Abstract
Corporate Venturing supported by entrepreneurs is a very attractive way for each company to create a new business. Contrary to the beginning of US bio-venturing in 1970's, bio-venturing in Japan was almost 20 years behind. Analyzing several cases including corporate ventures by Kyowa Hakko Kogyo (now: Kyowa Hakko Kirin), the most important factor for leading success of the venture is elucidated as people who manage the company. And those entrepreneurs must be permitted to control their ventures. Regarding talents of entrepreneurs, the ability of project coordination is likely the most important issue. Therefore, more facilitating corporate venturing in Japan, we should think variety of carrier paths of employees to encourage their entrepreneurship and financial supports to their start-up stages in the current severe circumstance where most of Japanese venture capitals are hesitating to invest to the early stage bio-ventures.
