Japan’s Startup Push May Take Decades to Work, Entrepreneur Says
- Five years won’t create lasting momentum, entrepreneur says
- US Silicon Valley venture ecosystem took decades to build
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Japan’s push to turbocharge its startup ecosystem as part of Prime Minister Fumio Kishida’s New Capitalism agenda will need at least a decade to bear fruit, according to a Japanese entrepreneur and angel investor.
A five-year goal has been set to boost the number of Japanese startups by tenfold and help entrepreneurs secure funding from the likes of the Government Pension Investment Fund and insurance companies. A ministerial post was created to promote startups, while the Japan Exchange Group Inc. has said it will explore ways to help them file for initial public offerings.