Tokyo is fast becoming the city of choice for foreign companies. Entrepreneurs from around the globe choose Tokyo as their city of choice to launch a company. Let’s analyze together main reasons why Tokyo gained its popularity so fast and associated with economic growth.
Tokyo has long been having a reputation to be at forefront of innovation in the world. And there’s more that Tokyo can offer besides tech, including some amazing science museums and galleries offering a cornucopia of gadgets and visions of the future.
Numerous advantages for business
Tokyo has numerous advantages for businessmen, as growing venture capital base, it is considered innovation hub, has solid infrastructure, a highly educated talent pool and a lot of networking opportunities. The Japanese capital has risen rapidly since entering the top 10 of the Innovation Cities Index three years ago behind Paris, and was one of three Asian cities to feature this year.
Tokyo’s emergence as a hub of innovation is being recognized by industry experts like Startup Genome, a policy advisory and research organization with a focus on leading edge ideas and economic growth.
High value startups
Tokyo now is famous for high-value startups (over $50 million and $1 billion), as It offers solid funding system such as funding activity of investors.
It also offers good talents and educated workforce in particular the competitive number of STEM (science, technology, engineering, and mathematics). Japan gains ground in the quality of its universities with a higher overall score for its three best universities: University of Tokyo, Kyoto University, and Tokyo Institute of Technology.
Tokyo is home of startups
Among big startups there Tellus You Care Inc. – a B2B healthcare startup founded in 2017 which has bases in San Francisco and Tokyo.
Tellus creates a wall-mounted, contactless device that monitors the movements and vital signs (such as heart and breathing rates) of an elderly person in a room. This rich data allows carers and healthcare professionals to give quality care to patients or relatives. Its CEO was able not only to find corporate venture capital and venture capital support, but also companies with which they could partner for their first pilot projects.
Government initiative Tokyo One-Stop Business Establishment Center (TOSBEC) founded in 2015 aims to support businessmen and investors from abroad who want to launch a company in Japan. Founders from abroad or representatives of overseas-affiliated startups can speak face-to-face with consultants whose goal is to help them establish their company in Tokyo. Together with governmental support launching a nosiness in Japan is very smooth.
Tokyo supports innovation and creativity, helps to establish accelerator and incubator programs, it tops the overall innovation cluster improving the most in variables related to institutions, market sophistication, and creativity.
Have you ever thought to launch a business abroad? What country would you choose and why? Share your opinion in the comments below! I will be happy to answer any questions or submit your project to my team at Astorts Group for evaluation.
Alessandro Rocco Pietrocola is an entrepreneur and investor based in London and operating mainly in Europe, Asia and Oceania with main focus on UK, Baltic Countries, Russia, China, Hong Kong, Malaysia, Singapore, Middle East and New Zealand as area of interest! At the moment is the CEO of Astorts Group. He is an UK FCA (Financial Conduct Authority) Approved Person and is has great experience as director of regulated companies. He uses to dedicate part of his life to inspire others and help them achieve the most out of their life. Since he was 20, he had successfully founded and managed several companies operating in the field of management consulting, wealth management and fintech. He loves travelling, he is a cigars lover, an amateur golfer and a dapper man.