Tokyo’s Shibuya seeks to nurture startups in the ward via new enterprise

According to The Asahi Shimbun, aiming to nurture innovation-driven startups that would compete globally, Tokyo’s Shibuya Ward has created a joint-stock company with the participation of private companies.
The enterprise, called Shibuya Startups KK, was formed on March 6.
“Shibuya is home to the most startup companies in the capital,” said Shibuya Mayor Ken Hasebe during a news conference held on Feb. 13 to announce the project. “We will be taking advantage of this feature as the driving force for our town’s development.”
A ward estimate suggests there are more than 2,000 startup firms in Shibuya.
Shibuya Ward works with Tokyu Corp., Tokyu Land Corp. and GMO Internet Group Inc. to operate Shibuya Startups, which is capitalized at 170 million yen ($1.2 million).

https://www.asahi.com/ajw/articles/14846558