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Ethnicity and immigration status may play a role in entrepreneurship and innovation, yet the impact of university entrepreneurship education on this relationship is under-explored. This paper examines the persistence and differences in entrepreneurship by ethnicity and nationality. We find that among Stanford alumni, Asian Americans have a higher rate of entrepreneurship than white Americans. However, non-American Asians have a substantially lower, about 12% points lower, start-up rate than Asian Americans. Such discrepancy not only holds for entrepreneurial choice but also for investing as an angel investor or venture capitalist, or utilizing Stanford networks to find funding sources or partners. Participation in Stanford University’s entrepreneurship program as a student does little to reduce this gap. The low level of parental entrepreneurship and the high degree of intergenerational correlation in entrepreneurship likely result in the lower level of entrepreneurship and participation in university entrepreneurship programs among Asians relative to their Asian American counterparts. Our findings highlight the value of immigration in terms of breaking the persistence in entrepreneurship among certain ethnic groups and promoting potential high-growth entrepreneurship in the United States. In addition, our findings may have important implications for programs to incorporate immigrant entrepreneurs within their home countries to promote entrepreneurship and help break the persistence of entrepreneurship across generations.

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Yong Suk Lee
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As the Tokyo-based co-founder and managing partner of global VC fund Fresco Capital, Allison Baum is frequently asked “Why are you in Japan?”  Indeed, with a global network of corporate partners, investors, and portfolio companies, many of them are curious to know why Fresco sees long term potential in the Japanese market. Though Japan is an advanced and well developed economy, the country is struggling with the need to innovate in the face of critical challenges such as a deflationary economy, a rapidly aging population, and an impending automation of the workforce. Fresco’s view is that this environment presents an extremely promising market opportunity for companies addressing challenges in healthcare, education and workplaces of the future. Join us as Allison shares her experience on the challenges and opportunities of expanding to Japan, bridging the cultural divide between Japan and the rest of the world, and discovering firsthand what it takes to successfully build long term partnerships in Japan.

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SPEAKER

Allison Baum, Co-founder and Managing Partner, Fresco Capital

BIO

Allison Baum is a co-founder and managing partner of Fresco Capital, a global, early stage venture capital fund investing in technology companies transforming education, healthcare, and the future of work at scale.  Prior to Fresco, Allison was an early member of the team at General Assembly, a global network for education and career transformation specialising in today’s most in-demand skills, where she developed and launched the company’s first part-time and full-time programs for technology, business, and design in New York.  In 2012, she relocated to Hong Kong to launch their first business in Asia.  Previously, she was a member of the Equity Derivatives team and Cross Asset Sales teams at Goldman Sachs in New York City.  

Allison graduated cum laude from Harvard College with a BA in Economics and a Minor in Film Studies.  She is also a member of the World Economic Forum Global Shapers community, a mentor for emerging women entrepreneurs in Southeast Asia at Wedu Global, a mentor for global social impact entrepreneurs at Endeavour Capital, and was named by Forbes as one of the 30 Top Emerging VC Managers in Asia.

AGENDA

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

RSVP REQUIRED

To RSVP please go to: http://www.stanford-svnj.org/52118-public-forum/2018

For more information on the Stanford Silicon Valley-New Japan Project, please visit the project website at: http://www.stanford-svnj.org

 

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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 “Baby Boomer” generation (dankai no sedai) has begun to reach the age of retirement en mass.  10,000 people turn 65 every day in the United States. In Japan, one-fifth of the population is over the age of 65 and is on track to increase to one-third of the population by 2050. In addition, people are living longer. Japan boasts the highest life expectancy in the world with an average of 84 years. As a result, we currently have a growing group of accomplished professionals contemplating spending their next 20-30 years doing something other than traditional work. According to the International Longevity Center (ILC) there is a great interest among this population to engage in activities that contribute back to society, but very few actually make the leap to do so. Nonprofits in the United States have developed a variety creative strategies to engage older adults; creating dynamic partnerships that provide opportunity and meaning to seniors while furthering social purpose missions. Lago will provide an overview of how nonprofits are leveraging the skills and experience of senior professionals for the social good.

