Despite being a high-tech economy, Japan has struggled to build a startup ecosystem

www.ft.com

The FT looks at the demise of Laundroid, a company that promised to build a machine that would fold clothes. The company shut down earlier this year despite years of bold promises, a close that is said to be "a parable of Japan’s relationship with high-tech, venture capital and, particularly in the field of robots, the gulf between promise and reality." Rather than a lack of entrepreneurship, the issue is around a support ecosystem, one interviewed analyst said.

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