Start-ups

Benjamin Hubert, founder of the design company LAYER, believes that design should be for the people, not for galleries. LAYER’s vision is to solve everyday problems in the best way possible. For example, a client approached them about a new wheelchair. This was a company with no relationship to design—they just needed a better wheelchair. According to Hubert, “clients approach us because they want a functional and affordable product that’s also beautiful.” 

Well-known entrepreneurs like Bill Gates, Steve Jobs, and Mark Zuckerberg were in their early twenties when they launched their highly successful companies. The Harvard Business Review (HBR) explores whether these famous cases reflect a general pattern.

People throw away more than 80 billion pairs of chopsticks every year. Most of them have only been used once, like the cheap wooden ones you get in restaurants. All of those chopsticks end up in landfills. In China, environmental activists have documented rates of over 100 acres of deforestation every day to keep up with demand.

One night at a hotel in 2009, tech executive Shawn Seipler thought about how many bars of soap guests use for a night and then leave. He called the front desk to find out what they did with the used soap and learned that they just throw it away. In the U.S. alone, hotels throw out about 3.3 million bars of soap every day.

Well-heeled space tourists will have a new orbital destination four years from now, if one company's plans come to fruition. The California-based startup Orion Span aims to loft its "Aurora Station" in late 2021 and begin accommodating guests in 2022.

The start-up scene in Japan has historically lagged behind the Silicon Valley and China, but several investors told CNBC that things are changing.

Workers have traditionally seen starting a company as "kind of a Plan B," according to James Riney, head of 500 Startups Japan. Finding entrepreneurial talent in the country used to be difficult because of an aversion to risk among Japanese workers. Many wanted the stability of corporate or public-sector jobs.

Japan's push to attract innovative financial technology (fintech) startups to the country could spell trouble for the US.

On Wednesday at the New York Stock Exchange, Japanese Prime Minister Shinzo Abe said the government was moving forward with a plan to roll back regulations on some fintech startups to help spur the development of emerging technology and drive growth in the country.

Japanese automotive giant Toyota has made a strategic investment in South East Asia taxi-hailing service Grab.

"[UK tech startup] Improbable is building breakthrough technologies that are becoming vital and valuable platforms for the global gaming industry," Deep Nishar, managing director of investments at SoftBank, said in a statement. Beyond gaming, Nishar said, SoftBank believed Improbable’s simulation technology could be used to help explore disease, improve cities, understand economies and solve other complex problems. Nishar is joining Improbable’s board.