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On March 29, 2021, the Japan Fair Trade Commission ( JFTC ) and Ministry of Economy, Trade and Industry ( METI ) issued Guidelines for Business Collaboration with Startups ( Guidelines ) for the purpose of promoting open innovation and ensuring fair and free competitive environments.
1 The Guidelines are expected to further improve Japan’s competitiveness by fostering and utilizing human resources with challenging spirits, especially at startups.
In recent years, open innovation, where large companies cooperate with startups to create new value, has become important. Ensuring an environment in which startups can compete fairly and freely helps promote value creation through collaboration between startups and large companies.