Japan’s startup push may take decades to work, entrepreneur says

Building a vibrant venture capital ecosystem takes time, said Shibata, an angel investor who is also co-founder of enterprise software startup Tailor, which in June secured seed funding from US accelerator Y Combinator. — Bloomberg

Japan’s push to turbocharge its startup ecosystem as part of Prime Minister Fumio Kishida’s New Capitalism agenda will need at least a decade to bear fruit, according to a Japanese entrepreneur and angel investor.

A five-year goal has been set to boost the number of Japanese startups by tenfold and help entrepreneurs secure funding from the likes of the Government Pension Investment Fund and insurance companies. A ministerial post was created to promote startups, while the Japan Exchange Group Inc. has said it will explore ways to help them file for initial public offerings.