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 University Spin-Off Companies in Japan U n i v e r s i t y S p i n - O f f C o m p a n i e s i n J a p a n 2 0 0 1 1 0 5 2 0 0 0 1 0 0 1 9 9 9 4 8 1 9 9 8 2 6 1 9 9 7 1 7 y 1 9 9 6 1 0 e a 1 9 9 5 8 r 1 9 9 4 6 1 9 9 3 1 1 9 9 2 3 1 9 9 1 0 1 9 9 0 2 0 5 0 1 0 0 1 5 0 N u m b e r o f U n i v e r s i t y S p i n - O f f C o m p a n i e s M.Kondo 3

New spaper Articles on University Spin-off Companies in Japan N u m b e r o f N e w s p a p e r A r t i c l e s o n U n i v e r s i t y S p i n - o f f C o m p a n i e s i n J a p a n 2 0 0 2 3 5 5 8 4 2 0 0 0 2 2 1 9 9 8 1 r 0 a e 1 9 9 6 0 y 0 1 9 9 4 0 0 1 9 9 2 0 0 1 9 9 0 0 0 1 0 0 2 0 0 3 0 0 4 0 0 N u m b e r o f N e w s p a p e r A r t i c l e s M.Kondo 4

University Activities on Starting up Companies L e c t u r e s C o n s u l t i n g O f f i c e s N a t i o n 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 0 ( 2 0 ) 1 4 ( 1 1 ) Source: Year 2001Survey. ( ) shows Year 2000 Survey. M.Kondo 5

University-Related Venture Capital Funds � National Universities 5 （ under consideration 0 ） � Public Universities 0 （ under consideration 0 ） � Private Universities 3 （ under consideration 19 ） Source: Year 2001Survey. M.Kondo 6

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. M.Kondo 7

Difficulties � At the time of starting up At the moment � finance 22 ％ finance 28% � staff 17 ％ staff 29 ％ � sales 13 ％ sales 19 ％ � office/lab. 10 ％ office/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. M.Kondo 8

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. M.Kondo 9

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. M.Kondo 10

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 M.Kondo 11