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Shorenstein APARC's annual report for the academic year 2022-23 is now available.

Learn about the research, publications, and events produced by the Center and its programs over the last academic year. Read the feature sections, which look at Shorenstein APARC's 40th-anniversary celebration and its conference series examining the shape of Asia in 2030; learn about the research our postdoctoral fellows engaged in; and catch up on the Center's policy work, education initiatives, publications, and policy outreach. Download your copy or read below:

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Cover of book "Drivers of Innovation"

Innovation and entrepreneurship rank highly on the strategic agenda of most countries today. As global economic competition intensifies, many national policymakers now recognize the central importance of entrepreneurship education and the building of financial institutions to promote long-term innovation, entrepreneurship, and economic growth. Drivers of Innovation brings together scholars from the United States and Asia to explore those education and finance policies that might be conducive to accelerating innovation and developing a more entrepreneurial workforce in East Asia. 

Some of the questions covered include: How do universities in China and Singapore experiment with new types of learning in their quest to promote innovation and entrepreneurship? Is there a need to transform the traditional university into an “entrepreneurial university”? What are the recent developments in and outstanding challenges to financing innovation in China and Japan? What is the government’s role in promoting innovative entrepreneurship under the shadow of big business in South Korea? What can we learn about the capacity of services to drive innovation-led growth in India? 

Drivers of Innovation will serve as a valuable reference for scholars and policymakers working to develop human capital for innovation in Asia.

Contents

  1. Educating Entrepreneurs and Financing Innovation in Asia 
    Fei Yan, Yong Suk Lee, Lin William Cong, Charles Eesley, and Charles Lee
  2. Fostering Entrepreneurship and Innovation: Education, Human Capital, and the Institutional Environment 
    Charles Eesley, Lijie Zhou, and You (Willow) Wu
  3. Entrepreneurial Scaling Strategy: Managerial and Policy Considerations 
    David H. Hsu
  4. Innovation Policy and Star Scientists in Japan 
    Tatsuo Sasaki, Hiromi S. Nagane, Yuta Fukudome, and Kanetaka Maki
  5. Financing Innovation in Japan: Challenges and Recent Progress 
    Takeo Hoshi and Kenji Kushida
  6. Promoting Entrepreneurship under the Shadow of Big Business in Korea: The Role of the Government 
    Hicheon Kim, Dohyeon Kim, and He Soung Ahn
  7. The Creativity and Labor Market Performance of Korean College Graduates: Implications for Human Capital Policy 
    Jin-Yeong Kim
  8. Financing Innovative Enterprises in China: A Public Policy Perspective 
    Lin William Cong, Charles M. C. Lee, Yuanyu Qu, and Tao She
  9. Forging Entrepreneurship in Asia: A Comparative Study of Tsinghua University and the National University of Singapore 
    Zhou Zhong, Fei Yan, and Chao Zhang
  10. Education and Human Capital for Innovation in India’s Service Sector 
    Rafiq Dossani
  11. In Need of a Big Bang: Toward a Merit-Based System for Government-Sponsored Research in India 
    Dinsha Mistree
  12. The Implications of AI for Business and Education, and Singapore’s Policy Response 
    Mohan Kankanhalli and Bernard Yeung

 

 

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Entrepreneurship, Education, and Finance in Asia

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Shorenstein APARC
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The Bay Area Council Economic Institute and the Walter H. Shorenstein Asia-Pacific Research Center Japan Program invite you to a forum on the critical transformations underway in Japan’s economy and the unique synergies that connect it to the Bay Area. The program will include a discussion of the high-level findings of a new report by the Bay Area Council Economic Institute on Japan’s economic engagement in the San Francisco/Silicon Valley Bay Area, and the role the region is playing as California and Japan look to expand trade and investment and accelerate innovation. Leading experts and practitioners from both Japan and the Bay Area will join us for this discussion. 

This event is brought to you by the Shorenstein Asia-Pacific Research Center Japan Program and the Bay Area Council Economic Institute, in cooperation with the Japan Society of Northern California.

