Analysis and Comparison of the Biotech Startup Ecosystem in the United States and Japan

Analysis and Comparison of the Biotech Startup Ecosystem in the United States and Japan
Author: Ayano Kagami
Publisher:
Total Pages: 178
Release: 2019
Genre:
ISBN:

Many regions and cities, including in Japan, are interested in developing a biotech startup ecosystem. Therefore, there are several strategies and policy instruments in Japan to promote medical research and development and collaboration among universities and industries, and to foster entrepreneurship in Japanese society. However, a startup ecosystem is a complicated system because there are many stakeholders and many ways of interactions among them. For this reason, it is assumed that the coordination of many factors, such as governments' policies and the academic and industrial environment, is required to develop the ecosystem. The Greater Boston area, where MIT is located, is a world-renowned biotech cluster. Many countries and cities have been trying to imitate this cluster, but just copying the ecosystem might not work in other cities because the environment surrounding the ecosystem is different from cluster to cluster. In this study, we analyze and compare the biotech startup ecosystems in the U.S. (Greater Boston and San Francisco Bay Area) and Japan (Tokyo (Kanto region) and Kyoto (Kinki region)) in order to understand the key factors required for developing the ecosystem and to get insights for developing an ecosystem in Japan. We also analyze universities locating within these areas from the standpoint of the interface machinery between academic research and industry. In the analysis, we compare the stakeholders and their network in each cluster and explore the advantages and challenges of Japanese clusters. For universities, we also compare the system of managing the intersection of academic researchers and industries in each university and explore the functions and features of offices involved in the system. The results of the analysis suggest that the Japanese biotech startup ecosystems have several challenges: the weakness of the network among stakeholders and of the support system for startups; the low level of entrepreneurship and of opportunities to foster it; and the limitation in the capital available. These challenges exist even though there is strong support from the governments and there are well-organized systems in universities for supporting not only collaboration with industry but also startups and student entrepreneurship. Therefore, taking advantage of the system in universities and utilizing them as the community and/or platform for stakeholders in the ecosystem, including the promotion of entrepreneurial education, might help Japanese clusters to develop successful biotech startup ecosystems.

Analysis and Comparison of the Creation of University Spin-off Startups in Deep Tech Between the United States and Japan

Analysis and Comparison of the Creation of University Spin-off Startups in Deep Tech Between the United States and Japan
Author: Masumi Ito (Business management researcher)
Publisher:
Total Pages: 0
Release: 2023
Genre:
ISBN:

Research-based universities have played a significant role in the economic growth of nations, particularly in the United States, where companies originating from these universities have generated substantial employment opportunities and revenue. There exists a substantial disparity in the number of spin-off companies created from these universities between the United States and Japan. Although Japan is not far behind the United States in terms of patent numbers, it significantly lags behind in successfully commercializing research outcomes through the establishment of startups. Therefore, this thesis focuses on the Massachusetts Institute of Technology (MIT), a leading institution in spin-off creation in the United States, and the University of Tokyo, the leading institution in Japan. The objective is to investigate how their university-based ecosystems, including university-supported venture capital initiatives and on-campus entrepreneurship programs, influence the establishment of university spin-offs. The analysis is conducted through interviews and a literature review to examine the impact of these ecosystems on the formation of university spin-off startups. Many of the spin-off startups emerging from research-based universities fall under the category of "deep tech" companies, which are based on long-term research outcomes and require substantial investments and development time. Consequently, a funding gap referred to as the "valley of death" arises, presenting a unique financial challenge for entrepreneurs between research invention and commercialization. It is essential for entrepreneurs to overcome this funding gap, and thus, we also investigate how university spin-offs in Japan and the United States make fundraising choices to bridge the capital gap. By conducting these surveys, we aim to gain insights into the effectiveness of university-affiliated venture capital firms, university spin-off startups, and the overall university ecosystem.

The Race to Commercialize Biotechnology

The Race to Commercialize Biotechnology
Author: Steven Collins
Publisher: Routledge
Total Pages: 209
Release: 2004-07-31
Genre: Business & Economics
ISBN: 1134456093

This comparative study looks at the early development of biotechnology in the US and Japan. Drawing on primary and secondary sources it traces the historical roots of recombinant DNA technology, discusses the tensions between regulation and promotional policies and identifies the major actors and strategies that launched biotechnology in both countries. Developing several strands of theory in economic history, science and technology policy, the book proposes a simple model that relates the differences in the two countries' responses to variations in the availability of institutional, financial and organizational resources needed to commercialize the new technology.

Star Scientists, Institutions, and the Entry of Japanese Biotechnology Enterprises

Star Scientists, Institutions, and the Entry of Japanese Biotechnology Enterprises
Author: Michael R. Darby
Publisher:
Total Pages: 60
Release: 1996
Genre: Biotechnologists
ISBN:

Advance of science and its commercial applications are in a close, symbiotic relationship in the U.S. biotechnology industry. Comparing Japan and the U.S., the structure of the science appears broadly similar, but the organization of the biotechnology industry is quite dissimilar. In the U.S., some 77 percent of new biotechnology enterprises (NBEs) were dedicated new biotechnology firms (NBFs) started for this purpose while 88 percent of Japanese biotech firms in our data base were subunits of existing firms (NBSs). We report pooled poisson regression estimates of the relation of NBE births in Japan to top-producing is at work in Japan and America, stars in Japan induce entry of significantly fewer NBEs than in the U.S. and preexisting economic activity plays a greater role. We find no such significant difference for entry of keiretsu-member and nonmember firms within Japan. We relate the significant Japan-U.S. differences to Japan's relatively compact geography and institutional differences between the higher-education and research funding systems, the venture-capital and IPO markets, cultural characteristics and incentive systems which impact scientists' entrepreneurialism, and tort-liability exposures. The relative importance of these factors and whether differences in organization of biotechnology result in substantial differences in productivity and international competitiveness are issues for future research.

The Race to Commercialize Biotechnology

The Race to Commercialize Biotechnology
Author: Steven Wayne Collins
Publisher:
Total Pages: 209
Release: 2004
Genre: Biotechnology industries
ISBN: 9780203687789

This comparative study looks at the early development of biotechnology in the US and Japan. Drawing on primary and secondary sources it traces the historical roots of recombinant DNA technology, discusses the tensions between regulation and promotional policies and identifies the major actors and strategies that launched biotechnology in both countries. Developing several strands of theory in economic history, science and technology policy, the book proposes a simple model that relates the differences in the two countries' responses to variations in the availability of institutional, financia.

Preparing for Future Products of Biotechnology

Preparing for Future Products of Biotechnology
Author: National Academies of Sciences, Engineering, and Medicine
Publisher: National Academies Press
Total Pages: 231
Release: 2017-07-28
Genre: Science
ISBN: 0309452058

Between 1973 and 2016, the ways to manipulate DNA to endow new characteristics in an organism (that is, biotechnology) have advanced, enabling the development of products that were not previously possible. What will the likely future products of biotechnology be over the next 5â€"10 years? What scientific capabilities, tools, and/or expertise may be needed by the regulatory agencies to ensure they make efficient and sound evaluations of the likely future products of biotechnology? Preparing for Future Products of Biotechnology analyzes the future landscape of biotechnology products and seeks to inform forthcoming policy making. This report identifies potential new risks and frameworks for risk assessment and areas in which the risks or lack of risks relating to the products of biotechnology are well understood.