The tech Korean ecosystem is finally entering the “Scaleup phase” powered from foreign capital, according to a new Report launched today by the innovation advisory firm Mind the Bridge and KITA - Korea International Trade Association during “NextRise 2020 Seoul”, a global startup conference and exhibition to connect Korean startups with the global startup ecosystem.
The very visible Government’s effort to create a healthy, growing and self-sustainable startup ecosystem, seems to be paying off. While in our methodology we tend to shy away from the logic behind the solo counting of Unicorns (whose market evaluation is often very volatile), and we rather base our ranking in the amount of funds raised and other variables, South Korea seems to hit on all cylinders lately: a growth in funding, exits and, yes, also the always resounding, number of “Unicorns”.
Launch of the brand-new “Japanese Corporate Innovation in Silicon Valley” Report written by Mind the Bridge with the support of Jetro, during a digital event with the CEO of Mind the Bridge Marco Marinucci and the Executive Director at JETRO San Francisco Noriya Tarutani, both LIVE from San Francisco. Japan is once again the country that has by far the largest presence of corporations in the Bay Area.
While reviewing the presence of corporate innovation outposts of the largest companies in the world in Silicon Valley in 2019, two major insights became clear: • Japan is the country that has by far the largest presence of corporations in the Bay Area, • Japan is the country where a significant chunk of capital deployed in Silicon Valley is originated. Understanding better the dynamics of these 2 trends has been the main driving force for this report.