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Japan Fund on $10 Billion Quest to Discover the Next Elon Musk

  • Government-backed investor seeks out most promising startups
  • Nissan executive leads fund in search for driverless car tech

Toshiyuki Shiga is on a $10 billion quest to discover Japan’s top entrepreneurs, who can start companies as globally competitive as Tesla Motors Co. and Apple Inc.

The former chief operating officer of Nissan Motor Co. described the search as an urgent mission for Innovation Network Corp. of Japan, the state-backed investment fund he took over as chairman in June.