May 8, 2019
The Ministry of Economy, Trade and Industry (METI) released the results of the FY2018 Survey on University-Oriented Venture Businesses. Moreover, in collaboration with the New Energy and Industrial Technology Development Organization (hereinafter referred to as “NEDO”), it redesigned the Database on University-Oriented Venture Businesses, which was released in March 2018.
1. Purposes and key points
METI has been conducting a series of Surveys on University-Oriented Venture Businesses, aiming to hold discussions on effective support measures for university-oriented venture businesses (hereinafter referred to as “university-oriented VBs”) as strong, promising leaders of innovation.
Through these surveys, METI aims to ascertain the current situation of establishment of university-oriented VBs and to analyze factors that may contribute to business growth found through examination of business environments, demands and other elements.
2. Summary of the survey results
Changes in the number of university-oriented VBs
The number of university-oriented VBs increased by 185 businesses from the FY2017 survey.
Number of newly established university-oriented VBs per university
Following on from the FY2017 survey, the University of Tokyo remains the top university far ahead of others, while other universities, such as Kyoto University and the University of Tsukuba, have made significant growth. This shows the results of proactive efforts of respective universities for creating new VBs.
(Ranking of the previous fiscal year)
|Name of university||FY2016||FY2017||FY2018|
|1 (1)||The University of Tokyo||227||268||271|
|2 (2)||Kyoto University||103||154||164|
|3 (3)||University of Tsukuba||80||104||111|
|4 (4)||Osaka University||80||102||106|
|5 (8)||Tohoku University||76||86||104|
|6 (5)||Kyushu University||74||88||90|
|7 (6)||Waseda University||63||79||82|
|8 (11)||Keio University||57||69||81|
|9 (7)||Nagoya University||49||81||76|
|10 (9)||Tokyo Institute of Technology||65||69||66|
|11 (10)||Digital Hollywood University||44||53||51|
|12 (12)||Hokkaido University||48||51||50|
|13 (13)||Hiroshima University||41||46||45|
|13 (13)||Ryukoku University||36||43||43|
|15 (15)||Kyushu Institute of Technology||44||44||42|
|16 (18)||The University of Aizu||32||32||33|
|16 (16)||Okayama University||29||32||30|
|18 (20)||Ritsumeikan University||34||28||29|
|19 (19)||Nagoya Institute of Technology||21||27||28|
|20 (16)||Kobe University||27||32||28|
Current situation of IPO and M&A by university-oriented VBs
The number of listed university-oriented VBs was 64, and the total market capitalization thereof was approximately 2.4 trillion yen. Out of the 386 VBs that have dissolved after the FY2016 survey, 16 were dissolved due to M&A.
Analysis of growth factors of university-oriented VBs
Looking at the growth factors in the first half of the business growth stage for university-oriented VBs, many VBs: “have received funds from angel investors,” “made alliances with large Japanese companies,” “made alliances with universities or public research institutes,” or “have technical advisors who are engineers or researchers of large companies.”
Looking at such factors in the second half of the stage, many VBs “have a CEO with a rich career of business management at a company,” and this was found to be a significant result.
3. Database on University-Oriented Venture Businesses
Concerning the Database on University-Oriented Venture Businesses, which was released in March 2018, METI will operate the database in collaboration with NEDO so as to further enhance services and convey effective information to the public.
Division in Charge
Industry-University Collaboration Office, Industrial Science and Technology Policy and Environment Bureau