Startup Capitalism: New Approaches to Innovation Strategies in East Asia
The last few decades have seen governments in East Asia provide increasing support for startups—new, high-growth, technologically oriented firms. Initiatives like the J-Startup programme strive to create cohorts of unicorns whilst also reinforcing Japan’s comparative advantages, with industrial leaders serving as coaches and judges for the programme. As such, these initiatives do not necessarily benefit the growth of startups as challengers to large, established firms.