University Spin-Off Companies in Japan Prof. Masayuki KONDO - - PowerPoint PPT Presentation

university spin off companies in japan
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University Spin-Off Companies in Japan Prof. Masayuki KONDO - - PowerPoint PPT Presentation

University Spin-Off Companies in Japan Prof. Masayuki KONDO Yokohama National University M.Kondo 1 Outline of Presentation Recent movement University support Difficulties Profiles Potential M.Kondo 2 Up-Surge of


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M.Kondo 1

University Spin-Off Companies in Japan

  • Prof. Masayuki KONDO

Yokohama National University

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M.Kondo 2

Outline of Presentation

Recent movement University support Difficulties Profiles Potential

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M.Kondo 3

Up-Surge of University Spin-Off Companies in Japan

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p a n i e s i n J a p a n 2 3 1 6 8 1 1 7 2 6 4 8 1 1 5 5 1 1 5 1 9 9 1 9 9 1 1 9 9 2 1 9 9 3 1 9 9 4 1 9 9 5 1 9 9 6 1 9 9 7 1 9 9 8 1 9 9 9 2 2 1 y e a r N u m b e r

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U n i v e r s i t y S p i n

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p a n i e s

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M.Kondo 4

New spaper Articles on University Spin-off Companies in Japan

N u m b e r

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p a n i e s i n J a p a n 1 2 2 8 4 3 5 5 1 2 3 4 1 9 9 1 9 9 2 1 9 9 4 1 9 9 6 1 9 9 8 2 2 2 y e a r N u m b e r

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N e w s p a p e r A r t i c l e s

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M.Kondo 5

University Activities on Starting up Companies

L e c t u r e s C

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s u l t i n g O f f i c e s N a t i

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a l 7 1 %( 5 7 %) 7 1 %( 4 7 %) P u b l i c 2 2 ( 1 3 ) 2 4 ( 8 ) P r i v a t e 3 ( 2 ) 1 4 ( 1 1 )

Source: Year 2001Survey. ( ) shows Year 2000 Survey.

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M.Kondo 6

University-Related Venture Capital Funds

National Universities 5 ( under consideration 0) Public Universities ( under consideration 0) Private Universities 3 ( under consideration 19)

Source: Year 2001Survey.

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M.Kondo 7

Supports Received

From Universities

At the time of starting up 41% After start-up 50%

From Public Authorities

consulting 36% (consulting received from private sector 20%) Useful Public Assistance

subsidies 20% facilities such as incubators 16% Source: Year 2001 Survey.

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M.Kondo 8

Difficulties

At the time of starting up At the moment finance 22% finance 28% staff 17% staff 29% sales 13% sales 19%

  • ffice/lab.

10%

  • ffice/lab.

4% legal issues 10% management 7% accounting/financial management 9% university regulation 9% purchase 4% purchase 3% patent disputes 2% patent disputes 7%

Source: Year 2001 Survey.

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M.Kondo 9

Profiles of Entrepreneurs

Entrepreneurs

Faculty 64% Students 30% (Doctor course 7%, Master course 14%, Undergraduate course 9%)

Motives

Practical use of technology 40% Contribution to society 20% Commercialization of business ideas 18% Developing self competence 8% Making a fortune 3%

Source: Year 2001Survey.

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M.Kondo 10

Profiles of University Spin-Off Companies

Initial Staff

1-4 in 67% of University Spin-Off Companies

Initial Capital

5 – 10 million yen (38%), 10 – 30 million yen (25%), less than 3 million yen (12%) Founders covered 75 -100% of initial capital in 63% of University Spin-Off Companies

Intention of IPO

w ithin 5 years 30%, w ithin 10 years 32%

Source: Year 2001Survey.

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M.Kondo 11

University Researchers

Japan (in 2001) 166,731 USA (in 1995) 134.3 thousand Germany (in 1999) 66,695 France (in 1999) 56,717 UK (in 1998) 49,023