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Announcement of the Winners of the Nippon Venture Awards

Preferred Networks, Inc. wins the Prime Minister's Award

May 23, 2019

On May 23, 2019, the Ministry of Economy, Trade and Industry (METI) decided on the winners of the Nippon Venture Awards and held a commendation ceremony at the Prime Minister’s Office. Under this awards program, the government of Japan honors promising, bold venture businesses that have created ground-breaking businesses. Preferred Networks, Inc., a venture business committed to solving challenges in society through excellent use of artificial intelligence, was recognized as a winner of the Prime Minister’s Award.

1. Details of the commendation ceremony

At the commendation ceremony, Prime Minister Abe carefully observed the products or services of the winners, including the fully-autonomous tidying-up robot system developed by Preferred Networks, Inc., and offered his praise and encouragement. He also stated that the government will continue to support venture businesses.

2. Winners

The committee of experts examined promising venture businesses and selected the winners of the awards as below.

Prime Minister’s Award Preferred Networks, Inc.
METI Minister’s Awards (Partnership of Venture Businesses and Large Enterprises) RAKSUL Inc.
Yamato Holdings Co., Ltd.
METI Minister’s Awards (Female Entrepreneur) READYFOR Inc.
MAFF Minister’s Award (Agriculture Venture Business Award) Farmnote Inc.
Special Jury Award WHILL, Inc.
Special Jury Award Uzabase, Inc.

Note: For details of the efforts made by the winners, see the attached brochure.

3. Outline of the awards program

This awards program aims to honor outstanding entrepreneurs and venture businesses for their creation of new businesses with positive impacts on society, as role models for young people and entrepreneurs who will play key roles in the next generation. This program also aims to raise both public awareness of the importance of making bold attempts to create ground-breaking businesses and to provide public recognition for entrepreneurs, encouraging people throughout the country to take on new challenges.

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