade Organization (JETRO) and the University of Tokyo, as well as by incubators, accelerators, universities, and other institutions supporting start-up companies in their respective countries and regions.
Requiring participants to be willing to enter the Japanese market or collaborate with Japanese companies, AEA also provides close support by matching participating startups with Japanese companies. The AEA 2022 event will feature several initiatives to further accelerate collaboration between Japanese companies and participating startups.
One of such initiatives is to provide mentoring sessions by a team of mentors from venture capital firms and accelerators in Japan during the 1.5 months leading up to the event. This is expected to help entrants acquire a better understanding of the market and facilitate their collaboration with prospective Japanese partners.
Also, matchmaking and online interviews between participating startups and Japanese companies will be promoted in various ways, such as by encouraging participating companies, sponsors, nominators, and others to freely communicate with one another using the Slack communication platform, as AEA 2021 participants did.
In addition, the capital limit, one of the entry requirements, has been raised from 1 million US dollars to 3 million. This reflects the higher investment amounts in recent years for seed and early-stage startups, and it is hoped that the AEA will attract companies with better management structures, leading to more concrete business partnerships with Japanese companies.
New this year: Social Business Session for solving social problems through business
The Social Business Session based on the Seven Principles of Social Business proposed by Dr. Muhammad Yunus is being newly held this year, and 4 companies have been selected to participate in this category. Dr. Muhammad Yunus was awarded the Nobel Peace Prize in 2006 together with Grameen Bank for their contributions to alleviating poverty and promoting peace in Bangladesh through the founding of the Grameen Bank, which provides microcredits to the poor to help them become self-reliant. Today, he continues to advocate social business to solve social issues through business, putting it into practice with many organizations. AEA, in cooperation with Yunus Japan, will also judge the business ideas of startups based on the Seven Principles of Social Business.
AEA participating companies invited to Innovation Leaders Summit online matching event
The Innovation Leaders Summit (ILS), launched under the auspices of the Ministry of Economy, Trade and Industry with the aim of creating global innovation by matching the assets of major companies with the ideas and technology of startups, is one of the largest open innovation conference in Asia, attended by 700 startups and over 100 major Japanese companies. Starting this year, the 247 companies that have participated in AEA in the past will be invited to participate in ILS‘s online matching event to continue supporting startups’ entry into the Japanese market.
AEA 2022 Overview
Date: Wednesday, October 26th to Thursday, October 27th, 2022
Official website: https://aea.events/e/ (English) https://aea.events/j/ (Japanese)
DAY 1: October 26th
13:00-14:30 Greetings from Chairman of AEA Steering Committee
Shigeo Kagami, Chairman of Asian Entrepreneurship Award Steering Committee
Self introduction from Startup Entrants
Introduction to Kashiwa-no-ha Smart City
14:30-17:00 Semi-final session
DAY 2: October 27th
13:00-16:00 Final session
16:00-17:15 Introduction of startups nominated by AEA to participate in ILS
Microwave Chemical Co., Ltd. CEO Mr. Iwao Yoshino
17:15-18:30 Social Business Session
18:30-19:00 Announcement of the Winners & Farewell Speech
View source version on businesswire.com: https://www.businesswire.com/news/home/20220907005492/en/
This news is a press release from the provider.
Korea Newswire is committed to verifying the transparency of providers and eliminating content errors.
You can receive press releases from this company or in industries of interest via email and RSS for free. Subscribe>
News provided byAsian Entrepreneurship Award Steering Committee