Japan-based startup STAR has announced a new initiative aimed at helping small-to-medium-sized enterprises (SMEs) in Japan gain international recognition and prestige. According to an official press release today, the project will help SMEs communicate their products and technologies to a global audience, following plans of reviving the economy of not only Japan but the entire world and creating a sustainable future.
According to the announcement, the project will facilitate transactions between foreign companies and Japanese SMEs through its AUCTION platform, where foreign companies will bid for confidential information privileges. Foreign companies are subject to screening to ensure their trustworthiness to participate in the bidding process.
The STAR project originated from a desire to maximize the potential of Japan’s technological capabilities. Despite the economy’s potential, Japan still falls behind other countries in the overall score of the Global Innovation Index 2021. STAR seeks to improve firms’ abilities to close the gap between Japan’s technological strength and worldwide innovation index score.
Moreso, foreign companies can take advantage of the program by purchasing products, technology, and know-how from Japanese SMEs and partnering with them. The project opens up new opportunities for mutual benefit between Japan and its partners abroad.
STAR to List on Bitmart on May 10
STAR has also revealed that its team is preparing for a listing event on May 10th on Bitmart. The team hopes to create an environment of mutual understanding and support between companies worldwide and increase the number of companies that foster world peace and sustainability through its principles, starting from Japan.
STAR is a platform that facilitates mutual development between Japanese and foreign companies. Hence, the initiative is part of the platform’s larger mission to increase the number of companies that foster world peace and sustainability through its principles, starting in Japan.
STAR’s platform will aggregate SMEs’ goods, technology, and know-how to attract overseas enterprises. It will provide various types of support to foreign companies to gain a foothold in Japan and develop their products. In addition, foreign companies can use the “StartupersCoin” token to pay for platform services.