SPEAKER:

Ulea Lago, Director of Consulting Empower Success Corp

BIO:

Ulea Grace Lago directs ESC’s consulting practice of 150 senior professionals, overseeing approximately $2.5M in pro bono services annually. An attorney and independent consultant, Ulea has over 17 years of experience working with nonprofits, religious organizations, and community groups. A veteran community organizer, she is the former director of the Truth and Reconciliation Project in Nashville, Tennessee, and previously served as Associate Director of Community Partnership and Service Learning at Sarah Lawrence College and Chair of the Political Action Network at Vanderbilt University, where she organized educational panels, forums, and fundraisers. She has a BA from Sarah Lawrence College, and a M.Div. and J.D. from Vanderbilt University

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/31218-public-forum

For more information about the Silicon Valley-New Japan Project please visit: http://www.stanford-svnj.org/
Ulea Lago, Director of Consulting, Empower Success Corp
Seminars
616 Serra StreetEncina Hall E301Stanford, CA94305-6055
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gilhong_kim.jpg Ph.D.

Dr. Gilhong Kim joins the Walter H. Shorenstein Asia-Pacific Research Center for the 2018 year as visiting scholar.  He currently serves as the Senior Director and Chief Sector Officer of the Sustainable Development and Climate Change Department at the Asian Development Bank.  He will be conducting research on technological development and impact in the Asia-Pacific.

Visiting Scholar at APARC
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Voice4u is a revolutionary AAC (Augmentative and Alternative Communication) system that helps individuals express their feelings, thoughts, actions, and needs. It is the equivalent of wheelchairs for people who cannot walk. Voice4u is the perfect solution for learning and communication for individuals with autism spectrum disorders (ASD) and the people around them. In the United States, CDC estimates that 1 in 68 children has been identified with autism spectrum disorders as of 2017. The application has been downloaded in 100+ countries and more than 150K units. The product has proven to be commercially viable and has been used by people suffering from other types of developmental disorders including Down syndrome and Asperger’s syndrome, people with other kinds of communication disorders caused by stroke or brain injuries and deafness, seniors who have difficulties with verbal communication, as well as Speech Language Pathologists (SLP) for medical professionals, teachers, or parents. This presentation will focus on how and why Yumi Kubo and Sei Higuchi founded Spectrum Visions, the development of Voice4u, and their future plans.

SPEAKERS:

Yumi Kubo, co-founder and CEO of Spectrum Visions Global, Inc. 

Sei Higuchi, Ph.D., co-founder and CTO of Spectrum Visions Global Inc. 

BIOS:

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Yumi is the co-founder and CEO of Spectrum Visions and has a son with autism. Before founding the company, she was engaged in numerous activities in non-profit organizations such as Parents Helping Parents (PHP). She has given lectures in Japan and the U.S on special education, IFSP (Individual Family Service Plan), IEP (Individual Educational Program) and IET (Individual Educational Transition). Yumi also started several social groups to support children with development delays. Her story was featured in San Jose Mercury News, “Autism Mystery – Family Finds Hope Silicon Valley”. As a part-time instructor at Osaka University, she has been teaching young students entrepreneurship with her unique story

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Sei is co-founder and CTO of Spectrum Visions and is leading product development. He received his Ph.D. in Aeronautics & Astronautics from Stanford University in 2009. At Stanford, he developed the adaptive model predictive control algorithm for microkelvin thermal control system. While he was a Ph.D. student, he also supported the autism community in the Bay Area. After completing his Ph.D., he started developing Voice4u. Sei received a BS in Mechanical Engineering from Waseda University, Japan, MS in Aeronautics & Astronautics, and Ph.D. minor in Mechanical Engineering from Stanford University.

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/svnj-public-forum-13018/2018/1/10/voice4u

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

 

Seminars
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GSVlabs is a startup and corporate innovation accelerator located in the heart of Silicon Valley in Redwood City. It houses more than 180 startups and supports corporate innovation programs for more than 25 corporations. During the past few years, GSVlabs has welcomed numerous startups from foreign countries such as Brazil, Mexico, Thailand, China, Korea, Germany, Austria just to name a few. In many cases, these foreign startup acceleration programs are funded by large corporations and governments that see long-term economic benefits of supporting such activities in Silicon Valley. In this public forum, Atsuko Jenks will discuss examples of such corporate and government funded accelerator programs and implications for the efforts by Japanese corporations and Japanese government organizations to accelerate corporate innovation and economic growth of Japan.

