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	<title>PFN &#8211; METI Journal</title>
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	<link>https://meti-journal.japantimes.co.jp</link>
	<description>The METI Journal introduces featured policies of the Ministry of Economy, Trade and Industry and showcases noteworthy topics and relevant efforts surrounding economic and industrial circles. Updated twice a month, the articles on this website are edited translations from the METI Journal.</description>
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		<title>‘Unicorn’ president believes passion, obsession drive innovation</title>
		<link>https://meti-journal.japantimes.co.jp/2020-04-24/</link>
		
		<dc:creator><![CDATA[Mami Okubo]]></dc:creator>
		<pubDate>Thu, 23 Apr 2020 15:00:00 +0000</pubDate>
				<category><![CDATA[Living and learning in the Reiwa Era]]></category>
		<category><![CDATA[education]]></category>
		<category><![CDATA[innovation]]></category>
		<category><![CDATA[MITOU]]></category>
		<category><![CDATA[PFN]]></category>
		<category><![CDATA[unicorn]]></category>
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					<description><![CDATA[<i>The Ministry of Economy, Trade and Industry’s MITOU Program, known in English as the Exploratory IT Human Resources Project, has produced a unique talent pool for the past 20 years or so since its launch. It is administered by the ministry’s Information-technology Promotion Agency, Japan.<br><br>
This article is the second installment in a two-part series (the first was published on April 16) in which Toru Nishikawa, the president and CEO of Preferred Networks Inc. (PFN) and University of Tokyo Professor Emeritus Ikuo Takeuchi discuss topics including the future of education in Japan.<br><br>
Nishikawa qualified for the MITOU Program in fiscal 2005 and later co-founded PFN. Takeuchi has been involved in the program since its inception.</i> ]]></description>
										<content:encoded><![CDATA[
<h3 class="wp-block-heading">Fascinated by programming</h3>



<p class="wp-block-paragraph"><strong>Takeuchi:</strong> What kind of boy were you when you were young?</p>



<p class="wp-block-paragraph"><strong>Nishikawa:</strong> I became interested in PCs around the fourth grade. My father had an introductory book on (the programming language) BASIC. I picked it up and I was immediately hooked. My parents wouldn’t buy me a PC, so I would play around with source code on a piece of paper.</p>



<p class="wp-block-paragraph">After I got my own PC, I spent days programming. Then, I gradually became curious about the more fundamental aspects of computing, not just programming — like how computers work in the first place? From there, my interest grew in the direction of networks and hardware. I didn’t think twice about joining the Hiraki lab (professor Kei Hiraki’s lab at the University of Tokyo’s Graduate School of Information Science and Technology).</p>



<p class="wp-block-paragraph"><strong>Takeuchi:</strong> It’s an interesting lab. I hear the professor still visits your company.</p>



<p class="wp-block-paragraph"><strong>Nishikawa:</strong> Yes, he does. Actually, he works for us full time.</p>



<p class="wp-block-paragraph"><strong>Takeuchi:</strong> So, you asked him to join PFN?</p>



<p class="wp-block-paragraph"><strong>Nishikawa:</strong> No, he first told me he wanted to talk about something and visited our office. Until then, he had advised us on analogue aspects, like the handling of processor boards and high frequencies and things like that.</p>



<p class="wp-block-paragraph">One day, he told us he wanted to develop a supercomputer with PFN. He now gives lectures to our members once a month or so.</p>



<p class="wp-block-paragraph"><strong>Takeuchi:</strong> Am I correct in remembering that you met (PFN co-founder and Vice President Daisuke) Okanohara in college?</p>



<p class="wp-block-paragraph"><strong>Nishikawa:</strong> Correct. We were in the same class in the first year, and our relationship has continued to this day.</p>



<p class="wp-block-paragraph">He said he wanted to run an application on a search engine he developed through the MITOU Program. While I helped him with that, we started discussing our dream of creating a sophisticated search engine and launching a business around it.</p>



<p class="wp-block-paragraph"><strong>Takeuchi:</strong> So, that led you to establish (PFN predecessor) Preferred Infrastructure (PFI), right? I understand you launched the business when you were in graduate school. What were your career plans at the time?</p>



<p class="wp-block-paragraph"><strong>Nishikawa:</strong> At the time, I was interested in IBM or Intel. While I was working part-time for a bio startup, this experience helped me realize it was possible to work with a small team that enabled me to do and approach things I wanted to in ways I liked. That’s why I decided to start a company, but I had little funding. Starting a company wouldn’t have been possible without MITOU’s support.</p>



<h3 class="wp-block-heading">Support in early years</h3>



<p class="wp-block-paragraph"><strong>Takeuchi:</strong> So, the business took off smoothly?</p>



<p class="wp-block-paragraph"><strong>Nishikawa:</strong> No, not at all. The founding members were all engineers. We had zero knowledge about making money, let alone how to establish a company.</p>