 

Agenda

 

1:00pm          Welcome

     Jim Wunderman, President & CEO, Bay Area Council

     Hon. Tomochika Uyama, Consul General of Japan

     Takeo Hoshi, Director, Shorenstein APARC Japan Program

1:10pm          Introduction of Bay Area Council Economic Institute Report: High-Level Findings

     Sean Randolph, Senior Director, Bay Area Council Economic Institute

1:30pm          Observations and Silicon Valley Overview

     Kenji Kushida, Research Scholar, Stanford University

1:45pm          Panel 1: The Emerging New Japan 

     Kanetaka Maki, Associate Professor, Waseda Business School

     Mio Takaoka, CFO, Medical Note and Partner, Arbor Ventures

     Takeshi Ebihara, Founding GP, Rebright Partners

     Emre Yuasa, Principal, Globis Capital Partners

     Sean Randolph, Senior Director, Bay Area Council Economic Institute (Moderator)

2:45pm          Panel 2: Japanese Companies in Silicon Valley Creating Value in New Ways

     Hiroshi Menjo, Managing Partner, Net Service Ventures

     Tsunehiko Yanagihara, Executive VP, Mitsubishi Corp M-LAB

     Gen Isayama, General Partner & CEO, World Innovation Lab

     Dennis Clark, Managing Director, Honda Innovations

     George Saikalis, SVP & CTO, Hitachi America, Ltd.

     Kenji Kushida, Research Scholar, Stanford University (Moderator)

4:00pm         Closing Remarks 

Bechtel Conference Center
Encina Hall
616 Serra Mall, Stanford, CA 94305

Panel Discussions
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This is part 2 of a talk presenting how innovative large Japanese companies are harnessing Silicon Valley. It is a review of the fireside chats and panels presented at the Silicon Valley – New Japan Summit last November at Stanford, which was in Japanese. The talk adds some historical context, and introduces through many of the company cases from the summit, including Panasonic, Fuji Film, Itochu, Rakuten, Obayashi, Nomura Holdings, Sourcenext, Komatsu, SMBC, and Toyota Research Institute.

The current surge of large Japanese companies into Silicon Valley is focused on firms aiming to identify new opportunities to collaborate with the startup ecosystem in order to understand future technological and industry trajectories, to facilitate new forms of “open” innovation within the company, and in some cases to even redefine how to add value to their core offerings. However, given a vast differently economic context from their core operations in Japan, many of the large Japanese firms’ initial forays tend to fall into patterns of “worst practices” that are ineffective. Yet, a small but growing number of innovative Japanese companies are producing novel and valuable collaborations with a variety of Silicon Valley firms, investors, and ecosystem players. The talk will survey a range of strategic options available to Japanese companies, with implications for how to better adapt companies from Japan to Silicon Valley, and more broadly from different political economic systems.

SPEAKER:

Kenji Kushida, Research Scholar, Shorenstein APARC Japan Program and Stanford Silicon Valley-New Japan Project Leader

BIO:

Kenji E. Kushida is the Japan Program Research Scholar at the Shorenstein Asia-Pacific Research Center at Stanford University (APARC), Project Leader of the Stanford Silicon Valley – New Japan Project (Stanford SV-NJ), research affiliate of the Berkeley Roundtable on the International Economy (BRIE), International Research Fellow at the Canon Institute for Global Studies (CIGS), and Visiting Researcher at National Institute for Research Advancement (NIRA). He holds a PhD in political science from the University of California, Berkeley, an MA in East Asian studies and BAs in economics and East Asian studies, all from Stanford University.

Kushida’s research streams include 1) Information Technology innovation, 2) Silicon Valley’s economic ecosystem, 3) Japan’s political economic transformation since the 1990s, and 4) the Fukushima nuclear disaster. He has published several books and numerous articles in each of these streams, including “The Politics of Commoditization in Global ICT Industries,” “Japan’s Startups Ecosystem,” “Cloud Computing: From Scarcity to Abundance,” and others. His latest business book in Japanese is “The Algorithmic Revolution’s Disruption: a Silicon Valley Vantage on IoT, Fintech, Cloud, and AI” (Asahi Shimbun Shuppan 2016).

He has appeared in media including The New York Times, Washington Post, Nihon Keizai Shimbun, Nikkei Business, NHK, PBS NewsHour, and NPR.

He is also a trustee of the Japan ICU Foundation, a fellow of the US-Japan Leadership Program, an alumni of the Trilateral Commission David Rockefeller Fellows, and a member of the Mansfield Foundation Network for the Future.

