Japan's Startup Ecosystem Gains Global Recognition, Accelerated by Startup Genome's Hypergrowth Program
tl;dr
Japan's growing international recognition in the startup space is further reflected by Tokyo climbing 5 spots and ranking 10th in Startup Genome’s 2024 Global Startup Ecosystem Ranking.
Startup Genome's Hypergrowth program has played a crucial role in accelerating Japanese startups by providing mentorship, resources, and global market access to innovative startups like Aerosense and Yukai Engineering
As Japan looks to build a decentralized startup ecosystem, the "10X10X" goal aims to increase successful startups tenfold by 2027, driving ecosystem value and large-scale exits.
In an exciting development for Japan's rapidly evolving startup landscape, Tokyo has risen five spots to claim 10th place in the 2024 Global Startup Ecosystem Ranking (GSER), published by Startup Genome. This achievement reflects the growing international recognition of Japan's efforts to enhance its startup ecosystem, bolstered by key public-private initiatives.
Japan’s ascent in the rankings underscores the effectiveness of the "10X10X" goal outlined in the "Vision for Startup Advancement" by Keidanren and the Japanese government, aimed at increasing the number of successful startups tenfold by 2027. Central to this success is the strategic focus on expanding ecosystem value, fostering large-scale exits, and accelerating the growth of startups. The report highlighted Tokyo’s rising ecosystem value, boosted by significant exits, and emphasized the importance of further scaling seed-stage companies to unlock their full potential.
Startup Genome's Hypergrowth program has been instrumental in driving this momentum. With its focus on supporting next-generation startups, including several from Japan such as Aerosense and Yukai Engineering, the Hypergrowth program continues to offer crucial resources, mentorship, and global market access to startups eager to scale internationally.
As Japan looks to build a decentralized startup ecosystem similar to those in North America and Europe, the combined efforts of the government, private sector, and organizations like Startup Genome are paving the way for continued growth and success.
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