Entrepreneurial Approach to Japan’s Disaster Recovery
From HS Newswire, October 24, an interesting account of how Japan uses business people to facilitate disaster recovery. Their approach does share some similarities with the U.S. use of reservists and FEMA Corps, but emphasizes business and entrepreneurial skills. Some excerpts:
The 9.0 magnitude earthquake hit off the east coast of Japan in March 2011 killed more than 12,000 people, sent tsunami waves six miles inland, and damaged or completely flattened more than a million buildings; combined with the tsunami and the nuclear meltdown at Fukushima, it was the most economically damaging disaster in world history, costing Japan an estimated $235 billion, according to the World Bank; a Japanese organizations tries a new approach to disaster recovery: entrepreneurship
The 2011 Tōhoku earthquake, tsunami, and reactor meltdown spread havoc and destruction on the east coast of Japan, and more than a year later some areas are still recovering. A major contribution to the recovery has been the Tokyo-based Entrepreneur group called ETIC. Unlike more traditional recovery efforts, the group emphasizes an entrepreneurial approach to recovery.
ETIC was created in 1993 with the entrepreneur internship program. The program has placed 2,000 interns at startup companies and social enterprises in Japan.
Triplepundit reports that ETIC has created the Disaster Recovery Leadership Development Project. The biggest corporations in Japan have combined to send about 200 fellows to the recovery region for from three months to one year in order to help run temporary housing units, rebuild transportation systems,and help companies affected by the disaster recover and start-up again.
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- Earthquake Recovery in Japan: Entrepreneurs to the Rescue (triplepundit.com)