Silicon Valley is an ever-evolving center of innovation, impacting firms, sectors, and economies around the world. Having grown out of a specific historical and cultural context, the underlying economic ecosystem of Silicon Valley is so unique that recreating the success and nature of Silicon Valley elsewhere has proven difficult. The key challenge is therefore not to simply duplicate that environment but to figure out how major firms, fast-growing large startups, and emerging companies can “harness” the capacity of the Silicon Valley ecosystem. Entrepreneurship is critical to this process, but so is a symbiosis with existing firms. From the perspectives of individuals, firms, regions, and governments around the world, what do we need to know to successfully harness this unique region as an innovation engine?
Over the past few years, Silicon Valley has witnessed a new wave of Japanese startups (entrepreneurs, successful startups from Japan). It has also witnessed renewed attention by major Japanese large firms. This trend has occurred amid the increasing importance of innovation and entrepreneurship in Japan. Silicon Valley is also seeing a greater maturing of interpersonal networks of Japanese, although they are not yet at the levels of some other prominent local network groups.
The goal of the Stanford Silicon Valley - New Japan Project (SV-NJ) is to provide the intellectual background and analytical perspectives required to enable Silicon Valley to benefit from Japan and Japan to better harness Silicon Valley.