Japanese Startup Ecosystem – Exclusive Year End Analysis – 2020

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Innovative business models and technologies support the growth of start-ups. Many start-ups are struggling to meet the demands of the societal changes brought about by the COWID-19 pandemic. Japan has been very careful about any activity that could contribute to the spread of the coronavirus. From closing educational institutions to closing nightlife venues and promoting a teleworking model, Japan has become more flexible. It is still difficult to say whether this new teleworking model will last, but what is certain is that the country’s original ecosystem has been transformed to meet the requirements of this new normality.

Successful Japanese starters during the crisis

Japan is the third largest economy in the world and its capital, Tokyo, is one of the most densely populated metropolises in the world. The country has seen some fascinating trends emerge on the eve of a pandemic. There has been an increase in the number of SaaS start-ups in terms of government-catalyzed digital transformation, growing adoption of SaaS in business, and maturing capital markets for the nascent ecosystem.

Many start-ups in Japan have had an impact on the entire ecosystem. For example, Blacksands offers a service solution that enables dynamic point-to-point encryption. Given the way business is done in Japan and the nature of Japanese culture, most companies are not used to working from home. Most organisations only dealt with the security problems associated with this teleworking model after the pandemic.

Another startup, Holoeyes, has improved medical procedures, treatment, planning and education. Your Holoeyes XR tool provides remote verification that can be used when loading a VR/RM application. This innovation has prevented the spread of VID-19.

Because primary and secondary schools have been closed as a result of the pandemic, Unirobot produces educational robots that function as home school teachers on the basis of artificial intelligence. Thanks to the COVID-19 effect, Money Forward Synca launched a free online service to match VC companies with start-ups, in which more than 20 VC companies participated. They also offer online fundraising tutorials for beginners.

Eventhub, a startup, offers a tool to maximize the return of your visitors thanks to a networking solution. Many companies use this tool for large conferences. It is possible to connect online with the participants and to book meetings and stream the event live. This allows the participants and the audience to watch the presentation and have a conversation with it at the same time.

The spread of the virus has changed Japanese society and the environment in which people live. A new environment has emerged, as has the demand for technologies and services that can meet these needs. That is why startups in Japan offering services adapted to this new standard are becoming increasingly important. This trend can be seen in the entire Japanese starting system.

Japanese starters who raised money despite the pandemic.

Playco, a mobile phone gambling company based in Tokyo, raised $100 million under the leadership of Sequoia Capital and angel investor Josh Buckley, allowing the company to go public like a national unicorn.

The health care sector has also benefited from a number of start-up financings this year. MedVigilance, a company that uses algorithms to analyze biological data to visualize health status, raised 30.2 million yen in funding in September 2020. CellAxia Inc., a carpet delivery bio-company focused on practical applications of advanced research such as cell therapy, received 700 million yen this year.

Japan’s health sector start-ups are increasingly focusing on clinical trials and telemedicine, which are important tools to overcome the COPID-19 crisis and future virus/disease epidemics. MICIN, a Tokyo-based start-up, is facing an unprecedented demand for its telemedicine solution, Curon. It is used by tens of thousands of patients throughout the country and by more than 4,000 clinics and hospitals across the country.

Another Tokyo-based start-up, Agatha, is taking some of the pain points of the clinical trials by offering automated processes for managing, creating and tracking clinical trial documents.

The Japanese starter ecosystem maturestimes.

The ecosystem of start-ups in Japan has evolved significantly over the past decade. Despite difficult times, the country’s nascent ecosystem is capable of bringing innovation and flexibility to a system that is often criticised for its rigidity. In Tokyo, the Startup Ecosystem Consortium was established in early 2020 to promote and support innovative local start-ups through collaboration between research institutes, the government and the private sector.

We’ll see what happens in 2021.

If you think that a news story, a start-up or any other function should be included in this story, please send a message to [email protected] We will be happy to review them and update them if necessary.

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