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The development path of the entrepreneurial ecosystem in Japan

Jae-Sue Park 1 Kim, Tae Young 2

1배재대학교
2강릉원주대학교

Candidate

ABSTRACT

The development path of the entrepreneurial ecosystem in Japan Park, Jae-Sue · Kim, Tae-Young Countries around the world have been supporting business establishments in order to promote entrepreneurship. Even though number of companies grew, it was a limited impact on economic growth. Thus, establishment policies began to change. So-called 'a gazelle enterprise' creating many new job opportunities has been the subject of policy. As a rule a gazelle is an extremely fast-growing company, which maintains consistent expansion of both employment and turnover by at least 20% per annum over a period of four or more years. In the case of Japan, policy on entrepreneurship has focused on technological innovation and environment. In order to construct an innovative environment, the location, cluster policy, and quantitative expansion policy of the university venture need to be considered to promote entrepreneurship. However, policy on Japan's entrepreneurship is unlikely to support enterprises with high growth potential. Japan's innovation environment has been limited by the formation of an ecosystem that facilitates the growth of the enterprise. The reason is that the socio-economic order to support the challenge and adventure of the entrepreneur is not clear. In the recent situation, instead of the innovative induction of the market through a direct investment of government, large and medium-sized enterprises have adjusted the policy to allow adventurous investment in the start-up. Nevertheless, in the investment and excavation of enterprises with high growth potential, venturing of large enterprises can not ensure whether or not to lead the innovation in the market. We are expecting active participation of large enterprises in the entrepreneurial ecosystem, but it supports the independent growth of the venture with high growth potential. As a member of the ecosystem, the role of large enterprises should be to observe whether or not to support the independent entrepreneurship in the creation and growth of the start-up.

Citation status

* References for papers published after 2023 are currently being built.