Startups

Startups
Founder of software company who turned down SoftBank joins ranks of Japan’s billionaires
At 23, Shunji Sugaya had what he calls a “life-changing episode. ”It was March 2000, and Sugaya had just won an award at a business contest where Masayoshi Son, the founder of what was then called SoftBank Corp., was a judge. He sent Son an email to thank him, the two met up, and before long SoftBank offered to buy Sugaya’s idea for $2.8 million or for Sugaya to join the company and receive stock options. Sugaya turned it down.
Tokyo university startup develops coronavirus-catching fabric

Zetta, a spinout from the Tokyo Institute of Technology, also known as Tokyo Tech, has developed a nonwoven nanofiber material that can be washed repeatedly without losing its ability to protect the wearer from viruses. The startup, based in the western Japanese city of Matsuyama, plans to get into the business of making masks from the high-tech fabric.