A new deep-tech support facility, “SAKURA DEEPTECH SHIBUYA,” has been established in the Shibuya Sakura Stage Central Building, directly connected to Shibuya Station. More than just a startup support hub, this facility is expected to serve as a key center that fosters collaboration between industry, government, and academia, facilitates networking among companies and talent, and promotes the social implementation of deep-tech innovations.
The Synergy Between Deep Tech and Shibuya
Deep Tech refers to a set of cutting-edge technologies based on scientific advancements, including AI, robotics, and biotechnology. Historically, Shibuya has been a gathering place for IT companies, once known as “Bit Valley.” Now, the district is evolving into a new hub for deep tech, marking a highly intriguing transformation.
This project is positioned as part of the Tokyu Group’s “Greater SHIBUYA 2.0 Strategy,” which envisions a city where “work,” “living,” and “leisure” seamlessly integrate. Rather than being merely a business hub, this initiative aims to make deep tech a fundamental part of urban lifestyles.
Strengthening Global Collaboration
“SAKURA DEEPTECH SHIBUYA” has entered into a partnership with the Massachusetts Institute of Technology (MIT) and offers an accelerator program led by Scrum Studio Inc. The facility is designed to be a space where domestic and international startups and corporations can connect. By incorporating this global perspective, the initiative is expected to pave the way for Japanese deep-tech ventures to expand into international markets.
Challenges in Deep Tech and the Role of “SAKURA DEEPTECH SHIBUYA”
Japanese deep-tech startups face several key challenges:
- Utilization of Intellectual Property (IP)
Many technological developments struggle to generate revenue.
- Lack of Equity Stories
There is a shortage of players who can craft a compelling growth narrative to bring research outcomes into society.
- Absence of Serial Entrepreneurs
The presence of experienced serial entrepreneurs is crucial for accelerating startup growth.
- Limited M&A Exit Strategies
Compared to IPOs, a more active M&A landscape is needed to boost entrepreneurial motivation.
“SAKURA DEEPTECH SHIBUYA” has the potential to become a critical hub for overcoming these challenges. The facility offers state-of-the-art research equipment (such as 3D printers and high-precision measuring devices) and provides access to MIT-level laboratory equipment, creating an environment that accelerates research and development.
The Potential for an Innovation Ecosystem in Shibuya
At the facility’s opening, Ken Hasebe, the mayor of Shibuya City, expressed his high expectations, stating that it will become “a powerful asset for the city of Shibuya.” While Shibuya has long been associated with fashion and IT trends, “SAKURA DEEPTECH SHIBUYA” could be the catalyst that transforms it into a global hub for next-generation technological innovation.
Startups only realize their true potential when their innovations are successfully implemented in society. This requires corporate collaborations, government support, and effective funding mechanisms. “SAKURA DEEPTECH SHIBUYA” is set to become the nucleus of this ecosystem, playing a vital role in shaping the future of Japan’s deep-tech startups.
Conclusion
“SAKURA DEEPTECH SHIBUYA” is expected to serve as a new epicenter for deep-tech innovation, fully leveraging Shibuya’s unique advantages. Will it become a gathering place for startups and a breeding ground for continuous technological breakthroughs, much like the former “Bit Valley”?
All eyes are on its future developments as it aspires to be a launchpad for global deep-tech innovation originating from Japan.