Creating a place for open innovation among diverse players - a perspective from practitioners at a science park

Abstract

Twenty years after the concept of open innovation was first proposed, entrepreneurship and horizontal division of labor have become popular in Japan, following the global trend. However, in the life science field, the foundation for open innovation is still in its infancy due to the high degree of specialization, large scale of required investment, and low probability of success. For the five years since its opening in 2018, Shonan Health Innovation Park (Shonan iPark) has taken on the challenge of building an ecosystem to create a place where a diverse range of players can realize open innovation. The key points of the efforts are the multifaceted approach taken by the governing body, which is well versed in life sciences, and on the other hand, the fostering of a mutually supportive mechanism and culture by actively borrowing the strength of the community's constituent members. In this article, we introduce the efforts to support diverse players, including venture companies, from the perspective of a science park that creates a place for open innovation.