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Japan Businesses

Japan To Foster Startups By Sending 1,000 People To Silicon Valley (japantoday.com) 30

Posted by BeauHD from the experience-is-key dept.
Industry minister Koichi Hagiuda said in the United States Wednesday that Japan plans to encourage startup businesses by sending 1,000 people to Silicon Valley over five years to provide them with valuable entrepreneurial experience in the California tech hub. Japan Today reports: The government aims to draw up a five-year plan by year-end to target a 10-fold increase in the number of startup companies as part of its push to drive economic growth through innovation and the cultivation of human talent. Hagiuda told reporters after his visit to the headquarters of technology giant Google LLC that he was very impressed by the mentality there in which there is no fear of failure, and that it is something Japan can learn. "Struck out swinging is considered (an experience) that can lead (people) to the next stage, here in America," Hagiuda said.

The plan envisions sending 200 people from Japan to Silicon Valley annually starting in the new fiscal year that starts in April. It will expand a similar yet smaller program under which around 20 people have been sent there annually over the past seven years.Devoting more resources to startups is one of four pillars in the strategy Prime Minister Fumio Kishida has set out in pursuit of a new form of capitalism that focuses on growth through investment.
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Japan To Foster Startups By Sending 1,000 People To Silicon Valley More

Japan To Foster Startups By Sending 1,000 People To Silicon Valley

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  • What I consider is that Silicon Valley lost the sharpest minds during the corona exodus, so now the forefront location is declining.

  • While I agree with the WOKE tendency/thinking in Bay Area, in 2021 SFO+San Jose(Silicon Valley) received 37% of Venture capital funding. If one includes the Southern CA cities (LA+San Diego) the Venture capital share these 2 cities get in addition to SV is @10% in 2021.

  • Japan ministry establishes slush fund to send bureaucrats on holiday in California.

    • Japan is in a funk trying to advance for future while clinging to tradition. DX slowly progressing but harder on elderly and less educated. SoftBank tried on a smaller scale opening office in San Carlos sent a bunch of people 10 - 20 or so but scaled back. SB has office in LA too. Masa bought mega expensive house in area. Toyota long b4 Lexus sent team to U.S. to improve their designs. This initiative grabs headlines and some new depart gets budget to pick who. Not sure why Just very expensive SV , aerospac

      • Meanwhile, Japanese kids are still expected to be in uniform, to obey without question, and to dye their hair to a standard colour.

        I'm not sure, but I think blind obedience to the status quo is not how you get innovation and creativity.

        • Re: Translation (Score:4, Informative)

          by dhaen ( 892570 ) on Saturday July 30, 2022 @05:15AM (#62746578)
          Independent thinking has always been hammered down. It took me 10 years at a Japanese company before they started to consider my ideas.
          • Yet there are plenty of people outside of the traditional large companies that are more dynamic and more creative than the US.

            Just look at just their anime and manga industry. There are 13 episode anime with more creativity than almost anything put out in the West, non-animated. Their games industry doesn't rely on games that are about killing, aggression and destruction - games beloved by the US.That's not the sign of independent thinking always being hammered down.

            Japan's contributions to science an

    • Even if the only lesson those bureaucrats learn is that Japanese software developers are grossly underpaid, then that will have been money well spent on their part. Then, may be those bureaucrats can go back home and enact some changes.

  • Recession. Where is Japan sending these people to?
  • ... just wondering what the headline would be if this was China instead of Japan.
  • ... they will demand equal rights for lesbian primates! And unions!
  • They'll have to learn that you have to make up bullshit to trick VCs into funding an idea because it is "disruptive", and fake user engagement data so that they can get valuations of billions of dollars that they can never hope to actually make in revenue, let alone profit.

    The Japanese, if they're sensible, will realize that they've got a society that mostly works and provides for almost everyone, and that they don't need startups that have no reason to exist except to reinvent the wheel and become a Pon

  • Nothing new about this. Japanese companies have been doing this for at least 40 years that I'm aware of. Japanese companies are very very bought into N.I.H.: they go back to Japan and are told "here we do it our way."

  • Japan is suffering from (1) the mentality of a rapidly aging demographic that's becoming slower and slower to change, and (2) its endemic issue with internal cultural isolation that makes the first problem much worse.

    The psychological definition of "now" in Japan has become almost 30 years wide. IIRC, they just discontinued manufacturing cassette tapes in like 2016. So it's not just fear of failure that's holding them back: If you're not hungry for the new, even the boldest entrepreneur will just be lu

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