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Business trends

Japan's university startups top 2,000 for first time

Ventures in biotech and health care outnumber IT fledglings

Tokyo-listed biotech company Peptidream sprang out of research at the University of Tokyo.

TOKYO -- The number of startups created to commercialize results of research and development at Japanese universities rose 13% in fiscal 2017 to surpass 2,000 for the first time, a survey by the Ministry of Economy, Trade and Industry shows.

The total for the year ending this month reached 2,093. Though information technology businesses make up about half of Japan's overall startup scene, the biggest category of university ventures consists of biotech, health care and medical equipment at 659, followed by IT at 614.

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