AGENDA:

4:15pm: Doors open
4:30pm-5:30pm: Talk and Discussion
5:30pm-6:00pm: Networking

RSVP REQUIRED:

Register to attend at http://www.stanford-svnj.org/12819

For more information about the Silicon Valley-New Japan Project please visit: http://www.stanford-svnj.org/

 

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Former Research Scholar, Japan Program
kenji_kushida_2.jpg MA, PhD
Kenji E. Kushida was a research scholar with the Japan Program at the Walter H. Shorenstein Asia-Pacific Research Center from 2014 through January 2022. Prior to that at APARC, he was a Takahashi Research Associate in Japanese Studies (2011-14) and a Shorenstein Postdoctoral Fellow (2010-11).
 
Kushida’s research and projects are focused on the following streams: 1) how politics and regulations shape the development and diffusion of Information Technology such as AI; 2) institutional underpinnings of the Silicon Valley ecosystem, 2) Japan's transforming political economy, 3) Japan's startup ecosystem, 4) the role of foreign multinational firms in Japan, 4) Japan's Fukushima nuclear disaster. He spearheaded the Silicon Valley - New Japan project that brought together large Japanese firms and the Silicon Valley ecosystem.

He has published several books and numerous articles in each of these streams, including “The Politics of Commoditization in Global ICT Industries,” “Japan’s Startup Ecosystem,” "How Politics and Market Dynamics Trapped Innovations in Japan’s Domestic 'Galapagos' Telecommunications Sector," “Cloud Computing: From Scarcity to Abundance,” and others. His latest business book in Japanese is “The Algorithmic Revolution’s Disruption: a Silicon Valley Vantage on IoT, Fintech, Cloud, and AI” (Asahi Shimbun Shuppan 2016).

Kushida has appeared in media including The New York Times, Washington Post, Nihon Keizai Shimbun, Nikkei Business, Diamond Harvard Business Review, NHK, PBS NewsHour, and NPR. He is also a trustee of the Japan ICU Foundation, alumni of the Trilateral Commission David Rockefeller Fellows, and a member of the Mansfield Foundation Network for the Future. Kushida has written two general audience books in Japanese, entitled Biculturalism and the Japanese: Beyond English Linguistic Capabilities (Chuko Shinsho, 2006) and International Schools, an Introduction (Fusosha, 2008).

Kushida holds a PhD in political science from the University of California, Berkeley. He received his MA in East Asian Studies and BAs in economics and East Asian Studies with Honors, all from Stanford University.
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In 2012, as giants such as Facebook, Twitter, and Google began to position themselves as the go-to places to read news, a little-known news app called SmartNews emerged and started gaining popularity in Japan. The SmartNews app has since been dubbed “App of the Year” on Google Play and won the “Best of” award in Apple’s App store, launched US operations in 2014, and now has over 10 million monthly active users in US and Japan.

In the age of fake news and information polarization, SmartNews is working to deliver to users a balanced diet of quality information from trusted journalism sources. The SmartNews news app uses machine learning to deliver curated news from more than 3000 sources and identify fake news. The SmartNews Delivery Algorithm not only considers users’ likes and clicks and other behavior on the app to generate suggestions, but also applies political balancing algorithms to ensure multiple viewpoints are expressed on important topics, and diversification algorithms to help break the filter bubble.

In this public forum, SmartNews Director of Product Management Yuhei Nishioka will talk about SmartNews’ story and growth trajectory, competing in the current news app landscape, and finally, discuss the process and considerations in creating the SmartNews News Delivery Algorithm. Introduction by Rich Jaroslovsky Vice President for Content and Chief Journalist of SmartNews and former Wall Street Journal White House correspondent.

MAIN SPEAKER:

Yuhei Nishioka, Director of Product Management, SmartNews

INTRODUCTION BY:

Rich Jaroslovsky, Vice President for Content and Chief Journalist, SmartNews and former Wall Street Journal White House correspondent

AGENDA:

4:15pm: Doors open
4:30pm-5:30pm: Main Content, followed by discussion
5:30pm-6:00pm: Networking

RSVP REQUIRED:

Register to attend at http://www.stanford-svnj.org/101618-public-forum

For more information about the Silicon Valley-New Japan Project please visit: http://www.stanford-svnj.org/

PARKING ON CAMPUS:

Please note there is significant construction taking place on campus, which is greatly affecting parking availability and traffic patterns at the university. Please plan accordingly.

