Sumitomo Real Estate Development has launched a new start-up community, Growth Connect. Growth Connect aims to promote open innovation and expand opportunities for collaboration between large companies and start-ups.

The new community will utilize the knowledge gained from previous start-up activities conducted by Sumitomo to provide multifaceted support, including company matchmaking, providing space for testing and prototyping, and assistance in the expansion of sales channels.

Sumitomo already operates its GROWTH series of offices across the country, which have been occupied by around 120 start-ups to date. A cumulative total of over 4,000 people have participated in the company's pitch events.

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