500 Global partners with JETRO to help Japanese startups accelerate globalization

Silicon Valley-based venture capital firm 500 Global, has announced a collaboration with the Japan External Trade Organization (JETRO) to launch a startup program for Japanese startups. The aim of the program is to accelerate globalization by nurturing a global mindset, formulating strategies for overseas expansion and market development, and learning about the investment criteria that can make startups attractive for cross border venture capital investors.

Startups selected for the program will work closely with experienced company builders who will provide various areas of expertise through hands-on workshops and 1:1 mentoring sessions. J-StarX Silicon Valley Extended Program by 500 Global is an 8-week program with 3 phases, split between Tokyo and the US.

Phase 1 (in Tokyo for 2 weeks) focuses on "Mindset Development & Pitch Preparation." Startups will participate in an intensive 4-day bootcamp led by global mentors to learn the foundations of building a globally scalable business, then prepare for a pitch presentation through 1:1 coaching and group mentoring.

Phase 2 (in Tokyo for 2 weeks) will be an "In-Depth Preparation" phase. Selected startups will work closely with global mentors for further global mindset shaping and to craft a strategic plan for international expansion. This includes in-depth training on key areas such as sales, marketing and product development (Go-to-Market Strategy), customized for each startup's needs. Startups focus on creating a clear strategic plan for international expansion with guidance from dedicated growth coaches.

Phase 3 (in the US for 4 weeks) will cover "Global Market Validation" and startups will travel to Silicon Valley to deepen learnings in support of international expansion efforts. This will consist of being educated on what it takes to build a globally scalable business, learn about global fundraising and how to improve their investor pitch presentation skills. In addition to engaging with leaders of the Flagship Accelerator which sees tens of thousands of applications per year, startups will hear and participate in various workshops, mock interview sessions, panel discussions, guest speakers, group activities, office hours, and 1:1 mentoring sessions. A Product Open House event will provide them with the opportunity to obtain product and technical feedback from experts. This will help them refine their technology and solutions to meet global standards.

Clayton Bryan, Partner, 500 Global: "This collaboration with JETRO marks a significant milestone in our ongoing efforts to support Japanese startups in scaling their businesses and expanding into global markets. This 8-week program offers frameworks for establishing the the foundations for strong growth mechanics, a network of experienced global operators as mentors, business model narrative pitch development, strategies for new market validation, and corporate partnership best practices, ensuring startups' products resonate with relevant key customer personas globally and attract international attention from ecosystem participants. The team is seeking founders with strong leadership, resilience, and a global mindset. With the right support, we believe Japanese startups will be well positioned to achieve global success, and we look forward to the incredible achievements we can accomplish together."

Interested stratups can submitt their applications here.

Program dates: Sep 24th, 2024 - Nov 22nd, 2024

Application deadline: 1st deadline (priority screening): Aug 26, 2024 | 2nd deadline (final): Sep 10, 2024

www.500.co

Follow Marketing Report on LinkedIn