Yuhei Nishioka, Director of Product Management, SmartNews
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This third volume in the Japan Decides series remains the premier venue for scholarly research on Japanese elections. Spotlighting the 2017 general election, the contributors discuss the election results, party politics, coalition politics with Komeito, the cabinet, constitutional revision, new opposition parties, and Abenomics. Additionally, the volume looks at campaigning, public opinion, media, gender issues and representation, North Korea and security issues, inequality, immigration and cabinet scandals. With a topical focus and timely coverage of the latest dramatic changes in Japanese politics, the volume will appeal to researchers and policy experts alike, and will also make a welcome addition to courses on Japanese politics, comparative politics and electoral politics.

Chapter 15, Abenomics' Third Arrow: Fostering Future Competitiveness?, was written by Shorenstein APARC Research Scholar, Kenji Kushida.

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Highly readable yet deeply researched, this book serves as an essential guide to the many ways in which Japan has risen to become one of the world's most creative and innovative societies.


• Challenges conventional views of Japan as mired in two unproductive "lost decades" by documenting the myriad ways in which the nation has embraced creativity and innovation

• Describes the ways in which Japan has transformed our lives and explains the guiding principles of one of the world's least understood, most vibrantly creative societies

• Explains how Japan, as the world's first non-Western developed nation, can inspire other nations at a time when America's economic and social models are being challenged as never before

• Argues that, in a world that seems to have lost its direction in the face of threats ranging from terrorism to angry populism, Japan can assume greater leadership in preserving global peace and prosperity

Chapter 4 of this book, Departing from Silicon Valley: Japan's New Startup Ecosystem, was written by Shorenstein APARC Research Scholar Kenji Kushida.

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Given that much of the global leadership in value creation over the past couple of decades has been driven by the Silicon Valley model – not only a geographic region but a distinct ecosystem of complementary characteristics – the basic question this paper asks is how far Japan’s Abenomics reforms are pushing Japan towards being able to compete in an era dominated by Silicon Valley firms. 

To answer this, the first section of this paper looks at content of the third arrow of Abenomics. The second section then distills the Silicon Valley ecosystem into its key characteristics, sorts each of these characteristics according to the underlying institutions to put forth a model, and briefly evaluates whether third arrow reforms move Japan closer to a Silicon Valley model of entrepreneurship and innovation.

 

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Kenji E. Kushida
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The rise of Nokia as a global ICT leader in the 1990s and early 2000s was dramatic, as a company from the small Nordic country of Finland became a global titan. The lack of Japanese presence in global ICT industries in the 1990s and 2000s was unexpected, as it was a technological and platform leader in its domestic market but without followers in global markets. The advent of the iPhone and Android from Silicon Valley companies in the late 2000s thoroughly disrupted both Nokia and the Japanese companies. What happened? Why did it happen, and what were the lessons learned? Now, with the dominance and concentration of Silicon Valley companies and the rise of China in new areas such as AI and digital services, how do we understand the dynamics of competition unfolding? What general conclusions can we draw about the possibilities and risks of national strategies from  the past experiences?

This panel brings expertise from China, Europe, Japan, and Silicon Valley to discuss these questions. 

This event is brought to you by Shorenstein APARC Japan Program's Stanford Silicon Valley-New Japan Project in collaboration with the Berkeley Roundtable on the International Economy (BRIE)

AGENDA

Moderator and panelistJohn Zysman, Co-founder, Berkeley Roundtable on the International Economy. Author of “The Third Globalization: Can Wealth Countries Stay Rich.”

3:00pm-3:05pm         Introduction & Opening Remarks

3:05pm-3:35pm         The rise and fall of Nokia as a global mobile leader, a management perspective

Presenter: Yves Doz, Solvay Chaired Professor of Technological Innovation, INSEAD. Author of “Ringtone: Exploring the Rise and Fall of Nokia in Mobile Phones” (2018)

3:35pm-4:05pm         How Silicon Valley commoditized the global ICT industry. Japan: leading without followers, then disrupted, a political economy perspective

Presenter: Kenji Kushida, Research Scholar, Stanford University. Author of “The politics of commoditization in global ICT industries: a political economy explanation of the rise of Apple, Google, and industry disruptors” (2015)

4:05pm-4:35pm        AI and Global Dynamic Capabilities: The Implications for China and the United States. 

