#Japan #Innovation #Tokyo #Union Tech #UT101

Union Tech Launches 'UT101 Unicorn'

Union Tech Inc., based in Shibuya, Tokyo, has officially initiated its internal startup program named 'UT101 Unicorn'. This innovative program is part of the company's broader mission, 'Build a new standard', focusing on offering comprehensive design, planning, and construction services for office spaces, retail locations, and residences. With 'UT101 Unicorn', every employee is empowered to transform their ideas and challenges into new business ventures.

Objectives of 'UT101 Unicorn'

The primary goal of the 'UT101 Unicorn' program is to cultivate a culture of innovation within Union Tech. Employees are encouraged to submit their ideas, ranging from concepts to solutions addressing specific market needs. Following a structured evaluation process, selected projects will receive investments of up to 10 million yen to support their journey from initial idea to market-ready business.

This initiative aligns closely with Union Tech's mid-term growth strategy, 'UT101', which aims to produce 101 business leaders within five years leading up to December 2025. This strategy focuses on continuous innovation, enhancing cross-company collaboration, and contributing to the construction and architecture sectors, thus maximizing value across the expanded business chain.

The Structure of 'UT101 Unicorn'

The program is designed to guide employees through three key stages: idea submission, business development, and presentation for funding. Job applicants can propose ideas through a company chat tool and will then face a board of directors where decisions regarding feasibility and support funding will be made. Once selected, participants can collaborate with mentors to refine their business proposals before presenting to secure additional investment.

Importantly, the program allows for ideas to be submitted at any stage of development, enabling employees without fully fleshed-out plans to participate based on their creativity and insights. The dual support structure—initial funding of up to 1 million yen and potential investment of 10 million yen—ensures robust backing for promising ideas as they transition to business entities.

Insights from Leadership

Yuusuke Okawa, the President and CEO of Union Tech, expressed that the company has historically expanded by focusing on space creation. Moving forward, he believes that it is essential not only for the company to generate new business opportunities but also for every employee to become a catalyst for innovation. "'UT101 Unicorn' connects the ideas and challenges employees encounter with the creation of new value. By supporting these initiatives and nurturing them as actual businesses, we can broaden our employees' potential and, in turn, the value we deliver to our customers," he stated.

The continual pursuit of a culture where individuals are encouraged to innovate aligns with Union Tech's vision of fostering growth and ensuring that the company remains a breeding ground for new ventures.

Future Prospects

Through the 'UT101 Unicorn' initiative, Union Tech aims to reinforce its structure for continuous new business generation while nurturing the next wave of business leaders. By integrating this program into their mid-term strategy, the company is focused on extending value to customers and strengthening a sustainable growth framework.

As Union Tech moves forward, it seeks to bolster collective growth, crafting an environment that actively fosters the creation of diverse businesses that decisively contribute to the construction and architecture industry.

About Union Tech

Established in June 2000, Union Tech has developed a reputation for expertise in space creation with more than 10,000 successful projects in office and retail design and construction. With initiatives spanning various domains—including 'Workspace Production', 'Beauty & Medical Clinic', and 'Luxury Residence'—the company is positioned for continued growth aligned with its strategic vision. Union Tech remains committed to the mission of redefining standards within its industry.

Contact Details

• - Company Name: Union Tech Inc.
• - Established: June 2000
• - Headquarters: 4th Floor, 2-25-12 Dougenzaka, Shibuya, Tokyo
• - Business Scope: Design and Construction of Office/Retail Spaces, Building Value Upgrade, CG Perspective Creation
• - CEO: Yuusuke Okawa
• - Capital: 100 million yen
• - Mission: Build a new standard.
• - Corporate Site: Union Tech