<p class="wp-block-paragraph">That’s where MITOU’s support proved helpful. The program referred us to experts who could give us advice about things involved in starting a company, like legal, financial or intellectual property matters. An accounting firm that helped us back in those days is still doing some work for us.</p>


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			</item>
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		<title>AI startup co-founder, expert discuss 20 years of MITOU Program</title>
		<link>https://meti-journal.japantimes.co.jp/2020-04-17/</link>
		
		<dc:creator><![CDATA[Mami Okubo]]></dc:creator>
		<pubDate>Fri, 17 Apr 2020 03:00:00 +0000</pubDate>
				<category><![CDATA[Living and learning in the Reiwa Era]]></category>
		<category><![CDATA[innovation]]></category>
		<category><![CDATA[MITOU]]></category>
		<category><![CDATA[PFN]]></category>
		<category><![CDATA[startup]]></category>
		<category><![CDATA[technology]]></category>
		<guid isPermaLink="false">http://18.181.174.239/?p=972</guid>

					<description><![CDATA[<i>The Ministry of Economy, Trade and Industry’s MITOU Program, known as the Exploratory IT Human Resources Project in English, was started in 2000 to identify and develop outstanding IT talent. The program, administered by the ministry’s Information-technology Promotion Agency, Japan, has helped launch the careers of about 1,700 outstanding individuals. The corporate value of their startups is now estimated to total about ¥600 billion.<br><br>
One such startup is Preferred Networks Inc. (PFN), whose artificial intelligence technology is in high demand from leading businesses. The company is led by President and CEO Toru Nishikawa.<br><br>
For the METI Journal, Nishikawa and University of Tokyo Professor Emeritus Ikuo Takeuchi, who co-founded the MITOU Program and currently serves as its senior project manager, met to discuss topics such as the type of talent it takes to drive innovation. (This is the first half of their talk; the second half will be carried in the next installment.)</i>]]></description>
										<content:encoded><![CDATA[
<h3 class="wp-block-heading">Combining talents</h3>



<p class="wp-block-paragraph"><strong>Takeuchi:</strong> It’s been 10 years since we last had time for this kind of discussion. Your company has grown so much during this period, hasn’t it?</p>



<p class="wp-block-paragraph"><strong>Nishikawa:</strong> Fourteen years ago, Preferred Infrastructure — now PFN — was created by six people, including team members from an international programming competition, as well as my university friends.</p>



<p class="wp-block-paragraph">We established PFN in 2014 to take advantage of our real-time machine learning technology that focused on the “internet of things.” We are now fortunate enough to have about 300 employees.</p>



<p class="wp-block-paragraph"><strong>Takeuchi:</strong> Wow, six of you started the company and it now has 300 employees. That’s impressive. (PFN co-founder and Vice President Daisuke) Okanohara was in MITOU. Do any other former MITOU participants belong to your company?</p>



<p class="wp-block-paragraph"><strong>Nishikawa:</strong> We have at least 13 MITOU “graduates.”</p>



<p class="wp-block-paragraph"><strong>Takeuchi: </strong>I think that may be the largest number of MITOU graduates now working for a single Japanese company. You have grown the company through identifying outstanding individuals and putting them together as a working team. I think that deserves praise.</p>



<p class="wp-block-paragraph">I’ve been involved in MITOU as senior project manager. I notice many applicants mention they “did an internship at PFN.” What does it take to successfully join your company?</p>



<p class="wp-block-paragraph"><strong>Nishikawa:</strong> First of all, we look for someone who is knowledgeable about computer science. We are divided over whether we should give a coding exam to applicants, but in my opinion, we should. That’s because I think it’s important to find out not only whether a candidate understands theory, but also if they can also practically apply said theory.</p>



<p class="wp-block-paragraph">For applicants who interned with us over a two-month period, we review how they performed during their internship to find out how they identified issues and how they addressed challenges.</p>



<figure class="wp-block-image size-large"><img fetchpriority="high" decoding="async" width="1024" height="515" src="http://18.181.174.239/wp-content/uploads/2020/04/6337-1024x515.jpg" alt="" class="wp-image-979" srcset="https://meti-journal.japantimes.co.jp/wp-content/uploads/2020/04/6337-1024x515.jpg 1024w, https://meti-journal.japantimes.co.jp/wp-content/uploads/2020/04/6337-300x151.jpg 300w, https://meti-journal.japantimes.co.jp/wp-content/uploads/2020/04/6337-768x387.jpg 768w, https://meti-journal.japantimes.co.jp/wp-content/uploads/2020/04/6337.jpg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption>The Preferred Networks Inc. website (<a href="https://preferred.jp/en/" target="_blank" rel="noreferrer noopener">https://preferred.jp/en/</a>)</figcaption></figure>


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