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  • This was a fantastic and productive year for the Stanford Silicon Valley - New Japan Project. Momentum in Japan has gained for successfully harnessing Silicon Valley, and in Silicon Valley, the status of Japan has risen to the highest levels in at least 15 years. We firmly believe that Stanford SV-NJ provides a unique set of contributions to bridging the ecosystems of Japan and Silicon Valley. Our big event of the year, co-hosted by our strategic partner Ishin, was the Silicon Valley - New Japan Summit 2016, which revealed these forces: over 400 people gathered at the Alumni Center at Stanford, with over one hundred Japanese firms and approximately sixty Silicon Valley startups. With the morning as panels with large Japanese companies working successfully with startups, and startup pitches, and the afternoon session devoted to business matching with startups putting out booths, this was the biggest direct business matching

    event (without Venture Capitalists as an intermediary) in the Bay Area between Japanese companies and Silicon Valley startups that I know of. Our Stanford SV-NJ Public Forum Series with networking hosted a variety of exciting speakers, many of whom have not appeared elsewhere in talks around Silicon Valley or in Japan, but who provide valuable in-depth vantages into Japans startup ecosystem, harnessing Silicon Valley, or understanding entrepreneurship and technology issues. All of our public forum series are video recorded and available online at the website. We were particularly active in research, a core component of Stanford SV-NJ. I was delighted to publish a book in Japanese, aimed at a general audience providing a brief overview of the Silicon Valley ecosystem, incorporated into an argument about how software algorithms capturing an increasing range of human activity is the driving force behind areas such as

    Message from the Proje ct P.1

    Public For um S eries P.4

    Res earch and Public ation P.6

    In Me dia P.7

    Outreach and C onference P.8

    C as e Studies P.10

    Supp or ters P.11

    Res earchers and Staff P.13

    Stanford SV-NJ Project

    The Stanford Silicon Valley-New Japan Project, part of the Shorenstein Asia-Pacific Research Center Japan Program was launched in 2014 as there has been by a heightened interest in Silicon Valley as an innovation system. The interest is not only in Silicon Valleys entrepreneurism, but how entrepreneurship fits into the broader economic structure. Over the past few years, Silicon Valley has witnessed a new wave of Japanese startups (entrepreneurs, successful startups from Japan). This trend has occurred within the context of increased importance of innovation and entrepreneurship in Japan. A key challenge is not simply to try to duplicate the ecosystem, but to figure out how large firms, fast-growing large startups, and emerging startups can harness the Silicon Valley ecosystem.

    R e s e a r c h a n d P r o g r a m A c t i v i t i e s

    Program activities include a Public Forum Series with networking, outreach symposia and conferences, policy research and implementation as well as research and public output. The mission of the Project is to provide the intellectual background, analytical perspectives, and create knowledge and research while becoming a platform for dense interpersonal relations to enable Silicon Valley to benefit from Japan, and for Japan to better harness Silicon Valley.

    Stanford Silicon Valley-New Japan Project

    Year End Report

    Message from the Project

  • Fintech, Internet of Things, Artificial Intelligence, and others, enabled by a transformation of computing power from a scarce to an abundant resource. We also published several academic papers, book chapters, and working papers on topics such as the Japans startup ecosystem, the impact of digital technologies on innovation policy, and an edited academic volume, Information Governance in Japan: Towards a New Comparative Paradigm, in partnership with scholars from the US and Japan, co-edited by colleagues from Keio University and Minnesota State University. We also supported one of our research partners, the Berkeley Roundtable on the International Economy, in publishing several working papers dealing with the platform economy and other relevant and timely topics. We would like to highlight our case study series underway, focusing on Japanese startups in Silicon Valley. We are building a database of startups that had one or more Japanese citizens in the founding team, which were founded in, or have a significant presence in Silicon Valley. We are publishing brief case studies through interviews on our website to contribute to the knowledge base of Japanese entrepreneurship, and this year we were able to publish 11 cases, with many more currently underway. Special thanks to Tomohisa Kunisawa for joining us during the summer. As a university project, we are not actively seeking media attention, but