· The Chinese Case:  Can China avoid the Finnish and Japanese fate?   Will the scale of the Chinese market permit it to develop global standards?   Will the geo-political rivalry change the dynamic of the market rivalries.

· The American case: Will the American platform strengths hold in in the face of Chinese challenges? Will Europe?

PresentersAmy Shuen, Visiting Professor, Hong Kong University (formerly at UC Berkeley, Wharton, CEIBS). Co-author, Dynamic Capabilities and Strategic Management (SMJ, Best Paper Award, 2003) Author, “Web 2.0:  A Strategy Guide” (OReilly, 2008) HKU Talk (2017) https://www.ecom-icom.hku.hk/Contents/Item/Display/1962

John Zysman, Co-founder, Berkeley Roundtable on the International Economy. Author of “The Third Globalization:Can Wealth Countries Stay Rich.”

4:35pm-5:00pm         Open Discussion, Q&A

 

RSVP REQUIRED: http://www.stanford-svnj.org/44-panel-discussion

Panel Discussions
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The conference is brought to you by the Shorenstein Asia-Pacific Research Center Japan Program's Stanford Silicon Valley-New Japan Project and Mistletoe, Inc.

This event is at full capacity. Please contact Amanda Stoeckicht at amst@stanford.edu if you have any questions.

As we enter the coming age of universal automation, this conference seeks to spark a discussion among thought leaders, technologists, and social entrepreneurs about the replacement of human labor by artificial intelligence and robotics and what that might mean for the future of human welfare and labor opportunities. There is increasing debate regarding the possibility of a new underclass of 'zero economic citizens.' How shall we address these challenges? Does the answer lie in lowering the cost of living? Is it the Universal Basic Income? Or something else? What might be the role of technologies for geographic mobility, sustainability, and community platforms.

Along with keynote presentations and panel discussions, the conference will also feature a startup showcase and participatory world-building exercise.

*The below program is subject to change.

Conference Program

8:30-9:00                  Registration and Breakfast

9:00-9:05                  Welcome

9:05-10:45                Keynote Presentations

Taizo Son (Mistletoe)

Marina Gorbis (Institute for the future)

Sam Altman (Y Combinator)

10:45-11:00              Coffee Break

11:00-12:15                Startup Showcase

Afero

Alesca Life

AstroScale

Binded

Cocoa Motors

Homma

Leomo

ModuleQ

Vivita

Wota

12:15-12:30              Break

12:30-13:00              Mistletoe Fellows Program Announcement

13:00-14:00              Lunch

14:00-15:15              Panel & Debate Sessions: Technology and Social Change in 2045                          

Panel 1: 

Cities of the Future: Removing Barriers to New Ideas with Innovation Districts and Regulatory Sandboxes

Moderator: Ashkan Soltani

Panelists:   Neal Gorenflo (Sheareable)

Taizo Son (Mistletoe)

           Joe Quirk (Seasteading Institute)

           Kaidi Ruusalepp (Funderbeam)           

Panel 2:

The Autonomous Lifestyle: Can Tech-Enabled Mobility Improve Welfare and Opportunity?

Moderator: Kenji Kushida (Stanford University)

Panelists:   Frances Colon (Cenadores Puerto Rico)

Steve Cousins (Savioke)

            Toshi Hoo (IFTF)        

                                 

Panel 3:

Reimagining Social Entrepreneurship: Designing Collaboration and Community

                                       Moderator:     Ernestine Fu (Alsop Louie Partners)

Panelists:    Anh Bui (Benetech)

  Chuck Eesley (Stanford University)   

  Daniel Goldman (Ignition Angels)

             Luan Niu (Enviu)

 

15:15-15:30             Break

15:30-17:30             Zero Economic Citizen in 2045: A World Building Exercise                  

Joshua McVeigh-Schultz (University of Southern California)

Karl Baumann (Univeristy of Southern California)

Elena Marquez Segura (UC Santa Cruz)                         

17:30-17:35             Closing Remarks

17:35-18:35             Cocktail Reception

 

Conferences
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