Many IT startups in Silicon Valley seek out incubators and crowd funding when fundraising at the seed stage. They typically raise funds from incubators, angels, friends, and families, most often in amounts less than US$0.5M, i.e. working capital for several months. Accelerators and incubators play an important role for startups at the seed stage.
They are essential for the success of startups, as they provide much needed support, such as physical offices, funding, mentors, advisors, and human resources to achieve success in a short period of time.
In Japan, Samurai Incubate Inc. and Dream Incubator Inc. are well known incubators. In the first session, Mr. Nakazono of JETRO commented on the latest attractive features and the hottest market trends in Silicon Valley.
Mr. Nakazono also manages the JETRO Business Innovation Center which is run by JETRO in San Jose, specifically for Japanese corporations.
In the second session, Anis Uzzaman, General Partner & CEO of Fenox Venture Capital, described some of the startup strategies used in Silicon Valley.
Fenox Venture Capital actively invests in promising startups while working closely with several incubators in Silicon Valley.