{"id":56,"date":"2023-02-10T10:25:48","date_gmt":"2023-02-10T01:25:48","guid":{"rendered":"https:\/\/staging-centralstartup-staging.kinsta.cloud\/en\/?p=56"},"modified":"2023-11-20T16:21:57","modified_gmt":"2023-11-20T07:21:57","slug":"this-is-your-life-so-make-it-worth-it-one-ex-bankers-words-are-spurring-the-next-cohort-of-startup-founders-at-nagoya-university","status":"publish","type":"post","link":"https:\/\/central-startup.jp\/en\/2023\/02\/10\/this-is-your-life-so-make-it-worth-it-one-ex-bankers-words-are-spurring-the-next-cohort-of-startup-founders-at-nagoya-university\/","title":{"rendered":"\u201cIt’s your life, so make it worth it\u201d One ex-banker\u2019s words are spurring the next cohort of startup founders at Nagoya University"},"content":{"rendered":"
\"\"
Idea Stoa: Nagoya University Co-Creation Studio<\/figcaption><\/figure>\n

Anyone who\u2019s been paying attention knows that startup acceleration is no longer a private affair. Universities worldwide have been investing time and money in attracting and creating startups and the Central Japan region is no exception. While Tokyo University is well known outside of Japan, Nagoya University has been attracting attention with its aggressive startup support.<\/span><\/p>\n

\u201cOur ultimate KPI is how many unicorns we can support, but in the immediate future, we are focusing on widening our net of support to positively impact as many Toukai area university students and those in the Tongali community as possible,\u201d Yukiko Konishi, Vice Director, Startup Promotion Office, Nagoya University explains. \u201cWe also get good feedback from those in the national government who\u2019ve supported our programs with funding \u2013 they gave us a top rating of \u201cS\u201d.\u201d<\/span><\/p>\n

\"\"
Yukiko Konishi, Vice Director, Startup Promotion Office, Nagoya University<\/figcaption><\/figure>\n

And how. Since the start of a cross-regional effort called Tokai Network for Global Leading Innovation Platform (Tongali) in 2015, Nagoya University has shepherded many students to successfully launching companies. One prominent alumnus is Ken Matsushita, the CEO of <\/span>Optimind<\/span><\/a>, which raised roughly 1-billion-yen in Series-A funding from Toyota and others in 2019 and featured in Forbes\u2019 30 Under 30 list.<\/span><\/p>\n

Recent startup success builds upon the university\u2019s rich history of technical prowess.<\/span><\/p>\n

\u201cNagoya University is a national university founded 150 years ago and is home to 6 Nobel Laureates\u201d explains Yukiko. Nagoya\u2019s Laureates contributed discoveries to the fields of chemistry and physics, including the industry-redefining invention of the blue LED.<\/span><\/p>\n

Located in Aichi Prefecture, a manufacturing hub for the automobile industry and others, Nagoya University has historically been the training ground for many of the technical and other talent that drives local companies such as Toyota, Brother, and Mitsubishi Heavy Industries. But in the past few years, it has focused more and more on startup support.<\/span><\/p>\n

\"\"
Yukiko stands with colleagues in front of the National Innovation Complex, a research facility that houses private industry, academic researchers, and administrative agencies, at Nagoya University<\/figcaption><\/figure>\n

In the university\u2019s Startup Promotion Office, launched in June 2021, a 10-person staff helps students and professors make their dreams and ideas into reality. Yukiko brings a mix of knowledge and personal experience to her role as Vice Director \u2013 she knows a thing or two about pursuing your dreams. After 15 years at what was then Japan\u2019s biggest bank, during which time she also supported her husband through the launch of his own business, Yukiko decided it was time for a change for herself. Taking her two daughters with her, she left the bank to study management in the U.S. and returned to Japan to earn a PhD in the same field.<\/span><\/p>\n

