01Booster plans to merge with its subsidiary InnoScouter on March 1, 2024, to enhance efficiency and support for corporate innovation.

Target Company Overview

01Booster Inc., headquartered in Chiyoda, Tokyo, and led by CEO George Goda, has announced its plan to merge with its wholly-owned subsidiary, InnoScouter Inc., effective March 1, 2024. InnoScouter, also based in Chiyoda and headed by CEO Ken Kawashima, specializes in providing comprehensive support for startup collaboration activities within larger corporations.

01Booster's mission is to "change the world through the power of business creation." The company offers innovative programs that facilitate collaboration between large enterprises and startups, enhancing mutual strengths to promote innovation and accelerate business growth. Their flagship initiatives include the Corporate Accelerator, which fosters co-creation of innovation, and the Intrapreneur Accelerator, aimed at identifying and nurturing internal entrepreneurs.

Industry Overview in Japan

The Japanese startup ecosystem is growing rapidly, supported by the government's initiatives to promote entrepreneurship and innovation. In recent years, there has been an increasing trend of large corporations