#Japan #Tokyo #For Startups #Deel Inc. #Global Teams

Strategic Partnership to Empower Japanese Startups

In an era where remote work has become increasingly prevalent, the need for global talent acquisition has gained critical importance, especially for startups in Japan. To tackle the growing challenges of talent shortages, especially in technology and engineering, For Startups, a prominent Tokyo-based company supporting growth in Japanese industries, has announced a strategic partnership with Deel Inc., a pioneering decacorn from the United States. This collaboration aims to accelerate the formation of global teams and facilitate human resource hiring for domestic startups venturing abroad.

Context and Purpose

The COVID-19 pandemic has fundamentally altered traditional work paradigms, resulting in a shift towards a more flexible, globalized workforce where geographical constraints are less significant. However, startups in Japan still face significant barriers, particularly regarding the recruitment of skilled workers, a situation acutely felt in advanced fields such as deep tech.

The competition for talent is no longer confined to local markets; it has expanded to a global scale, making it essential for Japanese startups to adopt an outward-looking approach from the onset of their business planning. In this context, forming partnerships with overseas talent and operationalizing international branches can be fraught with challenges. Startups, often pressured to advance rapidly with limited resources, require robust support to overcome these hurdles.

For Startups has consistently championed the evolution of Japan's growth sectors, providing vital assistance to innovative entrepreneurs. The recent partnership with Deel aligns well with their mission—creating a framework for global talent engagement that empowers companies to hire from anywhere in the world.

Future Plans

For Startups has deep insights into the challenges and growth strategies of over 750 startups since inception. Leveraging this extensive experience, the company will design tailored overseas expansion strategies specifically targeting the growth stages and markets of each startup. Through this partnership, they aim to utilize Deel's Employer of Record (EOR) service, allowing startups to enter new markets swiftly without the necessity of establishing local entities, minimizing both time and costs.

Moreover, the partnership will encompass local hiring support post-expansion, establishing a comprehensive one-stop support system for startups aiming to flourish internationally. The joint effort between For Startups and Deel is projected to nurture a greater number of Japanese startups that will thrive on the global stage, ultimately contributing to broader innovation and enhancing Japan's international competitiveness.

Comments from Leaders

Ryo Nishihira, CEO at Deel Japan, expressed confidence in the partnership's ability to facilitate barrier-free global expansion for Japanese startups, allowing them to efficiently access international talent and markets. He regards this collaboration as a gateway to overcoming the challenges of hiring and expanding abroad, seeing it as an opportunity to enrich Japan's startup ecosystem through diverse talent and perspectives.

Yuichiro Shimizu, CEO of For Startups, emphasized that many startups are striving to leverage global talent, especially in the deep tech sector. He highlighted the persistent barriers facing these companies, making the encounter with Deel a significant breakthrough in their quest for global expansion. This partnership not only aligns strategic goals but also represents a commitment to fostering a generation of Japanese enterprises that can compete on the world stage.

Conclusion

The strategic alliance between For Startups and Deel heralds a new era for Japanese startups aiming for global outreach. By facilitating access to international talent and streamlining the challenges of overseas expansion, this partnership holds the promise of strengthening Japan's position in the global economy, fostering innovation, and enhancing competitiveness in a rapidly evolving marketplace. Any startups looking to explore their options for international expansion and hiring can consult For Startups through their dedicated form.