\u201cI believe in paying it forward,\u201d says Yukiko. Her post-bank career speaks to that \u2013 since late 2014, she\u2019s taught and supported students at multiple Japanese universities. But she found the opportunity of a lifetime at Nagoya University driving their startup program in 2019, then helping the launch of the Startup Promotion Office in June 2021.\u00a0<\/span><\/p>\n

Since its creation, Nagoya University played a central role in Tongali, a regional startup support network made up of several universities around the Central Japan area. The network supports student and faculty startups, including those launched by international students, via mentoring, coworking spaces, funding, and entrepreneurship training.<\/span><\/p>\n

\"\"
Entrepreneurs and students show off their awards at the end of the 2021 Tongali Business Plan Contest, held at the Nagoya Noh Theater<\/figcaption><\/figure>\n

Professors and students belonging to Nagoya University can leverage the research they\u2019ve done at the university in ventures, apply for financial aid to advance the research and even receive a few months of intensive management training. \u201cWe think of the university as a greenhouse that helps founders until they\u2019re ready to go out into the real world,\u201d she explains.<\/span><\/p>\n

Nagoya City and Aichi Prefecture are natural places for that. \u201cThe environment here welcomes challengers. It\u2019s okay to fail \u2013 we have a safety net here so that experience can be leveraged into success,\u201d she explains.<\/span><\/p>\n

Founders in a Global Startup City such as Nagoya can rely on the national government for financial support in the first 5 years of launching their business. These Cities also offer a wide range of opportunities to pitch business concepts and gain the attention of potential funders and the media.<\/span><\/p>\n

A Nagoya transplant herself, Yukiko says she finds it to be just the right amount of city. \u201cThere\u2019s almost none of the stress of commute you\u2019d find in bigger cities. Rent is cheap and, for those with children, the level of education is high.\u201d Yukiko sometimes reflects on her experience supporting her husband in starting his business.<\/span><\/p>\n

\u201cWhen my husband came to me at 36 years old and said he wanted to quit his job to start his own company, I encouraged him, telling him \u2018You only live once, so make it worth it.\u2019 We took on the risk as a team despite having two children to support. Now he\u2019s successful and well-known in his field,\u201d says Yukiko. Surely, her philosophy of supporting risk takers, not to mention taking risks for her own career rewards, made her the perfect person to bring Nagoya University to the next level of startup acceleration.<\/span><\/p>\n

\u201cPersonally, I think our university is different from any in Japan. Ours is open to the outside world. Students from other universities participating in the Tongali project can feel at ease here, as if it were their home campus. That\u2019s exactly what we envisioned. We hope to build big things together.\u201d<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Anyone who\u2019s been paying attention knows that startup acceleration is no longer a private affair. Universities worldwide have been investing time and money in attracting and creating startups and the Central Japan region is no exception. While Tokyo University is well known outside of Japan, Nagoya University has been attracting attention with its aggressive startup support. \u201cOur ultimate KPI is how many unicorns we can support, but in the immediate future, we are focusing on widening our net of support to positively impact as many Toukai area university students and those in the Tongali community as possible,\u201d Yukiko Konishi, Vice Director, Startup Promotion Office, Nagoya University explains. \u201cWe also get […]<\/p>\n","protected":false},"author":1,"featured_media":61,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-56","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-supporters"],"acf":[],"yoast_head":"\n\u201cIt's your life, so make it worth it\u201d One ex-banker\u2019s words are spurring the next cohort of startup founders at Nagoya University - CENTRAL JAPAN STARTUP ECOSYSTEM CONSORTIUM<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/central-startup.jp\/en\/2023\/02\/10\/this-is-your-life-so-make-it-worth-it-one-ex-bankers-words-are-spurring-the-next-cohort-of-startup-founders-at-nagoya-university\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u201cIt's your life, so make it worth it\u201d One ex-banker\u2019s words are spurring the next cohort of startup founders at Nagoya University - CENTRAL JAPAN STARTUP ECOSYSTEM CONSORTIUM\" \/>\n<meta property=\"og:description\" content=\"Anyone who\u2019s been paying attention knows that startup acceleration is no longer a private affair. 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