ECOSYSTEM DEVELOPMENT IN JAPAN JETRO TOKYO SEMINAR MARCH 2018
AGENDA ECOSYSTEM DEVELOPMENT INITIATIVES FROM AROUND THE WORLD PANEL STRATEGIES FOR INNOVATION ECOSYSTEM GROWTH IN JAPAN
ECOSYSTEM DEVELOPMENT INITIATIVES FROM AROUND THE WORLD
PRIMARY STAKEHOLDERS SECONDARY STAKEHOLDERS ACCESS TO RESOURCES INTRODUCTION Entrepreneurs Universities Access to Talent Government Incubators/ Co-working Access to Capital What makes for a thriving ecosystem? Talent Capital Regulatory Environment Density Culture Investors Corporations STAKEHOLDERS Nonprofits/ Associations / Events Mentors Access to Institutional Support Access to Customers RESOURCES Startups Government Capital Talent Investors Corporates Institutional Support Customers
SHAUN JOHNSON Co-Founder Studio Project Co-Founder & Board NYC Innovation Collective Advisor XL Africa
Co-Founder Science Vest RAMPHIS CASTRO Co-Founder, Board Member NYC Innovation Collective Director Emeritus Founder Institute Investment Committee Member Parallel18
CEO & Founder VentureOut BRIAN FRUMBERG Co-Founder & President NYC Innovation Collective Board of Directors Bond.ai Advisor FWD.us Actively.ai
NYC INNOVATION COLLECTIVE The most mature element to any thriving and selfsustaining ecosystem is a Virtuous Cycle. This requires a convening of conveners and resources. International Interconnection NYCIC shapes and strengthens the innovation ecosystem through increased collaboration, transparency and access. Our community includes 100+ innovation programs, representing thousands of tech companies in the NYC ecosystem. Exponential Strategies > N+1 Tactics Benefits of Collective Momentum - At Startup Speed STAKEHOLDERS RESOURCES Startups Government Capital Talent Investors Corporates Institutional Support Customers
METRICS NYC Innovation Collective ACCELERATOR MEMBERS INNOVATION PROGRAMS STARTUPS REPRESENTED 100+ 80+ 1000s
STARTUP INSTITUTE Talent curation, cultural curation, and outcomesbased education are critical to entrepreneurial workforce development. Mapping future of education & future of work Immersive education for the innovation economy and a talent pipeline of individuals with the network, skills, and mindset to be immediately impactful inside highgrowth tech companies. Long-tail entrepreneurship increasing odds of success Diversity in all ways STAKEHOLDERS RESOURCES Startups Government Capital Talent Investors Corporates Institutional Support Customers
METRICS Startup Institute PROFESSIONALS GRADUATED COUNTRIES OPERATED IN HIRING COMPANIES 2500+ 3 900
GIST INVESTORS Investor education program that works with in-country stakeholders to bolster local financial support for startups. Early-stage investment is one of the key elements that help a startup grow from a small, local enterprise into a source of innovation, employment, and economic growth. Focus is on existing investor communities and networks in order to provide local support for startups. Identifies key investors within a country or region who can benefit from participating in the training program. STAKEHOLDERS RESOURCES Startups Government Capital Talent Investors Corporates Institutional Support Customers
METRICS GIST Investors INVESTORS TRAINED NEW CAPITAL AVAILABLE 100 $200M
PARALLEL 18 A global accelerator program focused on attracting companies scaling into US & LatAm. Global-facing programs to highlight and promote key advantages of launching and scaling from the country create a pipeline of talent and capital into the region. Access to US market Access to Tier-1 engineering talent Access to tax-advantaged growth capital Access to LatAm/US as a micro-experiment hub Access to $40k equity-free + $75k follow-on STAKEHOLDERS RESOURCES Startups Government Capital Talent Investors Corporates Institutional Support Customers
METRICS Parallel 18 PORTFOLIO VALUE FUNDS RAISED COUNTRIES REPRESENTED COMPANIES RETAINED $300M $50M 40 50% YEARS ACTIVE # OF COMPANIES RETURN ON INVESTMENT 2 150 1:5
