Discovering Opportunities: JETRO's Global Startup Acceleration in 2024

Author: Evelyn Baker Updated: 09-10-2024 02:43 PM

JETRO Welcomes 105 New Startups to Acceleration Program

The Japan External Trade Organization (JETRO) has proudly announced its latest cohort for the Global Startup Acceleration Program (GSAP) in 2024, which includes an impressive 105 startups. This initiative, established in 2020, focuses on empowering Japanese startups looking to expand their reach into international markets. With this latest addition, the total participating startups in the GSAP has now surpassed 500, showcasing the growing interest and commitment to global entrepreneurship.

Collaborative Approach with Esteemed Accelerators

At the heart of GSAP is JETRO's collaboration with several globally recognized accelerators. These organizations carry a distinguished history of nurturing startups into thriving unicorns. This program designs specialized courses tailored to the unique needs of the participating startups, placing them into one of six distinct categories based on their industry and development stage.

New Partnerships and Courses for 2024

This year marks a significant expansion as JETRO partners with StartX, a prestigious accelerator that supports Stanford students and alumni through mentorship and community resources. In addition, new collaborations include Industry 4.0 Accelerator from Michigan and Ensanté from Silicon Valley. With these partnerships, JETRO is launching four innovative courses aimed at addressing varied market needs.

Introducing New Courses

The newly introduced courses for 2024 include:

B2B Commercial Traction Course – Engaging companies ready to achieve tangible results as they enter the U.S. market, directed by the experts at AlchemistX.
AI/Sustainability Course – Aimed at combining strengths in sustainability and artificial intelligence, facilitated by StartX.
BioTech/MedTech Course – Hosted at the BakarLabs incubator at UC Berkeley, designed for those in the biotechnology sector, led by Ensanté.
Manufacturing Tech Course – Focusing on technologies in manufacturing, guided by the Industry 4.0 Accelerator.

Furthermore, the GSAP will continue its popular B2B Market Discovery Course and Deep Tech Course, which respectively delve deeper into market insights and cutting-edge technology applications.

Hybrid Learning Experience

Participants can look forward to a dynamic hybrid format that blends online learning with on-site experiences until March 2025. The program offers comprehensive resources, including strategy lectures, interactive boot camps, potential partnership meetings, and personalized mentoring opportunities. Notably, some startups will have a chance to showcase their innovations at international exhibitions, thus broadening their horizons and networks with global investors.

About JETRO

JETRO serves as the bridge between Japan and international markets, providing essential support for Japanese enterprises seeking global expansion and assisting foreign companies venturing into Japan. Established in 1958, JETRO operates over 70 offices worldwide, including multiple locations in the USA, facilitating strong business connections and partnerships.

Frequently Asked Questions

What is the Global Startup Acceleration Program?

GSAP is an initiative by JETRO that supports Japanese startups aiming for overseas expansion through mentorship and specialized courses.

How many startups are participating in the 2024 cohort?

This year, 105 new startups were selected for the program, bringing the total to over 500 participating companies since its inception.

What types of courses does GSAP offer?

GSAP offers various courses, including B2B Commercial Traction, AI/Sustainability, BioTech/MedTech, and Manufacturing Tech, tailored for different industries and stages of business development.

Is there a cost to participate in GSAP?

Participation in the Global Startup Acceleration Program is free for selected startups.

What benefits do startups receive from joining GSAP?

Startups receive access to expert mentorship, networking opportunities, hands-on training, and the chance to present at overseas exhibitions, all tailored to enhance their business growth.

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