SPEAKER:

Atsuko Jenks, Managing Director, Japan, GSVlabs

BIO:

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Atsuko oversees development and implementation of corporate innovation and new business development accelerator programs for Japanese corporations at GSVlabs in Redwood City. She is also an advisor for two Silicon Valley technology startups, Grabit and Viewpoint Systems. For nearly 20 years, Atsuko has advised and worked with both US and Japanese companies, assisting them with their cross-Pacific alliance and partnership strategies as well as technology licensing and various commercial agreements. Atsuko is also active in non-profit work as a Board Member of Stanford Business School Alumni Association, an Executive Committee Member of The Tech Museum of Innovation, the San Francisco Chapter President of Tsuda University Alumnae Association, and a member of Stanford Business School Alumni Consulting Team. She was previously Director of Japan Division with Williams-Sonoma in San Francisco, and Consultant at Bain in Tokyo Office.  Atsuko holds BA from Tsuda University in International Relations and Global Studies, and MBA from Stanford Graduate School of Business.

AGENDA:

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

RSVP REQUIRED:

 

Atsuko Jenks Managing Director, Japan GSVlabs
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William F. Miller, a former provost at Stanford University, a founding member of the university's Computer Science Department, and former CEO of SRI, died at the age of 91 on Wednesday, September 27.

Miller held an array of other leadership, industry, and academic roles, but at Shorenstein Asia-Pacific Research Center (APARC), Bill was better known as one of the leaders of the Stanford Program on Regions of Innovation and Entrepreneurship (SPRIE), along with Henry S. Rowen and Marguerite Gong Hancock. SPRIE was established at Shorenstein APARC in 2001 after the publication of The Silicon Valley Edge by Stanford University Press, co-edited by Miller, Rowen, Hancock, and Chong-Moon Lee; the book, the program's research, and Miller and Rowen's vast experience were responsible for a steady stream of visitors to Encina Hall, all looking to understand the Valley's success and replicate it abroad.

Two more books were published by SPRIE, focusing on the rise of innovation in Asia: Making IT: The Rise of Asia in High Tech (2006), and Greater China's Quest for Innovation (2008). In 2011, the program moved to the Graduate School of Business.

Full details on Bill Miller's life, as a leader, an entrepreneur, a tireless advisor and advocate, and as a generous human being, can be found here.

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William F. Miller speaks in Madrid in 2007.
Courtesy Stanford Program on Regions of Innovation and Entrepreneurship
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GROW is an automated solution to evaluate job candidates, developed by Tokyo-based people analytics startup, Institution for a Global Society (IGS). GROW was developed with the idea that the hiring process is often a missed opportunity to collect, utilize and exchange feedback that could change people’s behaviors for the better. The solution has developed into a tool that both helps students to understand their strengths and weaknesses, while at the same time assists HR in hiring based on competencies and personality traits. GROW uses artificial intelligence learning algorithms to analyze assessment data from both candidates and evaluators, looking for patterns to improve its ability to accurately screen candidates over time. In place of human intuition, GROW uses big data to develop a scientific, objective, and constantly-improving engine to recruit, screen, and develop human capital. In his presentation, Founder and CEO of IGS, Masahiro Fukuhara will speak about founding IGS, developing GROW, and the opportunities and challenges that its widespread interest has presented. 

Bio

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Masahiro Fukuhara is founder and CEO of Tokyo-based people analytics startup Institution for a Global Society (IGS), which he started in 2010. Prior to founding IGS, Fukuhara was managing director at asset management firm Barclays Global Investors (BGI) where he made investment decisions based on computer-driven models. Fukuhara earned his Bachelor’s degree in Economics from Keio University and MBA from INSEAD. He holds Master’s degree (with Honors) in International Finance from Grandes Ecoles HEC and Ph.D. from Tsukuba University Graduate School of Business Sciences (Ph.D. in Business Administration). He is currently a Visiting Professor at the center for FinTEK (Finance, Technology, and Economy) at Keio University as well as adjunct professor at Hitotsubashi University’s Graduate School of International Corporate Strategy.

Agenda

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

RSVP Required

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

NOTE: This event takes place during Stanford’s Homecoming Weekend. The parking slots in front of Encina Hall will not be available that day, and there may be higher demand than usual for parking on campus. Please take that into consideration when planning your travel.

Masahiro Fukuhara, Founder and CEO, Institution for a Global Society
Seminars
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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

 

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