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Japan's Bioventures: Past, Present and Future

Author

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  • Shiaw Jia Eyo

    (Department of Global and Interdisciplinary Studies, Hosei University, Tokyo, Japan)

Abstract

This paper reviews the creation and the development of biotechnology start-ups in Japan known as "bioventures". In the early 1990s, the Japanese government began to introduce new policies to promote the development of bioventures. Within the span of a decade, the number of bioventures grew five times. However, majority of them continued to operate at the seed or start-up stage. This paper seeks to explore the underdeveloped state of bioventures in Japan, based on the case study method which includes the use of interviews and reviews of several policies and regulations. This paper also compares the development of Japanese biotechnology industry with the biotechnology industry in the US and Europe. This paper concludes that the lack of a sustainable system of funding is the real issue hindering the development of bioventures in Japan.

Suggested Citation

  • Shiaw Jia Eyo, 2014. "Japan's Bioventures: Past, Present and Future," International Journal of Innovation and Technology Management (IJITM), World Scientific Publishing Co. Pte. Ltd., vol. 11(05), pages 1-22.
    • Handle: RePEc:wsi:ijitmx:v:11:y:2014:i:05:n:s021987701450031x
    DOI: 10.1142/S021987701450031X
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    References listed on IDEAS

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    1. Michael R. Darby & Lynne G. Zucker, 1996. "Star Scientists, Institutions, and the Entry of Japanese Biotechnology Enterprises," NBER Working Papers 5795, National Bureau of Economic Research, Inc.
    2. Braguinsky, Serguey & Honjo, Yuji & 本庄, 裕司 & Nagaoka, Sadao & 長岡, 貞男 & Nakamura, Kenta & 中村, 健太, 2010. "Science-Based Business : Knowledge Capital or Entrepreneurial Ability? : Theory and Evidence from a Survey of Biotechnology Start-ups," IIR Working Paper 10-05, Institute of Innovation Research, Hitotsubashi University.
    3. Zucker, Lynne G. & Darby, Michael R., 1994. "The Organization of Biotechnology Science and Its Commercialization in Japan," Institute for Social Science Research, Working Paper Series qt9qf459t4, Institute for Social Science Research, UCLA.
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