Growth Factors of Japanese Startups: Resource-based view analysis (Japanese)

Japanese start-ups are active in product development, but their human resource enhancement and intellectual property strategies are not advanced. In terms of funding, founder self-funding and loans are emphasized and reliance on venture capital funding is increasing. In terms of location, the emphasis is on attracting human resources and proximity to sales outlets, and they are looking for areas where it is easy to hire high-quality labor and obtain government support. Financing that emphasizes self-financing and private venture capital, location strategy that emphasizes access to hiring qualified employees, and entrepreneurial qualities that combine youthfulness and business experience are correlated with higher rates of sales growth. The results of the analysis suggest that policies that support start-ups' efforts in intellectual property strategy and talent acquisition, increasing the diversity of funding sources, and entrepreneurial support targeted to young and experienced personnel will promote the medium- to long-term growth of start-ups.