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Report Compiled on Results of Survey on University-Oriented Venture Businesses and Collection of Case Examples of Leading University-Oriented Venture Businesses’ Efforts for Team Building

- Number of such businesses reaches record high of over 2,500 -

May 15, 2020

The Ministry of Economy, Trade and Industry (METI) compiled the latest Report on the Results of the Survey on University-Oriented Venture Businesses. This FY2019 survey revealed that the number of such venture businesses (VBs) was 2,566 as of September 2019, showing an increase by 288 from 2,278 confirmed in FY2018 and reaching a record-high growth. METI considers it necessary to carefully watch the impact of expansion of the novel coronavirus disease on such VBs.

In addition to this report, METI compiled a Collection of Case Examples of Leading University-Oriented Venture Businesses’ Efforts for Team Building, focusing on team building, which is a key effort for business growth of such VBs.

1. Purpose and background

University-oriented VBs are expected to play a leading role in efforts for bringing about innovations in the economy and society based on innovative research results in universities and other organizations. Through a series of surveys, METI aims to: ascertain the current situation of the establishment of university-oriented VBs from various points of views; examine business environments, demands and other elements; and analyze factors that may contribute to business growth and thereby utilize the results for developing future policies.

Moreover, approaches to team building are key for university-oriented VBs to successfully bring about innovations to society. As part of the FY2019 survey, METI compiled a Collection of Case Examples of Leading University-Oriented Venture Businesses’ Efforts for Team Building, shown in Appendix 1, as a compilation explaining stories of leading university-oriented VBs that have been engaging in characteristic team building, e.g., acceleration of business establishment by winning human resources with rich experience in target business fields, by taking into consideration that such VBs are often inaugurated mainly by researchers.

2. Key points of the survey results

The important points of this survey, in particular, are shown on the following page. For more details of the survey, see Appendix 1 “Summary of the Results of the Survey on University-Oriented Venture Businesses” and Appendix 2 “Report on the Results of the Survey on University-Oriented Venture Businesses”.

3. Timing of achievements revealed by the survey

The survey targeted university-oriented VBs as of September 2019.

METI considers it necessary to closely watch how the ongoing expansion of the novel coronavirus disease may impact new establishment and business management of such VBs in the future.

Key point of the survey results

Marking a record high number of existing and newly established university-oriented VBs

The FY2019 survey reveals that the number of such existing VBs was confirmed to be 2,566. This figure shows an increase by 288, from 2,278 in FY2018, showing a record-high growth.

Showing the start of an era of competitiveness among top-level universities, a shift from the era of The University of Tokyo as the solo winner

The survey reveals that concerning the number of newly established VBs, The University of Tokyo still ranks the highest, while Kyoto University, Osaka University, Tohoku University, Kyushu University, the University of Tsukuba, Nagoya University and other universities increased their numbers of newly established VBs, closing the gap in the number of such VBs among top-level universities.

 
Ranking
(Ranking of the previous fiscal year)
Name of university FY2017 FY2018 FY2019
1 (1) University of Tokyo 268 271 269
2 (2) Kyoto University 154 164 191
3 (4) Osaka University 102 106 141
4 (5) Tohoku University 86 104 121
5 (6) Kyushu University 88 90 117
6 (3) University of Tsukuba 104 111 114
7 (9) Nagoya University 81 76 94
8 (8) Keio University 69 81 85
8 (7) Waseda University 79 82 85
10 (10) Tokyo Institute of Technology 69 66 75

Notes:

  1. Taking into consideration the time lag between the time of conducting the FY2019 survey (September 2019) and the time when newly established university-oriented VBs were ascertained, METI estimates that there are a certain number of such VBs that were not established when the survey was conducted.
  2. In the FY2019 survey, METI changed some processes for ascertaining the number of VBs that are taken by universities, and accordingly, the figures shown in the FY2019 survey are not simply comparable with those shown in the surveys in and before FY2018.

Team building as a key effort for business growth of university-oriented VBs

Based on the analysis of growth factors of university-oriented VBs, some pointed out that team building is considered important for the business growth of university-oriented VBs. While potentially-optimal teams may vary among such VBs due to a variety of factors, e.g., business strategies and business-growth stages, approaches to making use of ties with universities are considered as one of the factors for university-oriented VBs in the first half of the business growth stage, e.g., adopting a CTO who also serves or has experience serving as a researcher, and approaches to making ties with companies are considered as another significant factor contributing to business growth for such VBs in the latter half of the stage, e.g., accepting a CEO who has experience running a company.

In light of the importance of team building as seen above, METI compiled a Collection of Case Examples of Leading University-Oriented Venture Businesses’ Efforts for Team Building as a compilation explaining stories of leading university-oriented VBs that have been engaging in characteristic team building. For example, acceleration of business establishment by winning human resources with rich experience in target business fields, by taking into consideration that such VBs are often inaugurated mainly by researchers.

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