TOKYO, 25 April 2017 - The ASEAN Business Advisory Council, led by its Chairman Joey Concepcion III, and the ASEAN Business Club, represented by its Chair Tan Sri Dr. Munir, joined forces with leading Japanese private business organisations to establish the ASEAN-Japan Innovation Network (AJIN) in Tokyo on 7 April. AJIN aims to promote innovation across key sectors in ASEAN especially in support of emerging new digital driven industries through collaboration and cooperation between ASEAN-Japan businesses.

This collaboration was highlighted by the signing of a Memorandum of Cooperation. The memorandum  was later presented formally at the ASEAN-Japan Open Innovation Forum with the presence of all the ASEAN Economic Ministers.

This innovation network was a culmination of Japan’s private sector engagement and dialogue with new industries which started in Nay Pyi Taw, Myanmar in 2014. For 2017, the AJIN serves as an ideal platform to bring concrete programmes in support of the Philippine government’s theme of an innovation-driven economy and ASEAN BAC’s focus on MSME Empowerment and Inclusive Business towards Prosperity for All.

Nine Japanese institutions co-signed the memorandum, namely: 1) ASEAN Japan Business Council, 2) The Japan Chamber of Commerce and Industry, 3) KEIDANREN (Japan Business Federation), 4) KEIZAI DOYUKAI (Japan Association of Corporate Executives), 5) Japan Foreign Trade Council, 6) Japan Association of New Economy, 7) Japan External Trade Organization, 8) Federation of Japanese Chambers of Commerce and Industry in ASEAN, and 9) Japan-ASEAN Innovation Support Network.