Marubeni Invests in FoodTech Incubator to Support Japanese, U.S. Start-ups

Japanese trading company Marubeni Corporation invested in KitchenTown, a Silicon Valley start-up incubator, hoping to support Japanese startups entering the U.S. and vice versa.

"Startups drive the growth of the global economy as they break the mold of conventional wisdom and create new value," said Takanori Koso, General Manager of Food Products Materials Dept. for Marubeni. "In order for these startups to achieve maximum impact, they need support to overcome hurdles in product development, commercialization, brand strategy and more. Incubators are a proven model to efficiently...

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