Wednesday, June 14, 2006

The Japanese government announced a subsidy to over 30 major Japanese companies to create a search engine that will beat Google. There is a history of succesful government directed innovation in Asia that other regions have been unable to replicate - for example, South Korean companies captured the flat-screen market following a government-lead and subsidized effort in the 90s. It'll be interesting to see how this pans out.


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