FOUNDER INSTITUTE The Founder Institute is the world s premier idea-stage accelerator and startup launch program. Idea-stage programs enable more of the country's talent to pursue the creation of startups that can fuel economic growth. Curriculum reflects the latest best practices in earlystage tech entrepreneurship. Liquidity pool enables shared upside for strengthening local ecosystem. Mentor network composed of experienced CEOs enables for robust ecosystem growth. STAKEHOLDERS RESOURCES Startups Government Capital Talent Investors Corporates Institutional Support Customers
METRICS Founder Institute PORTFOLIO VALUE COMPANIES IN PORTFOLIO SURVIVAL RATE FUNDS RAISED $15B 2,700 80% $1B MENTORS & EXPERTS ACTIVE CITIES JOBS CREATED 10,000 170 20,000
STARTUP BRASIL & STARTUP CHILE Creating ecosystem density through government accelerator and monetary incentive Startup Chile & Startup Brazil are both government initiatives to grow their local ecosystems through the support of local and foreign startups. $40-100k financing Financing model = local expense reimbursement Up to $78mm in government funding Soft Landing: 1 year business visa & 1 year office space Training and mentors Government Support: Chile: Ministry of Economy Brazil: Ministry of Science, Technology, Innovation and Communications (MCTIC) STAKEHOLDERS RESOURCES Startups Government Capital Talent Investors Corporates Institutional Support Customers
METRICS Startup Brasil and Startup Chile DOLLARS RAISED SURVIVAL RATE JOBS CREATED $420M 51% 5,000+ #OF REGISTRATIONS SUPPORTED STARTUPS #OF ACCELERATORS 2,800+ 180+ 17
VENTUREOUT & US EXPANSION PROGRAMS VENTUREOUT is a platform to create bridges from innovative ecosystems from around the world to the U.S. Leverage the assets of foreign tech ecosystems to grow your local ecosystem and create global success stories. Accelerate the growth of your ecosystem by creating a strong bridge to a larger tech community Virtuous Cycle: Conferences <> 1-Week <> 3-Month Proven success from Canadians, Germans and Czechs STAKEHOLDERS RESOURCES Startups Government Capital Talent Investors Corporates Institutional Support Customers
METRICS VENTUREOUT & US Expansion Programs COMPANIES ACCELERATED US LAUNCHES JOBS CREATED DOLLARS RAISED 800+ 75+ 150+ $250M PROGRAMS ORGANIZED GOVERNMENT CLIENTS MENTORS & EXPERTS 100+ 24 500+
CONNECTING THE JAPAN AND NYC ECOSYSTEMS VENTUREOUT Endeavor VENTUREOUT Explore 1 2 3 VENTUREOUT Execute CONFERENCES IN JAPAN Inspire large audiences Bootcamp w. top startups, corporates, investors JAPANESE EXPLORE NYC MARKET 1 Week programs 10 20 leaders explore and connect to NYC tech JAPANESE EXPAND TO NYC MARKET 3 6 Month soft landing Establish presence and execute expansion plans STARTUPS CORPORATES INVESTORS 4 Relationships drive NYC companies to Japan 5 Japanese success stories return for Endeavor Conference
Capital Opportunities CONCLUSIONS & RECOS Talent Inside & Out Simplified Regulatory Framework Initiatives that could be beneficial to the development of an innovative ecosystem in Japan. Building Bridges To Top Innovation Ecosystems Active Involvement of Corporates
PANEL STRATEGIES FOR INNOVATION ECOSYSTEM GROWTH IN JAPAN
KIYOSHI NAZAKAWA Director JETRO Representative (IPA New York) JETRO
MARK THOMAS Senior VP of Partnerships NYC Economic Development Corporation
SHAUN JOHNSON Co-Founder Studio Project Co-Founder & Board NYC Innovation Collective Advisor XL Africa
Co-Founder Science Vest RAMPHIS CASTRO Co-Founder, Board Member NYC Innovation Collective Director Emeritus Founder Institute Investment Committee Member Parallel18
CEO & Founder VentureOut BRIAN FRUMBERG Co-Founder & President NYC Innovation Collective Board of Directors Bond.ai Advisor FWD.us Actively.ai
STRATEGIES FOR INNOVATION ECOSYSTEM GROWTH IN JAPAN KIYOSHI NAKAZAWA JETRO IPA New York BRIAN FRUMBERG VentureOut Bond.ai NYC Innovation Collective SHAUN JOHNSON Studio Project XL Africa NYC Innovation Collective RAMPHIS CASTRO ScienceVest Founder Institute Parallel18 NYC Innovation Collective MARK THOMAS NYCEDC