Sandwiched between the mountains and the sea in Japan’s far-west corner, Fukuoka is a city trying to reinvent itself. In a land long dominated by mega-conglomerates and the inexorable pull of Tokyo, the country’s fastest growing urban centre wants to become Japan’s answer to Silicon Valley.
Despite the country’s reputation for hi-tech wizardry, Japan’s start-up scene remains surprisingly stunted. The world’s third largest economy has only one “unicorn” – a private company valued at over $1bn – compared to the United States’ 127 and China’s 78.
Fukuoka’s charismatic young mayor is determined to change that, and he’s convinced the city has the ingredients to replicate the success of the US’s west coast innovation hubs. In 2011 he declared Fukuoka would become Japan’s start-up city, and since then it’s risen to the top of the country’s business creation league tables.
Whether it can truly rival the capital remains to be seen as funding and talent continues to concentrate in Tokyo, but the city’s leaders have a convincing pitch. A tight-knit start-up community, a young workforce and an affordable city that promises that elusive goal of a work-life balance – something they hope will appeal to a new generation of entrepreneurs keen to avoid the Tokyo rat race. [Read More]
Published @ May 8, 2019