Business · Companies · 2 hrs ago
Singapore venture firm plans startup academy in Japan's Iwate Prefecture
Insignia Ventures Partners and Iwate Prefecture plan to create a startup academy in Iwate, northeastern Japan.
The project aims to train young people from Japan and Southeast Asia and help connect the two regions.
The academy would be the first campus outside Singapore for Insignia Ventures Academy, whose Singapore program has produced more than 250 graduates.
The planned site is a former high school in Hanamaki, south of the prefectural capital, Morioka.
Iwate plans to sell the property to the firm and is considering renovation subsidies.
The prefecture hopes the project will attract investment and support regional revitalization as it faces an aging population.
The firm’s managing partner and Iwate’s governor are scheduled to sign an agreement on the sidelines of a convention in Morioka on Oct.
29–30, but the opening date has not been decided.
Insignia Ventures Partners and the Iwate prefectural government are planning a startup academy in northeastern Japan.
The proposed Iwate campus would train young people from Southeast Asia and Japan and serve as the Singapore academy’s first base outside Singapore.
The project aims to develop startup talent and attract investment to Japan from fast-growing Southeast Asian economies.
The two sides are scheduled to sign an agreement during the Iwate International Convention in Morioka on Oct. 29-30.
Iwate plans to sell the former Towa High School property in Hanamaki for the project and is considering renovation subsidies.
- Who
- Singapore venture capital firm Insignia Ventures Partners and the Iwate prefectural government.
- What
- They are planning an academy in Iwate to develop startup talent from Japan and Southeast Asia.
- When
- The agreement is scheduled to be signed on Oct. 29-30. The opening date has not been decided.
- Where
- The planned site is in Hanamaki, Iwate Prefecture, northeastern Japan.
- Why
- The project aims to develop startup talent and encourage investment in Japan; Iwate also hopes it will support regional revitalization and ease the impact of an aging population.
This story does not have two clearly opposing sides.
Insignia Ventures Partners and the Iwate government started talks after Yinglan Tan and Gov. Takuya Tasso met at the Summer Davos forum in Dalian.
Tan and Tasso are scheduled to sign an agreement on the sidelines of the Iwate International Convention in Morioka.
- Planned site
- Hanamaki, Iwate Prefecture
- Property
- 41,900-square-meter former Towa High School site, closed in 2010
- Singapore academy graduates
- More than 250 graduates from its 12-week core program
- Firm assets
- 1 billion Singapore dollars ($780 million)
- Firm founded
- 2017
What people are saying
the academy aims to train young people from Southeast Asia and Japan to serve as a bridge between the two regions by combining knowledge of Japanese business culture with an understanding of the diversity of Southeast Asian markets
We recognize the need for such infrastructure so that instructors and students can travel from Singapore and other parts of the world to stay at the school.
Sources
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