This is a transcript of a BBL seminar by the Research Institute of Economy, Trade and Industry discussing strategies to make Japan a global startup hub by 2032.
In Phil Wickham's key recommendations, "imagination" is positioned as the most important element of innovation, with the government's role defined as "racetrack preparation." He emphasizes the importance of world-class deregulation and accepting talented human resources. It is noted that the mindset of Japan's young talent is changing, with Tokyo's advantages cited as high quality of life, presence of numerous large corporations, and potential to attract technical immigrants.
The METI PIVOT project proposes measures focusing on mobilization of human resources, technology, and facilities; promotion of cross-border learning; activation of intellectual property aggregation business; and shared use of research facilities. Specific policies proposed include a "sowing seeds" approach through numerous small-scale investments, transition to global standard accounting methods, promotion of startup acquisitions by large corporations, and creation of free investment environments without boundary consciousness.
Challenges identified include responses to fields requiring high initial investments such as AI and quantum computers, elimination of vertical administrative divisions between ministries, and strategic cooperation with the United States.
The article concludes that making Tokyo one of the world's leading startup hubs by 2032 requires fundamental reform of the innovation ecosystem and strengthening international competitiveness.