    SV-NJ activities and researchers did appear in media outlets such as Forbes Online, San Francisco Chronicle, NHK World, Nihon Keizai Shimbun, Nikkei Business, and of course from our strategic partners Ishin (Venture Tsushin and Tech Tsushin) and BaySpo. In our outreach activities, we strive to take many of the insights and findings by being at the nexus of Stanford University, Silicon Valley, and Japans startup ecosystem and large firms attempting to harness Silicon Valley, and disseminate these to a broad audience. Public seminar series in Tokyo through the Canon Institute of Global Studies, public symposia with Keio Universitys Media Design School, talk at the Institute of Global Economic in Korea and the Korea Development Institute, and a panel at the National Academy of Sciences in Washington DC were some highlights. Others included orchestrating a panel at the Japan New Economy Summit in April on Biomedical innovation, in which we invited two promising entrepreneurs and moderated the panel, judging the Tokyo regional startup pitch contest for the Startup World Cup hosted by Fenox VC, moderating a panel at GSV Labs put on by NEDO, orchestrating a panel on Finch at the US-Japan Council annual meeting, and presenting at the Trilateral Commission in Rome. We also played a significant role in planning a conference at Stanford, Womenomics, the workplace, and women: Stanford Silicon Valley US- Japan Dialogue 2016 aimed at learning

    Stanford Silicon Valley - New Japan Project

    Core MembersRichard Dasher

    Takeo HoshiKenji E. Kushida

    Kanetaka M. MakiJaclyn Selby

    StaffMeiko Kotani

    Elin MatsumaeAmanda Stoeckicht

  • lessons in both directions, going beyond the US simply telling Japan what to do. With Silicon Valley facing significant gender balance challenges while providing opportunities through creative personnel practices, the intent was for learning to go in both directions. Many of the participants from Silicon Valley and Japans startup ecosystem were from networks built through SV-NJ, and we are currently working on concrete policy recommendations to Japan that came out of a closed workshop following the open symposium. One of our goals is to become a platform for knowledge creation and to support researchers who may not necessarily be researching Japan, but whose research can be enhanced by ties to Japan. We were delighted to have Kanetaka Maki, now an Assistant Professor at the International Graduate Institute for Policy Studies as a postdoc for six months from 2015 to March 2016, and we have welcomed Dr. Jaclyn Selby as a research scholar who researches competitive dynamics in high tech and media industries, emphasizing innovation, startups and intellectual property. My sincerest personal thanks to our hardworking staff who make this program possible: Amanda Stoeckicht, Meiko Kotani, and Elin Matsumae. Finally, our heartfelt gratitude to the corporate supporters of Stanford SV-NJ that make our activities possible. At the Diamond level: Kozo Keikaku Engineering, Future Architect; at the

    Platinum level: Komatsu, Mistletoe; at the Gold level: Mitsubishi Heavy Industries, NEDO, World Innovation Lab; and at the Silver Level: ANA, Development Bank of Japan, KPMG Azsa, Mitsubishi Corporation, Rakuten, Sumitomo Mitsui Banking Corporation, Techfirm Group; and strategic partners: BaySpo, Ishin, and Industrial Growth Platform, Inc. We hope you had a wonderful year, and look forward to sharing another successful year with you in 2017.

  • Public Forum SeriesApproximately once a month, the Stanford SV-NJ Project holds public forums that explore issues of interest relat-

    ing to innovation, entrepreneurship, and the Silicon Valley New Japan relationship. This years topics ranged from Scaling Startups and Preferred Stock financing to Corporate venture and business development. Videos of all

    our public forums this year are available online.

    Is Financial Inclusion only an emerging markets, bottom-of-the-pyramid problem or is it also a challenge for the middle class and in developed countries too? December 5, 2016Anju Patwardhan, Fulbright Fellow at Stanford University and Partner with CreditEase[Video]

    Do Startups Learn When They Fail? Using Crowdfunding Data to Compare When and If Entrepreneurs Learn From Experience and ObservationNovember 2, 2016Jaclyn Selby, Research Scholar, Shorenstein Asia-Pacific Research Center Japan Program[Video]

    Patterns of Harnessing Silicon Valley: Impact of When (Only) the CEO and VP of a Tokyo Company Live in Sili-con ValleyOctober 14, 2016Noriyuki Matsuda, Founder & CEO, SOURCENEXT Corporation[Video]

    Corporate Venture Capital in Japan: Challenges and FutureSeptember 28, 2016Nobuhiko Hibara, Associate Professor, Waseda University[Video]

    Zero to One and One to Ten: The Art of Starting a Startup an


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