古い船を今動かせるのは古い水夫じゃないだろう- 日本およびイスラエルのスタートアップエコシステム分析ー
A PRELIMINARY STUDY FOR
A COMPARATIVE ANALYSIS OFHYBRID FUNDS IN
JAPAN AND ISRAEL.
2020.04.22

FACULTY OF ECONOMICS, HITOTSUBASHI

UNIVERSITY
YASUSHI HARAYASUSHI.HARA@R.HIT-U.AC.JP

CITED:(吉田拓郎 1970)(TAKURO YOSHIDA)SELF INTRODUCTION Yasushi HARA
1998-2004


2000




TOYOTA NATIONAL COLLEGE OF TECHNOLOGYExchange Student in Malaysia

2002-2009
CLARAONLINE, INC.


2009-2015


Institute of Innovation Research, HITOTSUBASHI UNIVERSITY

2015-2017
ICT Hosting Company, nowadays called Cloud system supplier

Science for RE-Designing Science, Technology and Innovation Policy Center, National Graduate Institute for Policy Studies(GRIPS) / NISTEP / Hitotsubashi UNIVERSITY/MANAGEMENT INNOVATION CENTER

2018-2019
EHESS Paris – CEAFJP/Michelin Research Fellow

OECD Expert Advisory Group: Digital Science and Innovation Policy and Governance (DSIP) and STI Policy Monitoring andAnalysis (REITER) project2019

TDB Center for Advanced Empirical Research on Enterprise and Economy, Faculty of Economics, Hitotsubashi University(almost confirmed :p)

RECENT ACTIVITIES Research Education

2020/4/23「経済学のための実践的データ分析 (Applied DataScience for Economics)」

4STARTING POINT….

STARTUP AND VENTURE CAPITALSTART UP, VC, CVC, and Public VC

START UP, VC, and CVC

START UPSTART UP

VentureCapitalCorporate
VentureCapitalVentureCapitalPublicVC

HYBRID FUND

Corporate
VentureCapitalSTART UP AND THE VALLEY OF DEATH

SOURCE: http://startup-port.com/references/thehidden-death-trap-for-all-startups-the-valley-of-death/(PRELIMINARY) RESEARCH DESIGN TO MAKE COMPARISION BETWEEN (BIO/ICT)START UPS in Japan and in Israel.

TreatedGroup IS HYBRID FUND/BRIDGEING FUND Program keyfactor for succession of the startup?

 METHODS
A. Statistical Characteristics

B. COMPARATIVE STUDYControlGroupPropensity Score Matching

DATASETS START UP IN JAPAN

INITIAL ENTERPRISE (AS KNOWN ASENTREPEDIA)
Teikoku Data Bank Database

 START UP IN ISRAELIVC Database

PARAMETERS IN INITIAL ENTERPRISE DATABASE(SUMMARY STATISTICS)

 TYPE OF FUNDING
 ESTABLISH YEAR STAGE OF FIRM


IPO/SpinOut/M&A/Bankrupt

 INDUSTRY CLASSIFICATION

 TYPE OF SHAREHOLDERS

 NUMBER OF EMPLOYEE NUMBER OF SUPPORTED FUNDING

 ORIGIN OF TECHNOLOGY

University Name

PROGRAM NUMBER OF ROUNDS

3.CASE OF ISRAEL STARTUPS.
STARTUP NATION FINDER/IVC DATABASES

START UP NATION FINDER https://finder.startupnationcentral.org/

PARAMETERS

Company Name

Contact Information

URLS



Main Address

Classification

Branch AddressGeneral DataManagement and Board

Company Stage



Name



Established Year



Title



Number of EmployeesPrevious Position

Reg. Number

Type of Technology

Member

Products and Phases



Title



Target Markets

Affiliation



Board

PARAMETERS(2) Financing Rounds
 R&D GrantsRounds



Data

Date

Stage

ValuationTotal Amount

Remarks

InvestorSeed

Stage



Date

Type

Valuation



AmountSHORT FINDINGS, SO FAR JAPAN

About 25 percent of start up are originally born from universities.



If public funding is major stakeholder, the number of stakeholder and the number of rounds are increasing.



Public Funding has positive impact on valuation.

 ISRAEL

A number of cross-disciplinary startups

TO DO LIST

 Use more comprehensive datasets;
For Israel startups; Start Up Nations

For Japanese Startups; Teikoku Databank Academic Presentations (but where?) /Publication/Working Papers

THANKS
E-MAIL:

YASUSHI.HARA@R.HIT-U.AC.JP

FACEBOOK:HTTPS://WWW.FACEBOOK.COM/YASUSHI.HARA

TWITTER:HTTPS://TWITTER.COM/HARAYASUSHI